Progressive Corp’s filing revealed that its VP and Chief Financial Officer Sauerland John P unloaded Company’s shares for reported $2.69 million on Apr 28 ’25. In the deal valued at $268.59 per share,10,000 shares were sold. As a result of this transaction, Sauerland John P now holds 248,024 shares worth roughly $70.94 million.
Then, Sauerland John P bought 10,000 shares, generating $2,685,900 in total proceeds.
Before that, Sauerland John P sold 10,000 shares. Progressive Corp shares valued at $2,759,400 were divested by the VP and Chief Financial Officer at a price of $275.94 per share. As a result of the transaction, Sauerland John P now holds 258,024 shares, worth roughly $73.8 million.
BofA Securities upgraded its Progressive Corp [PGR] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in mid April from “an Outperform” to “a Mkt perform”. BofA Securities also remained covering PGR and has decreased its forecast on April 04, 2025 with a “Neutral” recommendation from previously “Buy” rating. Raymond James revised its rating on December 26, 2024. It rated PGR as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of PGR
On Friday, Progressive Corp [NYSE:PGR] saw its stock jump 1.74% to $286.03. Over the last five days, the stock has gained 0.53%. Progressive Corp shares have risen nearly 21.62% since the year began. Nevertheless, the stocks have risen 36.38% 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 $276.07, while 200 days put it at $256.33.
Levels Of Support And Resistance For PGR Stock
The 24-hour chart illustrates a support level at 282.51, which if violated will result in even more drops to 278.99. On the upside, there is a resistance level at 287.84. A further resistance level may holdings at 289.65. The Relative Strength Index (RSI) on the 14-day chart is 58.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.18%. Stochastics %K at 75.79% indicates the stock is a holding.
