PGR
The Progressive Corporation
NYSEUSDEQUITY
Financial Services
DELAYED
Neutral
+2/100
Last price
212.05
▼ 0.57 (0.27%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
211.99
Prev close
212.62
Day high
213.66
Day low
211.34
Volume
2.41M
Market cap
$123.07B
P/E (TTM)
10.66
52W range
189.20 – 245.64
Day trading desk
Gap from prior close
-0.30%
Prior close 212.62
VWAP
212.18
-0.06% from price
Relative volume
1.75×
Unusually busy
Session range
1.10%
211.34 – 213.66
Position in range
31%
Mid range
ATR (14D)
4.53
2.13% of price
Prior day high
212.64
PDH
Prior day low
208.12
PDL
Bid / ask spread
—
Quote not published
Session volume
4.66M
Avg 2.67M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+0.73%
-1.2%
1M
-3.15%
-4.3%
3M
-8.95%
-13.5%
6M
+7.72%
-10.5%
YTD
-6.88%
-21.1%
1Y
-13.70%
-30.1%
3Y
+52.23%
-30.0%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on PGR open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+150.60K
Net buying
Buy transactions
26
274.75K shares
Sell transactions
15
124.15K shares
Net transactions
+41
Buys less sells
Sell : buy shares
0.5 : 1
Mixed
Insider-held shares
1.41M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 24, 26 | BROZ STEVEN Chief Technology Officer |
SELL | 1.23K | $250.25K | Direct |
| Sep 1, 26 | GRIFFITH SUSAN PATRICIA Chief Executive Officer |
STOCK | 1.60K | $0 | Direct |
| Sep 1, 26 | GRIFFITH SUSAN PATRICIA Chief Executive Officer |
SELL | 37.34K | $8.20M | Direct |
| Aug 20, 26 | BROZ STEVEN Chief Technology Officer |
SELL | 1.23K | $268.76K | Direct |
| Aug 13, 26 | NIEDERST LORI A Officer |
SELL | 7.34K | $1.54M | Direct |
| Jul 28, 26 | QUIGG ANDREW J Chief Financial Officer |
SELL | 3.50K | $769.78K | Direct |
| Jul 27, 26 | MURPHY JOHN JOSEPH Officer |
SELL | 8.12K | $1.73M | Direct |
| Jul 27, 26 | GRIFFITH SUSAN PATRICIA Chief Executive Officer |
SELL | 37.34K | $7.94M | Direct |
| Jul 27, 26 | BAUER JONATHAN S Chief Investment Officer |
SELL | 2.24K | $476.90K | Direct |
| Jul 27, 26 | BAILO KAREN Officer |
SELL | 8.45K | $1.80M | Direct |
| Jul 24, 26 | BAUER JONATHAN S Chief Investment Officer |
STOCK | 4.17K | $0 | Direct |
| Jul 24, 26 | BAILO KAREN Officer |
STOCK | 15.03K | $0 | Direct |
| Jul 24, 26 | CLAWSON WILLIAM L II Officer |
STOCK | 9.60K | $0 | Direct |
| Jul 24, 26 | STRINGER DAVID M Officer |
STOCK | 529 | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BAILO KAREN |
Officer | 32.35K | Sale |
BAUER JONATHAN S |
Chief Investment Officer | 26.37K | Sale |
BROZ STEVEN |
Chief Technology Officer | 30.03K | Sale |
CALLAHAN PATRICK KEVIN |
Officer | 36.71K | Stock Award(Grant) |
DAVIS CHARLES A. |
Director | 250.93K | Stock Award(Grant) |
GRIFFITH SUSAN PATRICIA |
Chief Executive Officer | 573.47K | Stock Gift |
MURPHY JOHN JOSEPH |
Officer | 56.47K | Sale |
NIEDERST LORI A |
Officer | 42.78K | Sale |
QUIGG ANDREW J |
Chief Financial Officer | 42.59K | Sale |
SAUERLAND JOHN PETER |
Chief Financial Officer | 243.89K | Stock Award(Grant) |
Fundamentals
Market cap$123.07B
Enterprise value$129.51B
Revenue (TTM)$91.02B
Gross profit$16.86B
EBITDA$15.40B
Net income$11.69B
EPS (TTM)$19.89
Free cash flow$15.11B
Total cash$2.16B
Total debt$8.39B
Book value / share$59.09
Shares outstanding580.40M
Float579.11M
Short % of float1.08%
Dividend yield0.19%
Beta (5Y)0.24
Valuation & profitability ratios
Trailing P/E10.66
Forward P/E12.97
PEG ratio65.20
Price / sales—
Price / book3.59
EV / revenue1.42
EV / EBITDA8.41
Gross margin18.52%
Operating margin18.21%
Profit margin12.85%
Return on equity34.94%
Return on assets7.84%
Debt / equity24.43
Current ratio0.29
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $87.64B | $75.34B | $62.08B | $49.59B | +16.3% |
| Operating revenue | $87.64B | $75.34B | $62.08B | $49.59B | +16.3% |
| Net interest income | -$278.00M | -$279.00M | -$268.00M | -$244.00M | +0.4% |
| Pre-tax income | $14.22B | $10.71B | $4.90B | $922.00M | +32.8% |
| Tax provision | $2.92B | $2.23B | $1.00B | $200.00M | +30.5% |
| Net income | $11.31B | $8.48B | $3.90B | $722.00M | +33.3% |
| Net income to common | $11.31B | $8.46B | $3.87B | $695.00M | +33.6% |
