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39 stories mentioning PGRUpdated 19d ago

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Insider Trading

Progressive Insider Sold Shares Worth $268,765, According to a Recent SEC Filing

Steven Broz, Chief Information Officer, on August 20, 2026, sold 1,225 shares in Progressive (PGR) for $268,765. Following the Form 4 filing with the SEC, Broz has control over a total of 31,257 common shares of the company, with 31,257 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/80661/000008066126000317/xslF345X05/form4.xmlPrice: $222.84, Change: $+3.56, Percent Change: +1.62%

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Wire

Progressive Shares Rise After Keefe Bruyette & Woods Upgrade

Progressive (PGR) shares were up 1.7% in Thursday trading after Keefe Bruyette & Woods upgraded its rating on the company's stock to outperform from market perform and adjusted its price target to $250 from $226.Trading volume stood at nearly 1.96 million shares, compared with a daily average of 3.27 million.Price: $220.85, Change: $+3.58, Percent Change: +1.65%

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Research

Keefe Bruyette & Woods Upgrades Progressive to Outperform From Market Perform, Adjusts Pt to $250 From $226

Progressive (PGR) has an average rating of hold and mean price target of $233.52, according to analysts polled by FactSet.

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Sectors

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.6%.The Philadelphia Housing Index was climbing 2.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.6%.Bitcoin (BTC-USD) was increasing 5.5% to $68,185, and the yield for 10-year US Treasuries fell 5.3 basis points to 4.653%.In economic news, minutes of the July 28-29 meeting of the Federal Open Market Committee showed that most participants supported maintaining the federal funds rate at 3.50% to 3.75%.The US Treasury Department said it was raising the cap on its buyback operations for longer-dated nominal coupon securities to at least $4 billion per operation from $2 billion, effective Sept. 9.US mortgage applications fell by 0.4% in the week ended Aug. 14, with an increase in refinancing activity offset by a decline in home purchase applications, according to Mortgage Bankers Association data released Wednesday.In corporate news, Klarna (KLAR) shares fell 2.1% after JPMorgan downgraded the stock to neutral from overweight and cut its price target to $18 per share from $22.Jefferies Financial's (JEF) indirect unit Jefferies Credit Partners is looking to raise about 1 billion euros ($1.17 billion) from investors who trade private credit in the secondary market, Bloomberg reported. Jefferies Financial shares were down 0.7%.BlackRock's (BLK) private credit division HPS Investment Partners and Oaktree Capital are among the creditors that seized control of production equipment supplier MBS Group last week, after the latter defaulted on its debt, the Financial Times reported. BlackRock shares were up 0.4%.Progressive (PGR) shares added 4.8% after it reported that net premiums earned in July were $7.36 billion, up from $6.99 billion a year earlier.

$BLK$JEF$KLAR$PGR
Sectors

Sector Update: Financial Stocks Softer Wednesday Afternoon

Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.2%.The Philadelphia Housing Index was climbing 3.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.2%.Bitcoin (BTC-USD) was increasing 2.8% to $66,470, and the yield for 10-year US Treasuries was dropping 4.4 basis points to 4.662%.In economic news, the US Treasury Department said it was raising the cap on its buyback operations for longer-dated nominal coupon securities to at least $4 billion per operation from $2 billion, effective Sept. 9.US mortgage applications fell by 0.4% in the week ended Aug. 14, with an increase in refinancing activity offset by a decline in home purchase applications, according to Mortgage Bankers Association data released Wednesday.In corporate news, BlackRock's (BLK) private credit division HPS Investment Partners and Oaktree Capital are among the creditors that seized control of production equipment supplier MBS Group last week, after the latter defaulted on its debt, the Financial Times reported. BlackRock shares were up 1.3%.The Canada Pension Plan Investment Board is pursuing infrastructure deals via private deals with KKR (KKR), Blackstone (BX), and BlackRock (BLK) rather than relying solely on direct investments, the Financial Times reported. KKR shares rose 3.4%, and Blackstone was up 3.2%.Progressive (PGR) shares added nearly 4% after it reported that net premiums earned in July were $7.36 billion, up from $6.99 billion a year earlier.

