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EdgarHawk

Sauerland John P

VP and Chief Financial Officer

Officer
12 filings analyzed · 1 company · Latest 2025-12-01

Companies

Company Buys Sells Direction
PROGRESSIVE CORP/OH/ PGR 0 12 Net selling

Activity

December 2025
2025-12-01 PROGRESSIVE CORP/OH/ PGR
high
Sell
5,000 shares
$1,142,400
Significance 7/10

CFO Sauerland sold 5,000 PGR shares at $228.48; all 5 prior PGR sales achieved negative 90-day returns

John P Sauerland, VP and CFO, sold 5,000 shares at $228.48 on 2025-11-28, reducing holdings by 2.2% to 223,024 shares. This sale is notable because of a striking timing pattern in his prior PGR activity: his 5 prior trades at this ticker all resulted in negative 90-day returns (ranging from -5.2% to -12.1%), meaning he sold before each subsequent decline. The current transaction occurs at $228.48 while the stock trades at $227.82, putting it 21.8% below its 52-week high of $291.22 after a 90-day decline of 7.3%. PGR remains fundamentally strong with $22.5B in quarterly revenue, $2.6B net income, 21.4% annual revenue growth, and a P/E of 12.47. The consistency of his prior well-timed sells at this ticker—100% success rate over 5 trades—may signal recognition of near-term downside, though the modest share reduction and strong underlying fundamentals warrant context.

July 2025
2025-07-30 PROGRESSIVE CORP/OH/ PGR
medium
Sell
16,664 shares
$4,153,335
Significance 6/10

CFO John P Sauerland sold 16,664 shares of PGR at $249.24 on 2025-07-28 ($4.2M); stock down 17.0% from 52-week high

CFO Sauerland sold 16,664 shares at $249.24, reducing his stake from 244,688 to 228,024 shares post-transaction, while PGR trades at $241.71, off 17.0% from its 52-week high of $291.22 and down 9.4% over 30 days. His prior trade pattern at PGR shows 3 of 3 prior sells with negative 90-day returns (well-timed), most recently a June 30 sale that preceded an 8.4% decline in the following month. However, this transaction differs: PGR has weakened materially since his June and May sales, falling into more crowded downside territory with stock already down 9.4%-13.0% on recent timeframes, and his cross-ticker historical timing (21.43% well-timed rate) is modest relative to his recent same-ticker precision. The sale occurs as PGR remains fundamentally sound—P/E of 16.25, annual revenue growth of 21.4%, and a $20.4B revenue base with $2.6B net income—which may indicate the CEO is executing a systematic holding-reduction program rather than signaling deteriorating confidence in the business fundamentals.

2025-07-02 PROGRESSIVE CORP/OH/ PGR
medium
Sell
10,000 shares
$2,637,900
Significance 5/10

CFO Sauerland sold 10,000 PGR shares at $263.79 on 2025-06-30 for $2.6M; stock has since declined 10.7% in 30 days.

John P Sauerland, VP and CFO, sold 10,000 shares at $263.79 on 2025-06-30 for $2,637,900.00, reducing his holdings from 238,024 to 228,024 shares. The stock has declined 10.7% over the 30 days following the transaction and currently trades at $257.80, approximately 11.5% below the 52-week high of $291.22. Across his open-market history spanning multiple tickers, Sauerland's prior sells exhibit a 90d well-timed rate of 15.38%, though at PGR specifically, timing outcomes are mixed: 2 of 3 measurable prior sales showed negative 90-day returns. The sale occurs against a backdrop of strong fundamentals—the company reported $20.4B in latest-quarter revenue with net income of $2.6B and annual revenue growth of +21.4%—suggesting the transaction does not appear driven by deteriorating business performance. The recent price weakness may reflect broader market conditions rather than company-specific concern.

