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Tag: progressive

  • Illinois Municipal Retirement Fund Purchases 23,833 Shares of The Progressive Corporation $PGR

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    Illinois Municipal Retirement Fund grew its holdings in shares of The Progressive Corporation (NYSE:PGRFree Report) by 30.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,778 shares of the insurance provider’s stock after buying an additional 23,833 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Progressive were worth $25,381,000 at the end of the most recent reporting period.

    Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CVA Family Office LLC raised its position in Progressive by 4.2% in the 2nd quarter. CVA Family Office LLC now owns 1,053 shares of the insurance provider’s stock valued at $281,000 after buying an additional 42 shares during the last quarter. Bell Investment Advisors Inc grew its stake in shares of Progressive by 20.8% in the 2nd quarter. Bell Investment Advisors Inc now owns 256 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 44 shares in the last quarter. Maia Wealth LLC raised its holdings in shares of Progressive by 5.4% in the second quarter. Maia Wealth LLC now owns 857 shares of the insurance provider’s stock valued at $229,000 after purchasing an additional 44 shares during the last quarter. Trail Ridge Investment Advisors LLC lifted its position in shares of Progressive by 1.6% during the second quarter. Trail Ridge Investment Advisors LLC now owns 2,906 shares of the insurance provider’s stock valued at $775,000 after purchasing an additional 45 shares in the last quarter. Finally, Selective Wealth Management Inc. boosted its holdings in Progressive by 2.1% during the third quarter. Selective Wealth Management Inc. now owns 2,207 shares of the insurance provider’s stock worth $538,000 after purchasing an additional 45 shares during the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors.

    Wall Street Analysts Forecast Growth

    Several research firms have commented on PGR. JPMorgan Chase & Co. decreased their price objective on shares of Progressive from $303.00 to $275.00 and set an “overweight” rating for the company in a research note on Wednesday, January 7th. UBS Group set a $226.00 price objective on Progressive in a research report on Monday, February 2nd. Keefe, Bruyette & Woods decreased their target price on Progressive from $252.00 to $225.00 and set a “market perform” rating for the company in a research report on Friday, January 30th. Jefferies Financial Group set a $216.00 price target on shares of Progressive in a report on Wednesday. Finally, Evercore decreased their price objective on shares of Progressive from $250.00 to $237.00 and set an “in-line” rating for the company in a report on Wednesday, January 7th. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $250.35.

    Check Out Our Latest Analysis on PGR

    Progressive Price Performance

    PGR opened at $208.40 on Thursday. The firm has a 50-day moving average price of $215.77 and a 200-day moving average price of $228.41. The Progressive Corporation has a twelve month low of $197.92 and a twelve month high of $292.99. The company has a quick ratio of 0.29, a current ratio of 0.38 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $122.20 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 7.09 and a beta of 0.32.

    Progressive Announces Dividend

    The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, January 2nd. Progressive’s payout ratio is presently 2.08%.

    Insider Buying and Selling

    In other news, CFO John P. Sauerland sold 5,000 shares of the stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $228.48, for a total value of $1,142,400.00. Following the sale, the chief financial officer directly owned 223,024 shares of the company’s stock, valued at approximately $50,956,523.52. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven Broz sold 1,344 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $224.80, for a total transaction of $302,131.20. Following the transaction, the insider directly owned 26,354 shares of the company’s stock, valued at approximately $5,924,379.20. This represents a 4.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 12,443 shares of company stock valued at $2,723,061. Corporate insiders own 0.34% of the company’s stock.

    Progressive Company Profile

    (Free Report)

    Progressive Corporation is a large U.S.-based property and casualty insurer that primarily underwrites personal auto insurance along with a broad suite of related products. Its offerings include coverage for private passenger automobiles, commercial auto fleets, motorcycles, boats and recreational vehicles, as well as homeowners, renters, umbrella and other specialty P&C products. Progressive also provides claims handling, risk management and related services to individual and commercial policyholders.

    The company distributes its products through a mix of direct channels—online and by phone—and an extensive independent agent network.

    Read More

    Want to see what other hedge funds are holding PGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Progressive Corporation (NYSE:PGRFree Report).

    Institutional Ownership by Quarter for Progressive (NYSE:PGR)



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  • Column: Kamala Harris won’t cure what ails the Democratic Party

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    William Henry Harrison, the ninth president of the United States, was the last commander in chief born a British subject and the first member of the Whig Party to win the White House. He delivered the longest inaugural address in history, nearly two hours, and had the shortest presidency, being the first sitting president to die in office, just 31 days into his term.

    Oh, there is one more bit of trivia about the man who gave us the slogan “Tippecanoe and Tyler Too.” Harrison was the last politician to lose his first presidential election and then win the next one (Thomas Jefferson and Andrew Jackson managed that before him). Richard Nixon lost only to win way down the road. (Grover Cleveland and Trump are the only two to win, lose and then win again.)

