Progressive CIO Steven Broz sells $268,765 in company stock

Progressive Corp.'s Chief Information Officer, Steven Broz, sold 1,225 shares of the company's stock on August 20, 2026, amounting to $268,765. Each share was sold at $219.4. After the sale, Broz now owns 31,256.945 shares of Progressive common stock. The current stock price is $222.99, and according to InvestingPro analysis, the stock appears undervalued and is included in the list of most undervalued stocks.

Progressive Insurance has a market capitalization of $129.62 billion and a P/E ratio of 11.18. The transaction was executed under a pre-established 10b5-1 trading plan that Broz established on February 19, 2026. Progressive is known for its strong financial health, as evidenced by its high rating from InvestingPro. In other news, Progressive reported July operating earnings per share of $1.71, exceeding analysts' estimates.

This positive performance is attributed to favorable developments from the previous year. Analysts from Jefferies and Goldman Sachs have assigned varying ratings and price targets to Progressive stock, reflecting differing levels of confidence in the company's future performance.