May 2025
2025-05-29 PROGRESSIVE CORP/OH/ PGR
low
Sell
10,000 shares
$2,753,700
Significance 4/10

CFO John P Sauerland sells 10,000 PGR shares at $275.37; retains 238,024 shares post-sale

CFO John P Sauerland executed a 10,000-share sale at $275.37 on 2025-05-28, reducing his holdings by 4.0% to 238,024 shares. At his same-ticker history at PGR, of 5 prior trades with measurable 90-day outcomes, only 1 of 3 was well-timed (sell timing accuracy 33.3%), which is below his cross-ticker track record 90-day well-timed rate of 8.33% (suggesting worse predictive value at this specific ticker). The current price of $277.30 stands -4.8% from the 52-week high, and the company reports strong fundamentals with annual revenue growth of +21.4%, net income of $2.6B, and a P/E of 18.65. This sale appears routine in scale and the insider retains substantial holdings, consistent with liquidity management rather than a conviction signal.

April 2025
2025-04-29 PROGRESSIVE CORP/OH/ PGR
low
Sell
10,000 shares
$2,685,900
Significance 4/10

CFO John P Sauerland sold 10,000 PGR shares at $268.59; retains 248,024 shares post-transaction.

John P Sauerland, VP and Chief Financial Officer of Progressive Corporation, executed a sale of 10,000 shares (-3.9% of his pre-transaction holdings) at $268.59 on April 28, 2025. Progressive's fundamentals remain robust: annual revenue growth of +21.4%, P/E of 12.76, and a market cap of $161,975,043,784.49 ($162.0B). Sauerland's cross-ticker track record shows 13 prior sells with a 90-day well-timed rate of 0.00%, and his same-ticker history at PGR includes 5 prior sales (only 3 measurable at 90 days), with 0 of those 3 exhibiting negative 90-day returns—a weak timing record at this specific ticker. The transaction appears routine in scale relative to his 248,024-share post-transaction position, and the stock remains within 5.1% of its 52-week high at current prices.

March 2025
2025-03-31 PROGRESSIVE CORP/OH/ PGR
medium
Sell
10,000 shares
$2,759,400
Significance 5/10

CFO John P Sauerland sells 10,000 PGR shares at $275.94; stock +0.4% in 30 days, +18.1% in 90 days

John P Sauerland, VP and CFO, sold 10,000 shares (10.0K shares) for $2,759,400.00 on 2025-03-28, reducing holdings by 3.7% to 258,024 shares. In his prior trades at Progressive, all 3 measurable 90-day outcomes showed gains (avg +12.7%): his 2024-12-30 sale gained +16.8%, his 2024-11-29 sale gained +4.0%, and his 2024-07-22 sale gained +17.3%. The current sale has shown +0.4% at 30 days and +18.1% at 90 days, continuing this pattern of gains following his sales. Across his full cross-ticker history, he averages +15.0% in 90-day returns after sells with a 0.00% well-timed rate, suggesting his sales have historically preceded further appreciation rather than capturing pullbacks. Progressive trades at 13.07 P/E with strong recent fundamentals (revenue growth +21.4%, latest quarter revenue $19.7B), keeping context for evaluating this moderately-sized insider sale.

2025-03-03 PROGRESSIVE CORP/OH/ PGR
low
Sell
10,000 shares
$2,799,400
Significance 3/10

CFO John P Sauerland sold 10,000 PGR shares at $279.94 on 2025-02-28; stock now at $285.08 (52-week high).

Sauerland sold 10,000 shares (reducing holdings by 3.6%) at $279.94, just $5.14 below the current price of $285.08 and at the 52-week high. Across his prior 5 trades at PGR, none of his 3 measurable 90-day outcomes were well-timed sells (the stock rose after each); he sold on 2024-11-29 when the stock fell 10.1% in 30 days but then recovered +4.0% by the 90-day mark, and similar patterns followed on other dates, suggesting limited predictive timing. With a P/E of 13.17 and revenue growth of +21.4% year-over-year, the company's fundamentals remain solid. The stock's +15.7% 30-day and +8.6% 90-day appreciation preceding this sale, combined with the 52-week high pricing, provides context for the transaction but does not itself indicate insider concern or conviction.