    Everyone else since Harrison’s era who lost on the first try and ran again in the next election lost again. Democrat Adlai Stevenson and Republican Thomas Dewey ran twice and lost twice. Henry Clay and William Jennings Bryan each ran three times in a row and lost (Clay ran on three different party tickets). Voters, it seems, don’t like losers.

    These are not encouraging results for Kamala Harris, who announced last week she will not be running for governor in California, sparking speculation that she wants another go at the White House.

    But history isn’t what she should worry about. It’s the here and now. The Democratic Party is wildly unpopular. It’s net favorability ( 30 points) is nearly triple the GOP’s (11 points). The Democratic Party is more unpopular than any time in the last 35 years. When Donald Trump’s unpopularity with Democrats should be having the opposite effect, 63% of Americans have an unfavorable view of the party.

    Why? Because Democrats are mad at their own party — both for losing to Trump and for failing to provide much of an obstacle to him now that he’s in office. As my Dispatch colleague Nick Cattogio puts it, “Even Democrats have learned to hate Democrats.”

    It’s not all Harris’ fault. Indeed, the lion’s share of the blame goes to Joe Biden and the coterie of enablers who encouraged him to run again.

    Harris’ dilemma is that she symbolizes Democratic discontent with the party. That discontent isn’t monolithic. For progressives, the objection is that Democrats aren’t fighting hard enough. For the more centrist wing of the party, the problem is the Democrats are fighting for the wrong things, having lurched too far left on culture war and identity politics. Uniting both factions is visceral desire to win. That’s awkward for a politician best known for losing.

    Almost the only reason Harris was positioned to be the nominee in 2024 was that she was a diversity pick. Biden was explicit that he would pick a woman and, later, an African American running mate. And the same dynamic made it impossible to sideline her when Biden withdrew.

    Of course, most Democrats don’t see her race and gender as a problem, and in the abstract they shouldn’t. Indeed, every VP pick is a diversity pick, including the white guys. Running mates are chosen to appeal to some part of a coalition.

    So Harris’ problem isn’t her race or sex; it’s her inability to appeal to voters in a way that expands the Democratic coalition. For Democrats to win, they need someone who can flip Trump voters. She didn’t lose because of low Democratic turnout, she lost because she’s uncompelling to a changing electorate.

    Her gauzy, often gaseous, rhetoric made her sound like a dean of students at a small liberal arts college. With the exception of reproductive rights, her convictions sounded like they were crafted by focus groups, at a time when voters craved authenticity. Worse, Harris acquiesced to Biden’s insistence she not distance herself from him.

    Such clubby deference to the establishment combined with boilerplate pandering to progressive constituencies — learned from years of San Francisco and California politics — makes her the perfect solution to a problem that doesn’t exist.

    Her choice to appear on Stephen Colbert’s “The Late Show” for her first interview since leaving office was telling. CBS recently announced it was terminating both Colbert and the show, insisting it was purely a business decision. But the reason for the broadcast network’s decision stemmed in part from the fact that Colbert narrow-casts his expensive show to a very small, very anti-Trump slice of the electorate.

    “I don’t want to go back into the system. I think it’s broken,” Harris lamented to Colbert, decrying the “naïve” and “feckless” lack of “leadership” and the “capitulation” of those who “consider themselves to be guardians of our system and our democracy.”

    That’s all catnip to Colbert’s ideologically committed audience. But that’s not the audience Democrats need to win. And that’s why, if Democrats nominate her again, she’ll probably go down in history as an answer to a trivia question. And it won’t be “Who was the 48th president of the United States?”

    @JonahDispatch

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    L.A. Times Insights delivers AI-generated analysis on Voices content to offer all points of view. Insights does not appear on any news articles.

    Perspectives

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    Ideas expressed in the piece

    • The Democratic Party faces historic unpopularity, with a net favorability 30 points lower than Republicans, driven by widespread dissatisfaction among its own base over losses to Trump and perceived ineffectiveness in opposing his policies[1].
    • Kamala Harris’ political challenges stem from internal Democratic factions: progressives blame her for insufficient fight while centrists view her as emblematic of leftward shifts on cultural issues, both detractors united by a desire to win[1].
    • Harris’s VP selection was viewed as a diversity-driven symbolic gesture by Biden, limiting her ability to build broader appeal beyond traditional Democratic coalitions, as seen in her 2024 loss[1].
    • Her communication style is criticized as overly generic and focus-group-driven, lacking authenticity required to attract Trump voters, while her ties to Biden and reluctance to distance herself from his leadership are seen as electoral liabilities[1].
    • Historical precedents suggest candidates who lose once rarely regain viability in subsequent elections, with Harris’ potential 2028 bid viewed skeptically in light of this pattern[1].
    • Democratic messaging under Harris risks pandering to niche progressive audiences (e.g., her Colbert interview appeal) rather than expanding outreach to swing voters, exacerbating perceptions of elitism[1].

