Progressive (NYSE:PGR) Stock Unloaded Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on March 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in Progressive stock on February 10th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Thermon Group (NYSE:THR) on 3/2/2026.
• Purchased $1,001 – $15,000 in shares of Federal Signal (NYSE:FSS) on 3/2/2026.
• Purchased $1,001 – $15,000 in shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 2/24/2026.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 2/24/2026.
• Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 2/24/2026.
• Sold $1,001 – $15,000 in shares of Oracle (NYSE:ORCL) on 2/24/2026.
• Purchased $1,001 – $15,000 in shares of Champion Homes (NYSE:SKY) on 2/23/2026.
• Sold $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 2/23/2026.
• Sold $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/20/2026.

Progressive Stock Performance

Shares of PGR traded up $3.88 during mid-day trading on Thursday, hitting $205.10. 3,679,710 shares of the company’s stock were exchanged, compared to its average volume of 2,911,534. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The Progressive Corporation has a fifty-two week low of $197.92 and a fifty-two week high of $292.99. The business’s 50 day moving average is $207.10 and its two-hundred day moving average is $222.91. The firm has a market capitalization of $120.17 billion, a P/E ratio of 10.66, a P/E/G ratio of 8.75 and a beta of 0.33.

Progressive Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, April 2nd. Progressive’s dividend payout ratio is presently 2.08%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Progressive by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 55,261,140 shares of the insurance provider’s stock worth $12,584,067,000 after purchasing an additional 593,612 shares during the period. State Street Corp lifted its stake in shares of Progressive by 0.3% in the third quarter. State Street Corp now owns 25,808,762 shares of the insurance provider’s stock valued at $6,373,474,000 after purchasing an additional 78,374 shares during the period. Geode Capital Management LLC lifted its stake in shares of Progressive by 2.0% in the second quarter. Geode Capital Management LLC now owns 15,513,188 shares of the insurance provider’s stock valued at $4,128,055,000 after purchasing an additional 301,371 shares during the period. Capital International Investors boosted its holdings in Progressive by 8.9% during the fourth quarter. Capital International Investors now owns 14,921,724 shares of the insurance provider’s stock worth $3,398,123,000 after buying an additional 1,217,527 shares in the last quarter. Finally, Capital Research Global Investors grew its position in Progressive by 26.1% during the third quarter. Capital Research Global Investors now owns 11,167,940 shares of the insurance provider’s stock worth $2,757,905,000 after buying an additional 2,314,864 shares during the period. Institutional investors and hedge funds own 85.34% of the company’s stock.

Insider Buying and Selling

In related news, CIO Jonathan S. Bauer sold 3,105 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total value of $634,506.75. Following the completion of the transaction, the executive directly owned 26,249 shares of the company’s stock, valued at $5,363,983.15. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Karen Bailo sold 3,517 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $212.00, for a total value of $745,604.00. Following the sale, the insider owned 32,348 shares in the company, valued at approximately $6,857,776. The trade was a 9.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,761 shares of company stock valued at $2,659,420 in the last 90 days. 0.34% of the stock is owned by corporate insiders.

Progressive News Summary

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Goldman Sachs and others highlight PGR as an attractive, defensive insurance holding given strong 2025 results and tech-driven market share gains; Goldman reaffirmed a Buy and a $225 target — a vote of confidence for longer-term investors. Goldman Sachs Names PGR
• Positive Sentiment: MarketBeat and sector write-ups list Progressive among three insurers that can provide stability in volatile markets due to steady premium flows, underwriting discipline and higher investment income — supportive context for investors favoring defensive exposure. 3 Insurers to Bring Stability
• Neutral Sentiment: Analyst and equity research pieces note “moderating growth but intact fundamentals” for Progressive — suggests near-term growth pressures but that core profitability and underwriting metrics remain solid. Moderating Growth But Intact Fundamentals
• Neutral Sentiment: Two entries concern Progressive Planet Solutions (TSE:PLAN) reporting record Q3 revenue and one‑time charges to fund growth — this is a different company and unlikely to directly affect PGR’s fundamentals or stock, but it may cause headline noise for investors scanning “Progressive” news. Progressive Planet Posts Record Q3 Revenue Progressive Planet Q3 Results
• Negative Sentiment: BMO Capital Markets cut its price target for PGR to $208 and moved to Market Perform, signaling reduced near-term upside expectations and likely contributing to selling pressure among tactical investors. BMO Price Target Cut
• Negative Sentiment: Bank of America published a pessimistic forecast for PGR’s stock outlook, adding to downward pressure from cautious sell‑side sentiment. Bank of America Issues Pessimistic Forecast
• Negative Sentiment: Progressive CFO John Sauerland announced retirement after a 35‑year tenure — a material leadership change that may create short-term uncertainty about financial stewardship and succession, though management has a long track record at the company. CFO Retirement

Wall Street Analyst Weigh In

A number of research firms have weighed in on PGR. HSBC cut Progressive from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Piper Sandler reaffirmed an “overweight” rating and set a $259.00 price target on shares of Progressive in a report on Monday, March 2nd. Bank of America lowered their price objective on shares of Progressive from $315.00 to $308.00 and set a “buy” rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods boosted their price objective on shares of Progressive from $225.00 to $232.00 and gave the company a “market perform” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Progressive in a research note on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $241.94.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Progressive Company Profile

Progressive Corporation is a large U.S.-based property and casualty insurer that primarily underwrites personal auto insurance along with a broad suite of related products. Its offerings include coverage for private passenger automobiles, commercial auto fleets, motorcycles, boats and recreational vehicles, as well as homeowners, renters, umbrella and other specialty P&C products. Progressive also provides claims handling, risk management and related services to individual and commercial policyholders.

The company distributes its products through a mix of direct channels—online and by phone—and an extensive independent agent network.