January 2025
2025-01-30 PROGRESSIVE CORP/OH/ PGR
low
Sell
10,000 shares
$2,466,900
Significance 4/10

CFO John P Sauerland sells 10,000 PGR shares at $246.69; stock now trades at $249.22, near 52-week high of $268.88.

John P Sauerland, VP and Chief Financial Officer of Progressive Corp, sold 10,000 shares (10.0K shares) of PGR at $246.69 on 2025-01-28 for $2,466,900.00 ($2.5M), reducing his holdings from 288,023 to 278,023 shares. At the transaction price of $246.69, the sale occurred 8.4% below the current market price of $249.22 and 8.2% below the 52-week high of $268.88. Looking at his prior sales at PGR specifically, of the 3 measurable outcomes at the 90-day mark, none resulted in declines after the sale—he sold on 2024-07-22 before a 90-day gain of +17.3%, on 2024-06-28 before a +20.0% gain, and on 2024-05-29 before a +20.1% gain, indicating a pattern of selling before continued appreciation rather than before declines. The company's fundamentals remain strong with annual revenue growth of +25.2%, a P/E of 17.99, and recent quarterly revenue of $19,719,000,000.00 ($19.7B). While the 30-day post-transaction price movement of +4.0% shows the stock rising modestly after his sale, the broader pattern of unwell-timed sales at this ticker and the stock's proximity to its 52-week high suggest the transaction does not present a clear directional signal about near-term business concerns.

December 2024
2024-12-31 PROGRESSIVE CORP/OH/ PGR
low
Sell
10,000 shares
$2,386,600
Significance 4/10

PGR CFO Sauerland sells 10,000 shares at $238.66; stock down 10.9% past 30 days, his sales at this ticker show 0 of 4 well-timed outcomes vs 90-day mark.

John P Sauerland, VP and Chief Financial Officer of Progressive Corp, sold 10,000 shares ($2,386,600.00 total value) on 2024-12-30 at $238.66, reducing holdings from 292,958 to 282,958 shares. The stock has declined 10.9% over the past 30 days and 5.8% over 90 days from post-transaction levels. Reviewing his sale-timing accuracy at this specific ticker, 4 of 5 prior measurable PGR transactions show positive returns post-sale (ranging from 1.6% to 17.3% over 90 days), meaning 0 of 4 prior sells were well-timed—he sold before rallies in each case. His cross-ticker history similarly shows poor timing discipline on sales (9 prior sells with 0.00% well-timed rate and a +16.2% average 90-day return after sells). The company itself remains fundamentally solid with $19.7B revenue, $2.3B net income, 25.2% annual revenue growth, and a 17.30 P/E ratio, but the insider's systematic pattern of selling into subsequent gains—rather than before declines—lacks conviction-confirming signals.

2024-12-03 PROGRESSIVE CORP/OH/ PGR
low
Sell
10,000 shares
$2,680,900
Significance 3/10

CFO Sauerland sells 10,000 PGR shares at $268.09; retains 292,958 shares; stock now at $262.61.

Sauerland John P, VP and Chief Financial Officer, sold 10,000 shares of Progressive Corporation on 2024-11-29 at $268.09, reducing his holdings from 303,0K to 293,0K shares (a -3.3% reduction). The sale occurred near the 52-week high of $268.88, with the stock currently trading at $262.61, down 2.3% from that peak. Reviewing his prior trades at this ticker, Sauerland has executed 5 previous sells since 2023, all of which resulted in positive 90-day returns (ranging from +13.6% to +24.6%), meaning the stock rose after each sale—a 0% well-timed rate at the 90-day mark. The company reports strong fundamentals with FY revenue growth of +25.2%, net income of $2.3B on $19.7B revenue, and a P/E of 18.96, offering no apparent distress signal. This sale appears consistent with Sauerland's historical pattern at Progressive: regular, relatively modest reductions of a large, retained position, executed near tactical peaks.

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