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Joyce Carl G, the Chief Accounting Officer at Progressive Corp (NYSE:PGR), recently sold 360 shares of the company’s stock. The transaction, which took place on March 21, 2025, was executed at an average price of $276.166 per share, resulting in a total sale value of approximately $99,419. Progressive, a prominent player in the insurance industry with a market capitalization of $161 billion, has demonstrated strong performance with a 35% return over the past year. InvestingPro analysis suggests the stock is currently trading below its Fair Value. Following this transaction, Carl G holds 655.142 shares directly. Additionally, there are 306.642 shares held indirectly through a 401(k) plan. The company maintains solid fundamentals, with 15 analysts revising earnings upward for the upcoming period. For deeper insights into Progressive’s financial health and detailed insider trading analysis, access the comprehensive Pro Research Report available on InvestingPro, covering 1,400+ top US stocks.
In other recent news, Progressive Corporation reported significant financial growth in February 2025, with net premiums written increasing by 17% to $6.684 billion and net premiums earned rising by 18% to $6.036 billion. The company’s net income surged by 26% to $928 million, translating into a 28% increase in earnings per share for common shareholders, which reached $1.58. Despite these positive figures, Progressive experienced a pretax net realized loss on securities of $110 million, contrasting with an $80 million gain in the previous year. Analysts have maintained an optimistic outlook, with Raymond (NSE:RYMD) James, BMO Capital Markets, and Keefe, Bruyette & Woods all retaining their Outperform ratings on the stock, with price targets set at $305, $282, and $300, respectively.
Raymond James highlighted Progressive’s consistent growth and value creation, while Keefe, Bruyette & Woods adjusted their price target following the company’s earnings outperformance and better-than-expected reserve releases. BMO Capital Markets noted a downward revision in near-term organic growth estimates due to trends in repair shops, yet maintained a positive outlook. Progressive’s combined ratio improved to 82.6%, indicating enhanced profitability, although concerns were raised about potential future claims impacting earnings. Analysts have varied expectations for the company’s future, with some noting potential risks such as tariffs on imported auto parts and possible wildfire claims in California. Despite these challenges, Progressive’s robust growth in policies and improved profitability metrics continue to attract investor interest.
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