Progressive Corp. (NASDAQ: PGR) Chief Information Officer Steven Broz sold 1,225 shares of common stock on August 20, 2026, for a total of $268,765, according to a regulatory filing.
The shares were disposed at $219.40 each, leaving Broz with 31,256.945 shares still held, the filing showed. The transaction was conducted under a pre-arranged 10b5-1 trading plan adopted on February 19, 2026, which allows for sales to be executed without the risk of insider-trading allegations.
Progressive’s stock last traded at $222.99, giving the company a market capitalization of $129.62 billion and a price-to-earnings ratio of 11.18. InvestingPro rated the insurer’s financial health as "great."
The CIO’s disposal follows July operating earnings per share of $1.71, which exceeded analyst estimates. Jefferies had forecast $1.50 per share, Goldman Sachs $1.41, and Mizuho $1.66, though the latter noted a 2% year-over-year decline. The beat was attributed to favorable prior-year development that exceeded expectations by 3.5 percentage points.
Analysts maintained mixed views on Progressive’s outlook. Goldman Sachs reiterated a Buy rating with a $230 price target, while Jefferies kept a Hold rating at $228. BMO Capital maintained a Market Perform rating with a $205 target.
Separately, Morgan Stanley reported a 0.2% decrease in auto insurance rates in July, reflecting broader trends in the property and casualty insurance sector.
