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.
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