The Progressive (PGR) CIO Steven Broz Sells $274K of Stock
Key Points
- Steven Broz, the Chief Information Officer at The Progressive Corporation, sold 1,225 shares at a price of $223.32 each on October 22, 2026.
- After the trade, Steven Broz holds 28,807 $PGR shares, down 4.08% from before the trade.
- The Progressive Corporation's stock closed at $229.62 on the same day, while recently traded around $227.98, which is about 0.7% below the closing price.
- Broz now holds 28,806 shares, reducing his stake by approximately 4.08%.
Since the trade, $PGR is down 0.7% to date (from the $229.62 close on Oct 22, 2026).
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On October 22, 2026, Steven Broz, the Chief Information Officer at The Progressive Corporation, sold 1,225 shares of the company at a price of $223.32 each, totaling about $273,567. This transaction was reported in a Form 4 filing with the SEC. Broz's sale was made under a planned trading arrangement.
PGR
The Progressive Corporation
Inside Steven Broz's Trade
Broz's sale reduced his total holdings to 28,806 shares, cutting his stake by about 4.08%. This sale comes after a series of transactions he made earlier this year, including another sale of 1,225 shares on September 24, 2026, at a price of $204.29.
Other Institutional Activity in The Progressive Corporation
Several other institutional investors have made changes to their positions in The Progressive Corporation. AMF Tjanstepension raised its stake by 422,094 shares, bringing its total to 978,170 shares worth about $202.8 million. Barrow Hanley Mewhinney & Strauss also increased its holdings significantly, adding 1,334,140 shares, which now total approximately $291.4 million. In contrast, Accurate Wealth Management reduced its stake by 4,215 shares, now holding 2,276 shares valued at about $507,346.
The Progressive Corporation Stock Down 0.7%
The Progressive Corporation's stock closed at $229.62 on October 22, 2026. Recently, it traded around $227.98, which is about 0.7% below the closing price. The stock currently trades above its 50-day moving average by about 5.5% and is up approximately 9.2% from its 200-day average.
Recent Earnings
The Progressive Corporation reported trailing twelve-month revenue of about $91.7 billion, with an earnings per share (EPS) of $19.85. The company has a net margin of 12.7% and a return on equity (ROE) of 33.2%. The next earnings report is scheduled for January 27, 2027.
Dividend
The company pays an annual dividend rate of $0.40 per share, which translates to a dividend yield of about 0.18%. The dividend payout ratio is currently 69.7%.
Analysts Set New Price Targets
On October 15, 2026, Wells Fargo maintained its Underweight rating with a price target of $196. Keefe, Bruyette & Woods also maintained its Outperform rating but adjusted its price target to $246, down from $252. The consensus among analysts gives the stock a hold recommendation with a mean price target of approximately $230.38.
About The Progressive Corporation
The Progressive Corporation operates as an insurance company in the United States. It provides insurance for personal vehicles, including cars, motorcycles, and recreational vehicles, as well as home insurance for renters and homeowners. This recent insider trade reflects Broz's ongoing adjustments to his holdings amid fluctuating stock performance.
Bottom Line
Investors should watch for The Progressive Corporation's upcoming earnings report on January 27, 2027, and any further insider trading activity, especially from key executives like Broz. This sale adds to the company's recent insider activity, which may indicate shifting perspectives within its leadership.
Related Filing Alerts
Source: Steven Broz's Form 4 filing on $PGR (Oct 22, 2026). Written by software, not financial advice. How we make alerts