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EdgarHawk

Callahan Patrick K

Personal Lines President

Officer
7 filings analyzed · 1 company · Latest 2025-09-22

Companies

Company Buys Sells Direction
PROGRESSIVE CORP/OH/ PGR 0 7 Net selling

Activity

September 2025
2025-09-22 PROGRESSIVE CORP/OH/ PGR
low
Sell
6,420 shares
$1,555,041
Significance 4/10

Callahan sold 6,420 PGR shares at $242.22 (−29.7% of holdings); stock down 17.2% from 52-week high, prior trades mixed at this ticker.

Callahan Patrick K, Personal Lines President at Progressive, sold 6,420 shares (29.7% reduction) on 2025-09-19 at $242.22, leaving holdings at 15,191 shares. The stock is currently $241.15, down 17.2% from its 52-week high of $291.22 and off 3.2% over 30 days. His cross-ticker track record shows modest gains post-sell (avg 90d return +6.2%, 20% well-timed rate), but his same-ticker history at PGR is mixed: 1 of 5 prior sells were well-timed at the 90-day mark, with outcomes ranging from −7.9% to +8.6% over 30 days. The stock's current weakness (17.2% below 52-week high) and his material reduction in PGR holdings warrant observation of whether this trade marks a directional shift or is routine portfolio management.

August 2025
2025-08-25 PROGRESSIVE CORP/OH/ PGR
medium
Sell
6,232 shares
$1,557,749
Significance 5/10

Personal Lines President Patrick K Callahan sold 6,232 shares of PGR at $249.96 for $1,557,748.85

Patrick K Callahan sold 6,232 shares at $249.96 on 2025-08-22, reducing his holdings by 22.4% to 21,611 shares remaining. At the current price of $244.09, the stock is -16.2% from its 52-week high and has declined 12.4% over the past 90 days. His prior trades at PGR show mixed timing outcomes: of 4 prior measurable sells at this ticker, only 1 was well-timed at the 90-day mark, with returns ranging from -7.9% to +17.3%. His cross-ticker track record across 6 prior sells shows an average 90-day return of +6.2% with a 20.00% well-timed rate, suggesting inconsistent execution in avoiding downturns. The company fundamentals remain solid with $22.0B in quarterly revenue and 21.4% annual revenue growth, and the P/E of 13.71 is moderate, providing context that this sale occurs within a stable operating environment rather than amid obvious operational distress.

July 2025
2025-07-30 PROGRESSIVE CORP/OH/ PGR
medium
Sell
6,232 shares
$1,509,139
Significance 5/10

Personal Lines President Patrick K Callahan sold 6,232 shares of PGR at $242.16 for $1,509,139.25; holding now 27,843 shares.

Callahan sold 6,232 shares (18.3% of his pre-transaction 34,075-share position) at $242.16 on 2025-07-28, reducing his stake to 27,843 shares. The sale occurs amid a decline in PGR: the stock is -17.0% from its 52-week high of $291.22, down 9.4% over the past 30 days and 13.0% over 90 days. His cross-ticker track record shows mixed timing outcomes (90d well-timed rate 20.00%), but at PGR specifically, his prior five sales have yielded only one well-timed outcome at the 90-day mark—a pattern of generally poor timing at this ticker despite positive 90d returns on four of five prior sales. Progressive itself remains fundamentally solid: $20.4B in latest quarterly revenue, $2.6B net income, +21.4% annual revenue growth, and a 16.25 P/E valuation.

March 2025
2025-03-10 PROGRESSIVE CORP/OH/ PGR
low
Sell
4,669 shares
$1,305,935
Significance 4/10

Personal Lines President Callahan Patrick K sold 4,669 shares of PGR at $279.70; stock up 11.2% in 30 days.

