Progressive (NYSE:PGR) Insider Steven Broz Sells 1,157 Shares of Stock

Posted by Stanley Muller on Jun 24th, 2026

The Progressive Corporation (NYSE:PGR – Get Free Report) insider Steven Broz sold 1,157 shares of Progressive stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $204.76, for a total transaction of $236,907.32. Following the completion of the transaction, the insider directly owned 27,511 shares in the company, valued at approximately $5,633,152.36. This represents a 4.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Steven Broz also recently made the following trade(s):

On Friday, June 5th, Steven Broz sold 1,157 shares of Progressive stock. The stock was sold at an average price of $200.00, for a total transaction of $231,400.00.

Progressive Stock Performance

NYSE:PGR opened at $215.90 on Wednesday. The Progressive Corporation has a 1 year low of $189.20 and a 1 year high of $267.92. The firm’s fifty day simple moving average is $200.60 and its 200 day simple moving average is $206.86. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $126.16 billion, a PE ratio of 10.98, a PEG ratio of 6.39 and a beta of 0.28.

Progressive (NYSE:PGR – Get Free Report) last released its earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share for the quarter, topping analysts’ consensus estimates of $4.67 by $0.13. Progressive had a net margin of 12.92% and a return on equity of 33.47%. The firm had revenue of $22.19 billion during the quarter, compared to analyst estimates of $23.51 billion. During the same quarter in the previous year, the business earned $4.37 EPS. The business’s revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that The Progressive Corporation will post 16.82 EPS for the current year.

Progressive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd will be paid a $0.10 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive’s payout ratio is presently 2.03%.

Institutional Trading of Progressive

Hedge funds have recently modified their holdings of the company. Allstate Corp lifted its position in shares of Progressive by 106.1% during the fourth quarter. Allstate Corp now owns 44,513 shares of the insurance provider’s stock worth $10,136,000 after purchasing an additional 22,915 shares in the last quarter. Norges Bank acquired a new stake in shares of Progressive in the fourth quarter valued at approximately $1,836,094,000. Mariner LLC increased its holdings in shares of Progressive by 7.9% in the third quarter. Mariner LLC now owns 644,636 shares of the insurance provider’s stock valued at $159,183,000 after purchasing an additional 47,248 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Progressive by 5.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,807,068 shares of the insurance provider’s stock worth $411,506,000 after purchasing an additional 97,275 shares during the last quarter. Finally, Investment House LLC bought a new position in Progressive in the 4th quarter worth approximately $8,447,000. Institutional investors own 85.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings downgraded Progressive from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods raised their price objective on shares of Progressive from $208.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, June 18th. Wells Fargo & Company lowered their price objective on shares of Progressive from $222.00 to $219.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 18th. Zacks Research upgraded shares of Progressive from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $220.00 target price on shares of Progressive in a research note on Wednesday, May 20th. Six analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $237.58.

Read Our Latest Stock Analysis on PGR

Progressive Company Profile

(Get 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.