    Different views on the topic

    • Harris remains a strong potential front-runner in the 2026 California governor’s race, with analysts noting her viability despite a crowded field and lingering questions about Biden’s health influencing her decision-making[1].
    • The Democratic Party is actively reassessing its strategy post-2024, focusing on reconnecting with working-class voters and addressing core issues like affordability and homelessness, suggesting a shift toward pragmatic problem-solving[1].
    • Harris’ announcement to forgo the governor’s race has been interpreted as positioning for a 2028 presidential bid, reflecting her ability to navigate political calculations with long-term ambition[2].
    • Internal criticisms, such as Antonio Villaraigosa’s demand for transparency on Biden’s health, reflect broader party debates about leadership accountability rather than a rejection of Harris’ Senate or VP legacy[1].
    • Other rising Democratic voices, like Rep. Alexandria Ocasio-Cortez and Gov. Tim Walz, embody alternatives to Harris’ messaging, indicating the party’s capacity to diversify leadership beyond established figures[2].

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    Jonah Goldberg

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  • What are my voting rights? Check this list before heading to the polls

    What are my voting rights? Check this list before heading to the polls

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    *** lot of work is being done to make sure you’re safe at the polls and that the election process isn’t interrupted. And two important things to know if you’re voting in person this year, if there are long lines and polls close while you’re still in line, stay in line, you have *** right to vote and election officials will outline *** plan. And if you make *** mistake on your ballot, you can ask for *** new one and start over head to our app or our website and check out the commitment 2024 section for information on your local and national races, ballot issues and information on how to vote and join our news teams on election night for information and results as we learn that, thank you for joining us.

    Know your rights: Essential things to know before voting at the polls

    Did you make a mistake on your ballot or do you need accommodations?

    A number of laws protect voters as they play their part in our democracy, so they can cast their vote confidently. Before heading to the polls on Election Day, here are the rights you need to know that protect you by law:If the polls close while you’re still in line, stay in line. You have the right to vote. If you make a mistake on your ballot, you can ask a poll worker for a new one. If the machines are down at your polling place, you can ask for a paper ballot.If you are registered to vote but your name is not listed in the poll book, you are still entitled to a provisional ballot. Your ballot will be held separately from the regular ballots until an election official determines whether you are qualified to vote and are registered. If you meet those requirements, they will count your provisional ballot.If you are a voter with a disability and need accommodations, all polling places for federal elections must be fully accessible. Voters with disabilities and those unable to read or write can choose a person to assist in all aspects of the voting process except if the assistant is the voter’s employer or union. If you have difficulty reading or writing English, you can ask for assistance. Certain jurisdictions, determined by the Census Bureau, must provide all election information that is available in English in the covered minority language. The election process must be equally accessible in the minority language as it is in English. It is illegal to intimidate, threaten or coerce someone from voting or attempting to vote, as well as people who are urging or helping others to vote. How can I report a violation? To report a possible civil rights violation, you can report it to the Civil Rights Division online at civilrights.justice.gov or by phone at 800-251-3931.To report possible federal crimes, including potential threats against voters, election officials, or election fraud, you can contact the FBI either online at tips.fbi.gov or by phone at 800-CALL-FBI.This segment is part of a half-hour news special called Commitment 2024: Get the Facts. The special helps voters get the facts on the voting process and debunks election-related disinformation that could surface in the final hours before Election Day. To watch the full special, check your local listing for air dates or watch on the Very Local app.

    A number of laws protect voters as they play their part in our democracy, so they can cast their vote confidently.

    Before heading to the polls on Election Day, here are the rights you need to know that protect you by law:

    1. If the polls close while you’re still in line, stay in line. You have the right to vote.
    2. If you make a mistake on your ballot, you can ask a poll worker for a new one.
    3. If the machines are down at your polling place, you can ask for a paper ballot.
    4. If you are registered to vote but your name is not listed in the poll book, you are still entitled to a provisional ballot. Your ballot will be held separately from the regular ballots until an election official determines whether you are qualified to vote and are registered. If you meet those requirements, they will count your provisional ballot.
    5. If you are a voter with a disability and need accommodations, all polling places for federal elections must be fully accessible. Voters with disabilities and those unable to read or write can choose a person to assist in all aspects of the voting process except if the assistant is the voter’s employer or union.
    6. If you have difficulty reading or writing English, you can ask for assistance. Certain jurisdictions, determined by the Census Bureau, must provide all election information that is available in English in the covered minority language. The election process must be equally accessible in the minority language as it is in English.
    7. It is illegal to intimidate, threaten or coerce someone from voting or attempting to vote, as well as people who are urging or helping others to vote.