$BLK$BX$KKR$PGR
Wire

Goldman Sachs Adjusts Progressive Price Target to $233 From $230, Maintains Buy Rating

Progressive (PGR) has an average rating of hold and mean price target of $232.24, according to analysts polled by FactSet.Price: $214.35, Change: $+7.12, Percent Change: +3.44%

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Sectors

Sector Update: Financial Stocks Edge Higher in Wednesday Trading

Financial stocks were edging higher in early Wednesday trading, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.4%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.3% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.3%.Progressive (PGR) shares were up more than 3% after the company reported that net premiums earned in July were $7.36 billion, compared with $6.99 billion a year earlier.KKR (KKR) stock was up 2.5% a day after the company and BookMyShow said that funds managed by KKR will acquire a minority stake in the Indian entertainment company.The European Commission said Wednesday that Morgan Stanley (MS) Infrastructure had been approved to acquire sole control of French companies Nicollin, Societe Mediterraneenne de Nettoiement, Nicollin Holding Environnement, Nicollin Eau and MP3D Groupe. Shares of Morgan Stanley were down less than 1%.

$FAS$FAZ$KKR$MS$PGR$XLF
Sectors

Sector Update: Financial

Financial stocks were edging higher premarket Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.4%.The Direxion Daily Financial Bull 3X Shares (FAS) was 1.3% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 1.3%.Progressive (PGR) shares were up more than 1% after the company reported that net premiums earned in July were $7.36 billion, compared with $6.99 billion a year earlier.

$PGR
Insider Trading

Progressive Insider Sold Shares Worth $1,535,979, According to a Recent SEC Filing

Lori A Niederst, Chief Personal Lines Officer, on August 13, 2026, sold 7,339 shares in Progressive (PGR) for $1,535,979. Following the Form 4 filing with the SEC, Niederst has control over a total of 42,776 common shares of the company, with 42,567 shares held directly and 210 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/80661/000008066126000312/xslF345X05/form4.xmlPrice: $203.90, Change: $-5.70, Percent Change: -2.72%

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Wire

Mizuho Adjusts Price Target on Progressive to $236 From $243

Progressive (PGR) has an average rating of hold and mean price target of $232.24, according to analysts polled by FactSet.Price: $211.38, Change: $+0.63, Percent Change: +0.30%

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Insider Trading

Progressive Insider Sold Shares Worth $769,780, According to a Recent SEC Filing

Andrew J Quigg, Vice President and Chief Financial Officer, on July 28, 2026, sold 3,499 shares in Progressive (PGR) for $769,780. Following the Form 4 filing with the SEC, Quigg has control over a total of 42,595 common shares of the company, with 42,595 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/80661/000008066126000306/xslF345X05/form4.xmlPrice: $222.51, Change: $+2.99, Percent Change: +1.36%

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Insider Trading

Progressive Insider Sold Shares Worth $7,942,166, According to a Recent SEC Filing

Susan Patricia Griffith, Director, President and CEO, on July 27, 2026, sold 37,338 shares in Progressive (PGR) for $7,942,166. Following the Form 4 filing with the SEC, Griffith has control over a total of 612,409 common shares of the company, with 522,776 shares held directly and 89,634 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/80661/000008066126000302/xslF345X05/form4.xmlPrice: $221.13, Change: $+5.37, Percent Change: +2.49%

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Insider Trading

Progressive Insider Sold Shares Worth $1,727,975, According to a Recent SEC Filing

John Jo Murphy, Claims President, on July 27, 2026, sold 8,124 shares in Progressive (PGR) for $1,727,975. Following the Form 4 filing with the SEC, Murphy has control over a total of 56,466 common shares of the company, with 41,291 shares held directly and 15,175 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/80661/000008066126000304/xslF345X05/form4.xmlPrice: $221.02, Change: $+5.26, Percent Change: +2.44%

