Progressive Corp’s recent filing unveils that its VP and Chief Financial Officer Sauerland John P unloaded Company’s shares for reported $2.76 million on Mar 28 ’25. In the deal valued at $275.94 per share,10,000 shares were sold. As a result of this transaction, Sauerland John P now holds 258,024 shares worth roughly $68.4 million.
Then, Sauerland John P bought 10,000 shares, generating $2,759,400 in total proceeds.
Before that, Johnson Devin C sold 400 shares. Progressive Corp shares valued at $110,016 were divested by the Director at a price of $275.04 per share. As a result of the transaction, Johnson Devin C now holds 8,370 shares, worth roughly $2.22 million.
Keefe Bruyette downgraded its Progressive Corp [PGR] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Neutral”. Raymond James also remained covering PGR and has increased its forecast on December 26, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. HSBC Securities revised its rating on December 10, 2024. It rated PGR as “a Hold” which previously was an “a Buy”.
Price Performance Review of PGR
On Tuesday, Progressive Corp [NYSE:PGR] saw its stock jump 2.98% to $265.08. Over the last five days, the stock has lost -4.84%. Progressive Corp shares have risen nearly 12.71% since the year began. Nevertheless, the stocks have risen 28.76% over the past one year. While a 52-week high of $292.99 was reached on 03/17/25, a 52-week low of $197.62 was recorded on 01/13/25. SMA at 50 days reached $273.28, while 200 days put it at $250.58.
Levels Of Support And Resistance For PGR Stock
The 24-hour chart illustrates a support level at 260.59, which if violated will result in even more drops to 256.11. On the upside, there is a resistance level at 267.71. A further resistance level may holdings at 270.34. The Relative Strength Index (RSI) on the 14-day chart is 45.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.19%. Stochastics %K at 35.00% indicates the stock is a holding.
How much short interest is there in Progressive Corp?
A steep rise in short interest was recorded in Progressive Corp stocks on 2025-03-31, dropping by -0.58 million shares to a total of 5.89 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 6.47 million shares. There was a decline of -9.89%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 05, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $367 price target.
