GR) announces a quarterly dividend of $0.10 per common share.The Progressive Corporation (NYSEGR) is a significant entity in the insurance sector, known for its extensive range of services. As the second largest personal auto insurer in the U.S., Progressive also excels in commercial auto, motorcycle, and boat insurance. It ranks among the top 15 homeowners insurance carriers. Founded in 1937, Progressive is recognized for its innovative tools like Name Your Price\u00ae, Snapshot\u00ae, and HomeQuote Explorer\u00ae.
Progressive has declared a quarterly dividend of $0.10 per common share, payable on April 11, 2025, to shareholders recorded by April 3, 2025. This announcement comes amidst notable insider trading activities. On March 6, 2025, Jonathan S. Bauer, Progressive's Chief Investment Officer, sold 1,227 shares at $281 each, leaving him with 28,393 shares.
Similarly, Callahan Patrick K, the Personal Lines President, sold 4,669 shares at approximately $279.70 each, retaining 15,190.525 shares. These transactions are detailed in the official SEC filing. Such insider activities can sometimes influence investor sentiment, especially when they occur close to dividend announcements.
Currently, PGR's stock price is $275.54, marking a 1.13% decrease or $3.16 drop. The stock has fluctuated between $273.52 and $278.44 today. Over the past year, PGR has seen a high of $287.49 and a low of $195.57. The company's market capitalization is approximately $161.52 billion, with a trading volume of 2,079,711 shares on the NYSE.