$PGR
Insider Trading

Progressive Insider Sold Shares Worth $476,896, According to a Recent SEC Filing

Jonathan S. Bauer, Chief Investment Officer, on July 27, 2026, sold 2,242 shares in Progressive (PGR) for $476,896. Following the Form 4 filing with the SEC, Bauer has control over a total of 26,373 common shares of the company, with 26,250 shares held directly and 123 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/80661/000008066126000300/xslF345X05/form4.xmlPrice: $221.38, Change: $+5.62, Percent Change: +2.60%

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Insider Trading

Progressive Insider Sold Shares Worth $1,797,825, According to a Recent SEC Filing

Karen Bailo, Commercial Lines President, on July 27, 2026, sold 8,452 shares in Progressive (PGR) for $1,797,825. Following the Form 4 filing with the SEC, Bailo has control over a total of 32,348 common shares of the company, with 32,348 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/80661/000008066126000298/xslF345X05/form4.xmlPrice: $221.39, Change: $+5.63, Percent Change: +2.61%

$PGR
Wire

Progressive's Premium Growth Outpacing Market, Morgan Stanley Says; Rating, Price Target Raised

Progressive's (PGR) rating and price target have been raised by Morgan Stanley analysts, who said in a note to clients Friday that the insurance major's recent share price decline "represents a reset on valuation and thesis."Although the insurance industry is experiencing challenging growth, with some firms seeing auto premiums decline, Progressive has premium growth that, while slowing, is "notably better" than the rest of the sector, the analysts said.Progressive's growth is likely to remain structurally better than rivals given its flexibility between bundled and mono-line auto businesses, the analysts said, noting that some carriers have over-emphasized the home and auto bundling, which can restrict growth.Morgan Stanley raised its rating on Progressive to equal-weight from underweight, and boosted its price target on the stock to $210 per share from $190.Price: $211.26, Change: $+4.19, Percent Change: +2.02%

$PGR
Research

Morgan Stanley Upgrades Progressive to Equalweight From Underweight, Adjusts PT to $210 From $190

Progressive (PGR) has an average rating of hold and mean price target of $235.38, according to analysts polled by FactSet.

$PGR
Wire

Goldman Sachs Adjusts Price Target on Progressive to $225 From $239, Maintains Buy Rating

Progressive (PGR) has an average rating of hold and mean price target of $236, according to analysts polled by FactSet.Price: $205.61, Change: $+0.39, Percent Change: +0.19%

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Wire

Top Midday Decliners

Pentair (PNR) reported preliminary Q2 results below market estimates and lowered its full-year outlook amid headwinds related to its pool segment.Pentair CFO Nick Brazis' unexpected departure, just four months after his appointment, adds near-term skepticism on the stock, RBC said in a note. RBC downgraded the stock to sector perform from outperform.Shares slumped 14%, with intraday trading volume rising to more than 8.5 million from a daily average of about 2.3 million.Elevance Health (ELV) reported sequential and annual declines in membership for Q2, although the health insurer lifted its full-year earnings outlook and recorded an unexpected year-over-year revenue increase.Shares declined 8.7% as intraday trading volume jumped to over 2.4 million from a daily average of about 1.7 million.Evercore ISI cut its Progressive's (PGR) price target to $230 from $240 following the release of the company's Q2 results.Shares declined 9%, with intraday trading volume of over 3.8 million against a daily average of roughly 3.1 million.Price: $64.49, Change: $-11.19, Percent Change: -14.79%

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Wire

Update: Progressive Q2 Net Income, Net Premiums Rise; Shares Slump

(Updates share movement in the last paragraph)Progressive (PGR) reported Q2 net income Wednesday of $5.67 per diluted share, up from $5.40 a year earlier.Analysts polled by FactSet expected $5.35.Net premiums earned in the quarter ended June 30 rose to $21.6 billion from $20.3 billion a year earlier.Progressive's shares slumped 9.1% in Wednesday trading.Price: $205.98, Change: $-20.61, Percent Change: -9.09%

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