On September 27, 2024, Dyke Van, a Director at Progressive Corp (PGR, Financial), executed a sale of 2,180 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now directly owns 13,723 shares of Progressive Corp.
Progressive Corp, known for its insurance solutions, offers a range of services including personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. The company is a leading figure in the insurance industry, providing security and financial protection to millions of customers.
Over the past year, the insider transaction history at Progressive Corp shows a total of 38 insider sells and no insider buys. This recent sale by Dyke Van aligns with the ongoing trend of insider sales at the company.
Shares of Progressive Corp were priced at $252.28 on the day of the sale. The company's market cap is approximately $148.29 billion, reflecting its significant presence in the insurance sector. The price-earnings ratio of Progressive Corp stands at 21.67, which is above both the industry median of 11.44 and the company's historical median.
The stock's valuation, according to the GF Value, is calculated at $183.48, indicating that with a current price of $252.28, Progressive Corp is significantly overvalued with a price-to-GF-Value ratio of 1.37.
The GF Value is derived from historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This sale by the insider may be of interest to current and potential investors, providing insight into insider confidence and perspectives on the company's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