    How can I report a violation?

    To report a possible civil rights violation, you can report it to the Civil Rights Division online at civilrights.justice.gov or by phone at 800-251-3931.

    To report possible federal crimes, including potential threats against voters, election officials, or election fraud, you can contact the FBI either online at tips.fbi.gov or by phone at 800-CALL-FBI.

    This segment is part of a half-hour news special called Commitment 2024: Get the Facts. The special helps voters get the facts on the voting process and debunks election-related disinformation that could surface in the final hours before Election Day.

    To watch the full special, check your local listing for air dates or watch on the Very Local app.

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  • Archie Bunker couldn't exist today. That's why we need him more than ever

    Archie Bunker couldn't exist today. That's why we need him more than ever

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    “Archie Bunker couldn’t exist today.”

    It’s a refrain that’s landed in my inbox more than once since the death of “All in the Family” creator Norman Lear on Tuesday. The indelible character at the center of his half-hour comedy was most certainly the product of another time, but the reasons why folks believe the cantankerous, middle-aged font of grievances played by Carroll O’Connor would never make it on 21st century screens vary depending on their politics.

    “The woke left would never allow a show like ‘All in the Family’ on the air now,” one of our readers wrote to me in an email. On the left, though, the common refrain is, “Why bother?” The right, they believe, would side with Archie while proclaiming that the show’s lampooning portrayal was just another example of liberal media bias.

    But we need a common space like “All in the Family” today more than ever.

    When Lear introduced the crass, unabashed bigot Archie to CBS prime-time audiences in 1971, he challenged the traditional treatment of conflict in a family sitcom by swapping out tame issues — “Beaver sent a baseball through the neighbor’s window!” “Jan is having another middle-child crisis!” — with debates about topical and often thorny issues. In his thick Queens, N.Y., accent, Archie endlessly grumbled about why the country was going down the “turlet”: Long-haired “idiots” opposing the Vietnam War. “Coloreds” (he also used worse words) moving into his neighborhood. “Loudmouth” feminists. Commies. Queers.

    Even at the time, viewers on both sides of the political spectrum were shocked by the show’s candor. Progressives were disgusted by Archie’s racist, sexist rants. Conservatives saw him as a truth-teller who exemplified the ways in which Hollywood poked fun at dying American values. CBS foresaw the controversy and ran a disclaimer before the show aired: “The program you are about to see is ‘All in the Family.’ It seeks to throw a humorous spotlight on our frailties, prejudices, and concerns. By making them a source of laughter we hope to show, in a mature fashion, just how absurd they are.”

    It’s that sort of dialogue that Lear relished, which is why more than 50 years ago he dropped his show into the crosshairs of a culture war, at the dawn of a new decade. “All in the Family” offered a window into America’s fears and divisions via one cramped household where the intensity always seemed to be dialed to 11. Archie’s son-in-law Michael (Rob Reiner) represented a wily, progressive changing of the guard. Wife Edith (Jean Stapleton) was the low-information, neutral voter. Edith’s cousin Maude (Bea Arthur) brought in a feminist perspective, and Black neighbor George Jefferson (Sherman Hemsley) schooled Archie on bigotry, often through his own disdain for “honkeys.”

    The argument over what Archie represents continues, now on social media and anywhere else warring factions in this divided nation scream at each other from the comfort of their respective silos. But if the show were made today, it’s easy to imagine Bunker’s laundry list of resentments — The Great Replacement, woke corporations, transgender athletes, electric stoves. In other words, it would sound like a half-hour in prime time on the Fox News Channel. He might defend his hateful screeds with a line that’s now used quite often by professional agitators: “I’m just saying what most people believe but are too cowardly to admit.”

    The idea of gathering red and blue state viewers in one shared space now seems about as likely as Rachel Maddow and Tucker Carlson breaking bread. Back in March of 1972, it was reported that 60% of all television sets in America were tuned to “All in the Family” at 8 p.m. every Saturday. That meant that 50 million to 60 million viewers were watching in real time, and arguing it out the next morning around the water cooler, generating praise and protestations from progressives and conservatives alike.

    People saw what they wanted in Bunker: a straight-talking everyman who represented the end of a great era, a post-civil rights racist whose time was up, or a thought-provoking combination of both. Even President Nixon was conflicted about the series. He was captured on an audio recording saying that he identified with the “hard hat” Archie, but complained that the show introduced “handsome” gay characters when he was watching, thereby glorifying homosexuality. “You know what happened to the Greeks. Homosexuality destroyed them.”

