Jeffrey D. Kelly, a director at Progressive Corp. (NASDAQ:PGR), sold 7,000 shares of the company’s common stock on June 24, 2026. The transactions totaled $1,514,321.
The shares were sold at prices ranging from $216.08 to $216.72 per share, with a weighted average price of $216.3316. The stock has shown significant momentum recently, with a 7.6% return over the past week, trading at $217.89. According to InvestingPro analysis, Progressive appears undervalued at current levels, with the company maintaining a P/E ratio of 11.18 for the $127 billion insurance giant. Following this sale, Mr. Kelly directly holds 22,546 shares of Progressive Corp. common stock. The transaction was reported in a Form 4 filing with the Securities and Exchange Commission on June 25, 2026. For deeper insights into Progressive’s valuation and performance, InvestingPro offers access to over 15 additional ProTips and comprehensive Pro Research Reports covering this and 1,400+ other US equities.
In other recent news, Progressive Corporation announced the upcoming retirement of Pat Callahan, the Personal Lines President, who will step down in January 2027 after nearly 24 years with the company. Progressive plans to conduct an internal search for his successor while Callahan will continue advising the company part-time.
Analyst firm Keefe, Bruyette & Woods reiterated a Market Perform rating for Progressive, maintaining a price target of $208.00, and adjusted their earnings per share estimates for 2026 and 2027 based on recent performance data. BofA Securities lowered its price target for Progressive to $320, citing reduced earnings per share estimates for the upcoming years. Meanwhile, BMO Capital also adjusted its price target to $220, noting that lower premium growth is being balanced by positive factors, leading to increased earnings estimates for 2026 and 2027.
ProgressiveFollowAnalyze PGRIncluded in our AI-picked strategies·Review strategies217.11▼-3.40(-1.54%)Real-time Data·12:17:05·USD1D1W1M6M1Y5YMaxCreated with Highcharts 11.4.818:0025/0616:0016:…216218220222Analyze PGRIn other developments, Texas Capital Securities initiated coverage on MediaAlpha with a Buy rating, setting a price target of $11.00. This rating is based on projected enterprise value-to-EBITDA multiples for 2027. These recent updates provide investors with insights into the evolving dynamics within these companies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.Should you invest $2,000 in PGR right now?ProPicks AI evaluates PGR alongside thousands of other companies every month using 100+ financial metrics. Using powerful AI to generate exciting stock ideas, it looks beyond popularity to assess fundamentals, momentum, and valuation. The AI has no bias—it simply identifies which stocks offer the best risk-reward based on current data with notable past winners that include Super Micro Computer (+185%) and AppLovin (+157%). Want to know if PGR is currently featured in any ProPicks AI strategies, or if there are better opportunities in the same space?See More Stocks