The Progressive (PGR) CIO Steven Broz Sells $237K of Stock

Steven Broz, Chief Information Officer of The Progressive Corporation, sold 1,157 shares of the company's stock on June 22, 2026. The shares were sold at an average price of $204.76, amounting to a total transaction value of $236,907. This sale was part of a pre-scheduled trading plan.

Insider Buying and Selling at The Progressive Corporation

In addition to Steven Broz's recent transaction, other insiders have been active as well. On June 5, 2026, John Murphy, Claims President, sold 5,916 shares at $200 each, also as part of a planned sale. Earlier, on May 8, 2026, Stuart Burgdoerfer purchased 1,238 shares, while Jeffrey Kelly and Philip Bleser acquired 1,098 and 1,145 shares, respectively, at no cost, not under any plan.

The Progressive Corporation Stock Up 0.9%

Shares of NYSE:PGR traded near $207.38 on Tuesday. The Progressive Corporation, with a market cap of approximately $120.7 billion, has a P/E ratio of 10.54 and a forward P/E of 12.67. The stock has a 52-week low of $189.20 and a high of $267.93, with a 50-day moving average of $199.87 and a 200-day moving average of $214.52. The company also has a current ratio of 0.301 and a debt-to-equity ratio of 26.174.

Other Institutional Activity in The Progressive Corporation

Several institutional investors have adjusted their positions in The Progressive Corporation. BlackRock, Inc. increased its holdings by 229,533 shares, bringing its total to 52,323,606 shares valued at approximately $10.37 billion. Vanguard Capital Management LLC opened a new position with 38,098,359 shares worth about $7.55 billion. State Street Corp added 55,020 shares, totaling 25,870,710 shares valued at $5.13 billion. Capital Research Global Investors increased its stake by 11,430,114 shares, resulting in 22,574,142 shares worth $4.48 billion. Geode Capital Management, LLC grew its holdings by 644,260 shares, ending with 16,256,844 shares valued at $3.22 billion.

Analysts Set New Price Targets

Analysts have recently set new price targets for The Progressive Corporation. On June 18, 2026, Wells Fargo maintained its hold rating with a price target of $219. On the same day, B of A Securities reaffirmed its buy rating, setting a target price of $313. The consensus among 21 analysts is a hold recommendation, with a mean price target of $230.19.

About The Progressive Corporation

The Progressive Corporation, headquartered in Mayfield, Ohio, is a major player in the insurance industry, specifically in property and casualty insurance. Founded in 1937, the company provides a wide range of insurance products, including personal and commercial auto insurance, homeowners and renters insurance, and specialty lines such as motorcycle and RV insurance. With over 70,000 employees, Progressive sells its products through independent agencies, as well as directly online and by phone.

Bottom Line

Steven Broz's recent sale of shares in The Progressive Corporation was a planned transaction, reflecting typical insider activity. The company's stock remains a focus for investors, with its strong market presence and recent analyst reviews. As always, it's important to remember that insider transactions are often planned in advance and may not reflect the insider's current outlook on the company.