    Today’s infinite-channel universe has atomized the TV audience, as has the tribal nature of the internet, partisan podcasts and fragmentation of the media in general. The idea of having a “national conversation” about anything is laughable. But the real-world consequence of such division isn’t as funny. Polarization has contributed to a lack of faith in leadership, mistrust in one another, and Washington’s inability to get much of anything done.

    We could use “All in the Family” now, or another common playing field where the issues of the day are debated with candor, perhaps wrapped in a cocoon of humor to make it all feel a little less dangerous. Bunker’s lamenting of a golden yesteryear when “girls were girls and men were men” wasn’t a truth-telling moment. It was an opportunity for Americans to debate bigger, more fraught issues within the safety of a weekly sitcom. Those were the days.

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    Lorraine Ali

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  • DNB Asset Management AS Has $18.34 Million Position in The Progressive Co. (NYSE:PGR)

    DNB Asset Management AS Has $18.34 Million Position in The Progressive Co. (NYSE:PGR)

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    DNB Asset Management AS reduced its stake in The Progressive Co. (NYSE:PGRFree Report) by 7.0% during the second quarter, HoldingsChannel reports. The firm owned 138,534 shares of the insurance provider’s stock after selling 10,435 shares during the quarter. DNB Asset Management AS’s holdings in Progressive were worth $18,338,000 at the end of the most recent reporting period.

    Other hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in Progressive during the 1st quarter worth approximately $31,000. Exos TFP Holdings LLC boosted its position in Progressive by 270.0% during the 1st quarter. Exos TFP Holdings LLC now owns 222 shares of the insurance provider’s stock worth $32,000 after buying an additional 162 shares during the period. Horan Securities Inc. boosted its position in Progressive by 588.6% during the 1st quarter. Horan Securities Inc. now owns 241 shares of the insurance provider’s stock worth $34,000 after buying an additional 206 shares during the period. Neo Ivy Capital Management acquired a new stake in Progressive during the 2nd quarter worth approximately $35,000. Finally, Arlington Partners LLC boosted its position in Progressive by 47.1% during the 1st quarter. Arlington Partners LLC now owns 256 shares of the insurance provider’s stock worth $37,000 after buying an additional 82 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

    Progressive Stock Performance

    NYSE PGR opened at $142.45 on Friday. The company has a fifty day simple moving average of $130.21 and a 200 day simple moving average of $133.60. The Progressive Co. has a 12-month low of $110.04 and a 12-month high of $149.87. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.42. The company has a market cap of $83.38 billion, a P/E ratio of 48.77, a PEG ratio of 1.22 and a beta of 0.47.

    Progressive (NYSE:PGRGet Free Report) last posted its quarterly earnings results on Thursday, July 13th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.38). Progressive had a net margin of 3.12% and a return on equity of 12.02%. The business had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.24 billion. Sell-side analysts predict that The Progressive Co. will post 4.69 earnings per share for the current fiscal year.

    Progressive Announces Dividend

    The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Thursday, October 5th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Wednesday, October 4th. Progressive’s dividend payout ratio is 13.70%.

    Analyst Ratings Changes

    PGR has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded shares of Progressive from a “neutral” rating to an “overweight” rating and set a $146.00 target price on the stock in a research report on Monday, July 17th. Wells Fargo & Company lowered shares of Progressive from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $162.00 to $128.00 in a report on Friday, July 14th. StockNews.com lowered shares of Progressive from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Barclays raised their price target on shares of Progressive from $107.00 to $109.00 and gave the stock an “underweight” rating in a report on Thursday, August 17th. Finally, Raymond James raised their price target on shares of Progressive from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $142.93.

    Read Our Latest Stock Analysis on Progressive

    Insiders Place Their Bets

    In other Progressive news, insider Andrew J. Quigg sold 5,070 shares of Progressive stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $127.50, for a total transaction of $646,425.00. Following the transaction, the insider now directly owns 20,816 shares of the company’s stock, valued at approximately $2,654,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Progressive news, insider Daniel P. Mascaro sold 1,570 shares of Progressive stock in a transaction on Monday, September 18th. The shares were sold at an average price of $140.39, for a total transaction of $220,412.30. Following the transaction, the insider now directly owns 31,706 shares of the company’s stock, valued at approximately $4,451,205.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew J. Quigg sold 5,070 shares of Progressive stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $127.50, for a total transaction of $646,425.00. Following the transaction, the insider now directly owns 20,816 shares in the company, valued at $2,654,040. The disclosure for this sale can be found here. Insiders have sold 76,371 shares of company stock valued at $10,046,656 in the last three months. 0.34% of the stock is currently owned by insiders.

    Progressive Company Profile

    (Free Report)

    The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.

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    Want to see what other hedge funds are holding PGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Progressive Co. (NYSE:PGRFree Report).

