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29 stories mentioning PGRUpdated 20h ago

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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%

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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%

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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%

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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.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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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.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)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%

$ELV$PGR$PNR
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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Wire

Evercore ISI Adjusts Progressive Price Target to $230 From $240

Evercore ISI Adjusts Progressive Price Target to $230 From $240

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Wire

Progressive Shares Fall After JPMorgan Downgrade

Progressive (PGR) shares fell 3.2% in Tuesday trading after JPMorgan downgraded the stock to neutral from overweight.Intraday trading topped 1.5 million shares, compared with the daily average of almost 3.16 million.Price: $227.06, Change: $-7.42, Percent Change: -3.16%

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Research

JPMorgan Downgrades Progressive to Neutral From Overweight, Price Target is $250

Progressive (PGR) has an average rating of hold and mean price target of $238.05, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Wire

Personal Line Carriers Expected to Post Strong Underwriting in 2026, Morgan Stanley Says

Personal line carriers such as Progressive (PGR) and Travelers (TRV) are positioned to report strong, underwriting in 2026 and portions of 2027, before a more meaningful loss ratio deterioration in 2028, Morgan Stanley said in a Wednesday note.Favorable trends from tort reforms and slower physical damage growth are expected to continue through 2026 and 2027 after supporting 2024 and 2025 personal auto insurance losses, the investment firm said.The insurance companies expected to benefit include Allstate (ALL), Hartford Insurance Group (HIG) and Hanover Insurance (THG), according to the note.Inflation and lower pricing should also drive losses for personal auto insurance and extend profitability, the brokerage added. Loss deterioration, however, is likely to be moderate amid better management of social inflation and as earned pricing takes time, Morgan Stanley noted.Morgan Stanley raised its price targets on Travelers to $333 from $330 and to $225 from $220 for Hanover Insurance, with an equal-weight rating for both.Price: $236.34, Change: $+1.94, Percent Change: +0.83%

$ALL$HIG$PGR$THG$TRV
Wire

Progressive Underwriting Margins Normalizing More Quickly Than Consensus, UBS Says

Progressive's (PGR) underwriting margins are normalizing more quickly than consensus amid a competitive pricing environment, mid-single-digit severity and potential normalization of claims frequency, UBS said in a note emailed Tuesday.UBS said that it continues to expect pressure on loss ratios stemming from increasing claims frequency as the pricing cycle returns to usual, noting that sharper pricing drives policyholders to become more willing to file claims.Underwriting margins benefit from the usual claims activity, driven by moderate pricing, according to the note.With app downloads pointing to moderating growth in policies in force, or PIF, for June and Q2, UBS said it expects Agency PIF growth of 7.4% with Direct at 10.6% in Q2 compared with 16.3% and 21.2%, respectively, for the same period last year.UBS raised its price target to $230 from $220 and maintained its neutral rating.Price: $220.34, Change: $+0.48, Percent Change: +0.22%

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Research

Wells Fargo Downgrades Progressive to Underweight From Equalweight, Adjusts PT to $205 From $219

Progressive (PGR) has an average rating of hold and mean price target of $232.86, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$PGR
Insider Trading

Progressive Insider Sold Shares Worth $1,514,321, According to a Recent SEC Filing

Jeffrey D Kelly, Director, on June 24, 2026, sold 7,000 shares in Progressive (PGR) for $1,514,321. Following the Form 4 filing with the SEC, Kelly has control over a total of 22,546 common shares of the company, with 22,546 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/80661/000008066126000214/xslF345X05/form4.xmlPrice: $217.86, Change: $-2.64, Percent Change: -1.20%

$PGR
Wire

Goldman Sachs Adjusts Progressive Price Target to $219 From $214, Maintains Buy Rating

Progressive (PGR) has an average rating of overweight and mean price target of $234.14, according to analysts polled by FactSet.Price: $202.42, Change: $-2.00, Percent Change: -0.98%

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Sectors

Sector Update: Financial Stocks Decline Premarket Wednesday

Financial stocks were declining premarket Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.1% lower.The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% higher.Progressive (PGR) stock was up more than 1% after the company reported net income for May of $2.47 per share, up from $1.81 a year earlier.HSBC Holdings (HSBC) announced a multi-year partnership with Google Cloud aimed at expanding the bank's artificial intelligence capabilities, Reuters reported. HSBC Holdings shares were up more than 1% premarket.KKR (KKR) said it is making a $1.4 billion equity commitment to expand its global portfolio of leased commercial aircraft in partnership with Altavair. KKR stock was down nearly 1% pre-bell.

$FAS$FAZ$HSBC$KKR$PGR$XLF
Sectors

Sector Update: Financial

Financial stocks were declining premarket Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.1% lower.The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.4% higher.Progressive (PGR) stock was up more than 2% after the company reported net income for May of $2.47 per share, up from $1.81 a year earlier.

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