Callahan Patrick K sold 4,669 shares (23.5% of his pre-transaction holding) at $279.70 on 2025-03-06, reducing his position from 19,859 to 15,190 shares. The sale occurred with PGR trading near 52-week highs (currently $278.69, just 2.2% below the $285.08 peak) and following strong recent momentum: +11.2% over 30 days and +12.7% over 90 days. Across his cross-ticker history, Callahan's prior 4 sells averaged +6.3% 30-day returns and +7.5% 90-day returns, with only 25.00% well-timed at the 90-day mark. At PGR specifically, 1 of his 4 prior sales was well-timed (negative 90-day return); the other three saw gains ranging from +7.7% to +10.9% over 90 days, suggesting his historical PGR timing has been weak. PGR fundamentals remain solid: $19.7B revenue, $2.3B net income, +21.4% annual revenue growth, and a P/E of 12.87.

September 2024
2024-09-23 PROGRESSIVE CORP/OH/ PGR
medium
Sell
7,696 shares
$1,964,096
Significance 5/10

PGR Personal Lines President Callahan sold 7.7K shares at $255.21; holdings fell 33.6%. Stock +6.8% in 30 days; prior PGR sells yielded +7.7%, +10.9%, +8.1% returns post-trade.

Callahan Patrick K sold 7,696 shares for $1,964,096.16, reducing his holdings from 22,885 to 15,189 shares on September 20, 2024. The transaction occurred near the 52-week high of $259.24 (current price $257.60 is -0.6% from peak), suggesting execution near cyclical strength. Reviewing his same-ticker history at PGR, his three prior sales on 2024-08-16, 2024-07-22, and 2024-02-21 were followed by positive 30-day and 90-day returns of +7.7%, +10.9%, and +8.1% respectively, indicating that stocks generally advanced after his prior PGR sales rather than declined. The current sale follows a 30-day rally of +6.8% and a 90-day surge of +23.7%, extending a strong run. While Progressive's fundamentals remain solid—$18.1B quarterly revenue, $1.5B net income, and +25.2% annual revenue growth—the timing pattern suggests this sale may align more with portfolio rebalancing after substantial gains rather than a forward-looking bearish signal.

August 2024
2024-08-20 PROGRESSIVE CORP/OH/ PGR
low
Sell
7,697 shares
$1,825,728
Significance 4/10

Progressive Personal Lines President Callahan sold 7.7K shares at $237.20 on 2024-08-16 (-25.2% of holdings)

Callahan Patrick K, Personal Lines President, sold 7,697 shares at $237.20 on 2024-08-16, reducing his holdings from 30,582 shares to 22,885 shares (a -25.2% reduction). The sale occurred at a price near the current level of $238.75, which sits at the 52-week high of $238.75, and the stock has appreciated 8.8% over the prior 30 days and 15.7% over the prior 90 days. At his same ticker (PGR), his prior sell on 2024-02-21 generated a 90-day return of +10.0% (poorly timed, as the stock rose after), and his cross-ticker track record shows a 0.00% well-timed rate across 2 prior sells with an average 90-day return of +10.0%, indicating a pattern of selling into rising markets rather than ahead of declines. The company posted $18.1B in revenue with net income of $1.5B, annual revenue growth of +25.2%, and a P/E of 20.27, suggesting the stock is trading at a premium valuation amid strong fundamentals. The timing of this sale near the 52-week high and the recent strong price momentum, combined with his historical tendency to sell into strength, are the primary context for this filing.

July 2024
2024-07-24 PROGRESSIVE CORP/OH/ PGR
low
Sell
7,930 shares
$1,697,099
Significance 3/10

Callahan Patrick K sells 7,930 PGR shares at $214.01; reduces holdings 20.6% to 30,582 shares.

Callahan Patrick K, Personal Lines President, sold 7,930 shares of Progressive for $1,697,099.30 on 2024-07-22 at $214.01, reducing his stake from 38,512 to 30,582 shares—a 20.6% reduction in holdings. The current price of $215.44 sits only 4.0% below the 52-week high of $224.53, suggesting the sale occurred near peak valuation levels. However, his cross-ticker track record shows 0.00% well-timed sales rate (0 of 1 prior sells resulted in stock declines), and his prior sale at PGR on 2024-02-21 produced a 90-day return of +10.0%, indicating poorly timed exits. The stock's 30-day and 90-day gains of +2.3% and +2.6% respectively show continued strength since this transaction, providing no directional signal of material concern.

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