    Institutional Ownership by Quarter for Progressive (NYSE:PGR)

    Receive News & Ratings for Progressive Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Progressive and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • “We Don’t Know How Long We Have”: Minnesota Democrats Are Passing as Many Progressive Laws as They Can

    “We Don’t Know How Long We Have”: Minnesota Democrats Are Passing as Many Progressive Laws as They Can

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    As soon as Minnesota Democrats secured both the governorship and majorities in the state House and Senate last November, Tim Walz huddled with his party leaders to map out an aggressive agenda. During his first term as governor, Walz had struggled with a divided state government; this time, the now 59-year-old former Congress member was intent on not letting the hard-won political trifecta go to waste. “We’ve seen that our politics has been one of ‘what can’t be done,’” Walz said in an interview with Vanity Fair—that was about to change. Minnesota House Speaker Melissa Hortman said Democrats’ attitude headed into 2023 was “LFG”—“let’s fucking go.”

    In January, Democrats pinned two giant poster boards emblazoned with the party’s top 30 bills to a wall in Democrats’ state House caucus room. They played DJ Khaled’s “All I Do Is Win” anytime a lawmaker checked off a bill on the list that had passed. In the past six months, they reinforced the constitutional right to abortion in the state; legalized recreational marijuana; created a paid family and medical leave program; expanded gun control regulations—including broadening background checks and enacting a red flag law—restored voting rights to formerly incarcerated felons; made school breakfast and lunch free for all students in kindergarten through 12th grade; set a 100% carbon-free standard to be met by utility companies by 2040; protected the rights of unionized workers; increased taxes on corporations and high investment earners; and protected transgender individuals and gender-affirming care. It’s been a tour de force for progressive legislation, particularly in the face of growing conservative extremism in Republican-led states.

    “I’ve got a fellow governor who thinks that a rainbow on a shirt at Target is an existential threat to our country, while at the same time fully ignored COVID and the deaths that it caused,” Walz said, apparently referencing South Dakota governor Kristi Noem. “That’s not good governance.”

    Minnesota does lay claim to progressive giants like Paul Wellstone and Hubert Humphrey; it’s also voted for the Democratic nominee in every presidential election since 1976. But Minnesota can be purplish in hue. Hillary Clinton barely eked out a victory over Donald Trump in the state in 2016, winning Minnesota by less than two percentage points. The Trump team targeted the state as a juicy potential pickup in the candidate’s face-off with Joe Biden in 2020 (though Trump fell quite short). While Minnesota Democrats largely expected to hold on to the governor’s mansion and the majority in the House, state Republicans experienced a surprise upset with the loss of the Senate. The potential expiration date of their trifecta is top of mind for Democrats. With a six-seat majority in the House and just a one-seat majority in the Senate, Minnesota Democrats not only have a slim margin of error to get things passed—but also know they could lose their standing as soon as the next cycle. “We don’t know how long we have. We’ve got the majority right now. We know this is a delicate set of circumstances in Minnesota. We’ve only had one other Democratic trifecta in the last 20 years,” Hortman said.

    Aided by a massive budget surplus of $17.5 billion and existing legislation that was drafted by Democrats but left on ice in the previously divided government, Minnesota has emerged as a somewhat unlikely progressive haven, arguably eclipsing other states that also have Democratic trifectas—like California, New York, and Michigan, among others—in sheer volume of progressive legislation passed this past session.

    This ambitious agenda has unsurprisingly drawn criticism from Republican state lawmakers. “It’s less transparent for the public. Our staff, both partisan and nonpartisan, everyone is feeling that pressure. And I don’t know that that is good,” House minority leader Lisa Demuth told the Star Tribune, regarding the legislative pace. “We need to always pause and do the right thing rather than just the fast thing.”

    Hortman dismissed the criticism; the pace was by design. “You can get into a political environment where, if you give your opponents enough time, they can turn you into a piñata in public and beat the crap outta you for everything that you do,” she said. “We wanted the early wins to create momentum for more wins.” Plus, Republican-led majorities in other states clearly aren’t slowing down; states like Florida, Texas, Ohio, Missouri, Oklahoma, and Montana appear almost in competition to pass the most draconian antiabortion legislation, limitations on trans health care, and conservative agendas on public education, among other red meat policies.

    Congresswoman Ilhan Omar, who previously served in the Minnesota state House, echoed the sentiment. “We also learned a key lesson from the last time we had a trifecta and from Republican obstruction since then: that when you have power, use it,” she told VF. “We in the DFL [Democratic-

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    Abigail Tracy

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  • “They Don’t See Us”: Ayanna Pressley Won’t Let Women Be Ignored by the Republican Majority

    “They Don’t See Us”: Ayanna Pressley Won’t Let Women Be Ignored by the Republican Majority

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    With the GOP gearing up to retake the House majority, the Massechussetts Democrat is angling to protect women’s rights by running for chair of the Democratic Women’s Caucus. “This is not a social club,” Pressley told Vanity Fair. “We are all formidable in our own right.”

