Progressive CIO Steven Broz sells $273,567 in company stock

Steven Broz, Chief Information Officer at The Progressive Corporation (NYSE:PGR), sold company common stock valued at $273,567 on October 22, 2026.

The transaction involved the disposition of 1,225 shares of common stock at a price of $223.32 per share. This sale was executed under a pre-arranged 10b5-1 trading plan, which Mr. Broz adopted on February 19, 2026. Following this transaction, Mr. Broz directly holds 28,806.945 shares of Progressive common stock.The sale comes as Progressive’s stock trades at $228.26, up nearly 11% over the past year. According to InvestingPro analysis, the insurance giant appears undervalued at current levels, with the company earning a "GREAT" financial health score of 3.45 out of 5. InvestingPro offers 12 additional exclusive tips and comprehensive metrics for PGR, including detailed Pro Research Reports available for over 1,400 US equities.

In other recent news, Progressive Corp. is set to release its earnings report on October 14, with options data suggesting a potential 3% movement in the stock. Raymond James has reiterated an Outperform rating for Progressive, expecting the company to deliver operating earnings per share above consensus through 2028. The firm highlighted that underwriting margins are expected to normalize more gradually than current expectations. Meanwhile, BMO Capital has lowered its price target for Progressive to $216, maintaining a Market Perform rating due to concerns over deceleration in key performance indicators. Keefe, Bruyette & Woods also reduced their price target to $246 and adjusted earnings estimates for the upcoming years, though they continue to rate the stock as Outperform. Additionally, Wells Fargo decreased its price target to $196, citing pressures from policy losses and an elevated accident year loss ratio. These developments reflect varied analyst perspectives on Progressive’s future performance and growth prospects.