Progressive’s chief accounting officer sells shares value $46,241

Marshall Mariann Wojtkun, the Chief Accounting Officer at Progressive Corp (NYSE:PGR), not too long ago offered 191 shares of the corporate’s widespread inventory. The shares have been offered at a mean value of $242.10, totaling roughly $46,241. Following this transaction, Wojtkun retains direct possession of three,981.545 shares. Moreover, Wojtkun holds 8,200.91 shares not directly by means of a 401(ok) plan. This transaction was a part of a pre-arranged 10b5-1 buying and selling plan established on August 19, 2024.

In different latest information, Progressive Corp. has been a focus of latest analyst studies. Raymond (NS:RYMD) James upgraded Progressive’s inventory ranking from Market Carry out to Outperform, with a constructive outlook on the corporate’s progress prospects. The agency additionally anticipates Progressive to steer in policy-in-force progress and obtain better-than-target mixed ratios. BMO Capital maintained its Outperform ranking on Progressive, regardless of trimming its value goal from $273 to $267. This adjustment adopted a rebound in Progressive’s efficiency, attributed to raised core loss ratios and lowered estimated losses from Hurricanes Helene and Milton.

Progressive Corp. reported spectacular monetary outcomes for November, with an 18% improve in web premiums written, reaching $5.56 billion. Internet premiums earned rose to $6.04 billion, up 19% from the earlier 12 months. The corporate’s web earnings surged by 48% to $1.01 billion, whereas earnings per share grew from $1.15 to $1.71. Progressive’s mixed ratio, a key profitability measure, improved from 91.1% to 85.6%.

In different firm information, fellow insurance coverage firms GEICO and Vacationers (NYSE:TRV) confronted fines totaling $11.3 million for insufficient cybersecurity measures. These latest developments present buyers with a complete view of Progressive’s efficiency and the broader insurance coverage trade panorama.

This text was generated with the help of AI and reviewed by an editor. For extra info see our T&C.