    When Ayanna Pressley made her debut on the Beltway, Democrats held a double-digit majority in the House of Representatives. Donald Trump was a perfect foil for Pressley and her progressive compatriots. Their influence only expanded with more insurgent progressive wins in 2020. Plus, Democrats won back the Senate and sent Joe Biden to the White House. But now in the twilight of the 117th Congress, “the Squad”—Pressley, Alexandria Ocasio-Cortez, Rashida Tlaib, Ilhan Omar, alongside newer recruits like Jamaal Bowman and Cori Bush—will soon find themselves in unfamiliar territory: the House minority. This is not lost on Pressley, nor are the stakes. In her words, the House Democratic caucus is at a “critical inflection point” ahead of this shift to come on January 3. Pressley is plotting her next move. 

    After a midterm cycle that showed the power of galvanizing voters who care about women’s reproductive rights, this is where Pressley sees a path forward for progressives. That, and turning attention to the White House. “There’s an opportunity certainly in the next two years to make sure we’re offering a clear affirmation of who Democrats are and part of that is working closely with the White House,” she says in an interview with Vanity Fair. To steward this, Pressley is running to be the chair of the Democratic Women’s Caucus, with the intent to make it as relevant a voting bloc as groups like the Congressional Progressive Caucus and the Congressional Black Caucus—both of which she’s also a member of. And she’s preparing to push back against a Republican House that appears more interested in scoring political points than pushing any kind of policy agenda. “It couldn’t be more clear. The Republican Party of [Kevin] McCarthy and Trump, they don’t have a policy vision—certainly not one that centers women’s families and the most marginalized,” she says. “They don’t see us. They don’t see women,” she continued later in the conversation.

    Pressley pitched herself in a letter to her colleagues at the end of last month. If elected to the chair position, she wrote that she would, “defend women’s issues from the ongoing attacks from those across the aisle,” in the face of the “extremists pose serious threats to the rights of every woman that calls this country home.” She wants the caucus to “be seen as the go-to for women across the board” and to serve as a bulwark against a backlash to women she is bracing for after a historic number were elected to Congress. “It’s always that strange dichotomy,” Pressley said. “[It’s] When we see this wave of women—and none of us are there by magic; we’re there by hard work…. When we see the most coordinated and underlining policy attacks against us.” 

    But Pressley’s bid is part and parcel of progressives, and more broadly, the Democratic Party’s reliance on and recognition of the critical role women—and particularly women of color—play in securing victories up and down the ballot. Her party, Pressley stressed, has to keep serving the interests of this critical voting bloc. “The reason why I’m running is to ensure that our collective voices remain front and center at the policy-making table,” she said. Pressley noted Raphael Warnock’s victory over Herschel Walker in the runoff election for the Georgia Senate seat as evidence of this. “We know the outsized role that Black women continue to play, both as strategy partners and building these coalitions and putting together these winning strategies,” she said the day after Warnock’s victory. “But also in the electorate at the ballot box.”

    “The Squad” moniker can be traced back to a somewhat spontaneous photo taken during new member orientation. The snap of Pressley, Ocasio-Cortez, Tlaib, and Omar tied their political fates together. The group’s outspokenness and the fact that both Pressley and Ocasio-Cortez bested Democratic incumbents in the primaries, put their party’s Old Guard on notice. Their profiles and platforms quickly eclipsed those of the traditional arbiters of political influence in Washington. But the quartet represented something of a sea change within the Democratic Party; they redefined what it meant to be a “progressive” and the résumé required to run for Congress. With their historic victories, the members of “the Squad” paved the way for a new generation of progressives, which only grew this past midterm cycle with the additions of Summer Lee and Maxwell Frost, among others. They shifted the Overton window. In some ways, Pressley was always a bit of an outlier in the group. She largely avoided the type of skirmishes with leadership and rank-and-file members the other three, at various times, found themselves embroiled in. 

    While “the Squad” branding has faded—largely relegated to the right-wing and conservative press—when asked to reflect on those early days of her congressional tenure, in which the group as a collective, became a bigger target of criticism than even Hillary Clinton or Nancy Pelosi, Pressley responded: “My priorities haven’t changed. My convictions and my resolve have only been further emboldened and the issues I’ve led on my entire life are the issues that I’ve continued to work on.” Policy is her “love language” and she has “always just followed the work.” But as she positions herself for life in the minority, where chances at policy will be few and far between, Pressley acknowledged that her outsized platform could aid her effort to thrust the caucus into greater relevance. “I do think that the platform that I have  earned and built up over time, would [serve]  in such a way to increase the reach and the impact and the influence of this caucus,” she said. 

