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Andrew J. Quigg, Chief Strategy Officer at Progressive Corp (NYSE:PGR), sold 3,191 shares of the company’s common stock on July 28, 2025. The shares were sold at a price of $249.24, for a total transaction value of $795,324. According to InvestingPro data, Progressive currently trades at an attractive P/E ratio of 13.6x and has demonstrated robust revenue growth of 21.5% over the last twelve months.
Following the transaction, Quigg directly owns 37,977.37 shares of Progressive Corp. The insurance giant, with a market capitalization of $141.6 billion, maintains a "GREAT" financial health score according to InvestingPro’s comprehensive analysis, which includes 12 additional key insights available to subscribers.
The sale was executed under a pre-arranged 10b5-1 trading plan adopted on January 30, 2025. For detailed valuation metrics and a comprehensive analysis of Progressive Corp, investors can access the full Pro Research Report, available exclusively on InvestingPro.
In other recent news, Progressive Corp. reported second-quarter earnings that exceeded analyst expectations, with adjusted earnings per share reaching $5.40, surpassing the estimated $4.36. Despite revenue coming in slightly below the consensus estimate at $20.08 billion, it still marked a 12% increase from $17.90 billion in the same period last year. Goldman Sachs maintained its Buy rating on Progressive, citing strong June operating results, and set a price target of $305.00. The company reported June operating earnings per share of $1.67, outperforming both the Visible Alpha Consensus estimate of $1.14 and Goldman Sachs’ own estimate of $1.23. This performance was attributed to a better-than-expected underlying loss ratio and lower catastrophe losses. Conversely, Evercore ISI downgraded Progressive from Outperform to In Line, setting a price target of $275.00, due to a more balanced risk/reward profile. These developments reflect the mixed analyst perspectives on the company’s growth potential and recent performance.
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