These are top 10 stocks traded on the Robinhood UK platform in July
John P. Sauerland, VP and Chief Financial Officer of Progressive Corp (NYSE:PGR), a $141.58 billion market cap insurance giant trading at an attractive P/E ratio of 13.6, sold 16,664 shares of common stock on July 28, 2025, at a price of $249.24, totaling approximately $4.1 million. According to InvestingPro analysis, the company is currently undervalued based on its Fair Value estimate.
Following the transaction, Sauerland directly owns 228,024.428 shares of Progressive Corp. He also indirectly owns 13,577.06 shares through a 401(k) plan. The company has demonstrated strong performance with 21.5% revenue growth over the last twelve months. InvestingPro has identified 12 additional investment tips for Progressive Corp, available to subscribers.
The sale was executed under a pre-arranged 10b5-1 trading plan adopted on August 22, 2024. Progressive maintains a "GREAT" financial health score of 3.42 out of 5, according to comprehensive analysis available in the InvestingPro Research Report.
In other recent news, Progressive Corp. reported impressive second-quarter earnings, with adjusted earnings per share reaching $5.40. This figure surpassed analyst expectations of $4.36, highlighting the company’s strong profitability. Although revenue was slightly below the consensus estimate at $20.08 billion, it still marked a 12% year-over-year increase from $17.90 billion. Additionally, Progressive’s June operating earnings per share were $1.67, significantly outperforming the Visible Alpha Consensus estimate of $1.14 and Goldman Sachs’ projection of $1.23. Goldman Sachs maintained its Buy rating for Progressive, with a price target of $305.00, citing the robust June results. However, 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 a diverse range of analyst perspectives on Progressive’s future outlook.
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