    Pressley isn’t the only “Squad” member to set her sights on a leadership post. Last week, Omar was elected deputy chair of the Congressional Progressive Caucus. Speaking on Monday night, Omar reflected on the approaching shift to the minority. “It is going to be an effort to try to block as much progress as Republicans want to make in the house, even in their messaging bills,” the Minnesota congresswoman said. “I know that with a slim majority, it was challenging—even for Speaker Pelosi.” But this time around, every Squad member, including Pressley, is bringing a lot more legislative expertise to the table. “It was clear from pretty early on when she came to Congress that she had a really deep passion for reproductive rights issues, issues facing women—economic issues and care issues,” a former Capitol Hill staffer said of the Massachusetts Democrat. “And I think the idea of having the Democratic Women’s [Caucus] as more of an organized bloc would be a good one.” 

    Pressley was the first woman of color to serve on the Boston City Council, a perch from which she launched the Healthy Women’s Families and Communities Committee. With her election to Congress, she claimed another first as the first woman of color elected to represent Massachusetts. And in her time on Capitol Hill, protecting and promoting women has been a throughline: she is colead of the Women’s Health Protection Act; she serves on the Pro-Choice Caucus; she has been a leader in the fight for paid leave and maternal health justice; and she is the lead co-sponsor in the fight to abolish the Hyde Amendment, to name a few. “The issues of consequence in this moment are issues that I’ve led on,” she pitched. 

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    Abigail Tracy

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  • Activist Queen Johnson Enters New York 8th Congressional Race to Challenge House Democratic Caucus Chairman

    Activist Queen Johnson Enters New York 8th Congressional Race to Challenge House Democratic Caucus Chairman

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    The activist and non-profit co-founder is ready and determined to make a powerful impact in U.S. Congress.

    Press Release


    Dec 9, 2021

    Democrat Queen Johnson pleased to announce she is officially running for U.S. Congress in New York’s 8th District, against House Democratic Caucus Chairman Hakeem Jeffries.

    Queen Johnson is a community organizer, mutual aid giver, public servant, and human rights activist from Brooklyn, New York. She is a natural-born leader, acting as the Co-Founder and Vice President of a non-profit whose mission is to eradicate suffering by providing support and services to those in need.

    The New York 8th Congressional District makes up the Brooklyn and Queens’ communities of Bedford-Stuyvesant, Brownsville, Canarsie, East New York, Ocean Hill, Spring Creek, East Flatbush, Bergen Beach, Gerritsen Beach, Howard Beach, Marine Park, Mill Basin, Clinton Hill, Flatlands, Fort Greene, Ozone Park, Brighton Beach, and Coney Island.

    “I was born and raised in Brooklyn, New York, by my mother, a working-class single woman who relied on government assistance to make ends meet,” Queen says. “We lived in a public housing development in a low-income, high-crime area. I received my education through New York’s public school system and began protesting at the age of 13, when an NYPD officer shot and killed my neighbor, unarmed 19-year-old Timothy Stansbury.”

    “This was a senseless loss that, unfortunately, is still all too common across America and this issue needs to be addressed,” Queen continues. “Through my student-loan-funded college degree in Economic Analysis, I’ve learned how we can break the cycle of poverty in our community by creating and improving social services to those in need. There’s no reason for citizens to continue becoming statistics and we must fight together to make our lives fundamentally better. My run for U.S. Congress is about protecting and putting the people of Brooklyn and Queens first. Together, we are bigger than the establishment.”

    As a candidate, Queen is running on a progressive platform, some of which is inspired by the ongoing global pandemic.

    “Throughout the pandemic, we have seen the great people of Brooklyn and Queens band together to support our neighbors,” Queen states. “This lengthy time of hardship has certainly been an immense challenge for our people. We’ve seen our loved ones die from this terrible disease – deaths that should never have happened. But, despite these tragedies, we have come together to help one another, show love to those in our community, and build strong relationships to carry us through until the end of the pandemic and beyond. This is my promise to you – to give you the resources, love, and support we all need to not only survive, but also to thrive.”

    “I firmly believe in racial, social and economic justice for everyone,” she added. “It is time to elect a new generation of leaders who will fight to protect everyday people, and I am incredibly proud to lead the way and fight the fight for all everyday people.”

    For more information about Queen Johnson and her platform, please visit http://www.queenforcongress.com.

    About Queen Johnson

    Queen Johnson is a native New Yorker from Brooklyn who has battled poverty, discrimination, racism, broken social support systems, and senseless violence throughout her entire life. Though these experiences may destroy others living in similar situations, Queen has made it her life mission to not only break the cycle for herself and her family, but for those in her community, too.

    Contact Information

    Queen Johnson

    contact@queenforcongress.com

    http://www.queenforcongress.com

    Source: Queen Johnson For Congress

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