| Basic EPS | 19.29 | 14.45 | 6.61 | 1.19 | +33.5% |
| Diluted EPS | 19.23 | 14.40 | 6.58 | 1.18 | +33.5% |
| EBIT | $14.50B | $10.99B | $5.17B | $1.17B | +31.9% |
| Basic shares | 586.30M | 585.50M | 584.90M | 584.40M | +0.1% |
| Diluted shares | 588.10M | 587.70M | 587.50M | 587.10M | +0.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $125.00M | $143.00M | $85.00M | $203.50M | — | -12.6% |
| Cash & short-term investments | $19.84B | $76.09B | $62.25B | $49.72B | — | -73.9% |
| Accounts receivable | $19.45B | $19.13B | $17.05B | $16.25B | — | +1.6% |
| Property, plant & equipment | $783.00M | $790.00M | $881.00M | $1.03B | — | -0.9% |
| Goodwill & intangibles | — | — | — | $314.20M | $570.00M | — |
| Total assets | $123.04B | $105.75B | $88.69B | $75.47B | — | +16.4% |
| Long-term debt | $6.90B | $6.89B | $6.89B | $6.39B | — | +0.1% |
| Total debt | $6.90B | $6.89B | $6.89B | $6.39B | — | +0.1% |
| Total liabilities | $92.72B | $80.15B | $68.41B | $59.57B | — | +15.7% |
| Retained earnings | $27.33B | $24.28B | $18.80B | $15.72B | — | +12.5% |
| Shareholder equity | $30.32B | $25.59B | $20.28B | $15.89B | — | +18.5% |
| Net tangible assets | $30.32B | $25.59B | $20.28B | $15.89B | — | +18.5% |
| Shares issued | 798.57M | 798.00M | 797.60M | 797.60M | — | +0.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $11.31B | $8.48B | $3.90B | $722.00M | +33.3% |
| Depreciation & amortisation | $313.00M | $284.00M | $285.00M | $306.00M | +10.2% |
| Stock-based compensation | $132.00M | $122.00M | $121.00M | $123.00M | +8.2% |
| Change in working capital | $6.63B | $6.51B | $6.61B | $3.59B | +1.8% |
| Operating cash flow | $17.55B | $15.12B | $10.64B | $6.85B | +16.1% |
| Capital expenditure | -$348.00M | -$285.00M | -$252.00M | -$292.00M | -22.1% |
| Investing cash flow | -$14.53B | -$13.75B | -$10.84B | -$7.96B | -5.7% |
| Share buybacks | -$166.00M | -$634.00M | -$141.00M | -$99.00M | +73.8% |
| Dividends paid | -$2.87B | -$682.00M | -$277.00M | -$261.00M | -321.0% |
| Financing cash flow | -$3.04B | -$1.32B | $78.00M | $1.13B | -130.8% |
| Free cash flow | $17.20B | $14.83B | $10.39B | $6.56B | +15.9% |
| End cash position | $138.00M | $154.00M | $100.00M | $221.00M | -10.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $23.60B | $22.18B | $22.74B | $22.50B | $22.00B | — | +6.4% |
| Operating revenue | $23.60B | $22.18B | $22.74B | $22.50B | $22.00B | — | +6.4% |
| Net interest income | -$88.00M | -$70.00M | -$69.00M | -$70.00M | -$69.00M | — | -25.7% |
| Pre-tax income | $4.21B | $3.57B | $3.68B | $3.32B | $3.98B | — | +18.0% |
| Tax provision | $898.00M | $748.00M | $731.00M | $708.00M | $807.00M | — | +20.1% |
| Net income | $3.31B | $2.82B | $2.95B | $2.62B | $3.17B | — | +17.5% |
| Net income to common | $3.31B | $2.82B | $2.95B | $2.62B | $3.17B | — | +17.5% |
| Basic EPS | 5.68 | 4.81 | — | 4.46 | 5.42 | 4.38 | +18.1% |
| Diluted EPS | 5.67 | 4.80 | — | 4.45 | 5.40 | 4.37 | +18.1% |
| EBIT | $4.30B | $3.64B | $3.75B | $3.39B | $4.05B | — | +18.2% |
| Basic shares | 583.00M | 585.60M | — | 586.50M | 586.20M | 586.00M | -0.4% |
| Diluted shares | 584.20M | 586.90M | — | 588.20M | 587.80M | 587.70M | -0.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $178.00M | $162.00M | $125.00M | $173.00M | $125.00M | +9.9% |
| Cash & short-term investments | $13.55B | $13.09B | $19.84B | $10.36B | $10.78B | +3.5% |
| Accounts receivable | $21.02B | $21.62B | $19.45B | $20.63B | $20.60B | -2.7% |
| Property, plant & equipment | $922.00M | $792.00M | $783.00M | $790.00M | $820.00M | +16.4% |
| Total assets | $124.92B | $122.21B | $123.04B | $121.53B | $115.48B | +2.2% |
| Current debt | $1.00B | — | — | — | — | — |
| Long-term debt | $7.39B | $8.39B | $6.90B | $6.90B | $6.89B | -11.9% |
| Total debt | $8.39B | $8.39B | $6.90B | $6.90B | $6.89B | +0.0% |
| Total liabilities | $90.59B | $90.17B | $92.72B | $86.09B | $82.88B | +0.5% |
| Retained earnings | $32.26B | $29.61B | $27.33B | $32.44B | $29.92B | +8.9% |
| Shareholder equity | $34.33B | $32.04B | $30.32B | $35.45B | $32.60B | +7.2% |
| Net tangible assets | $34.33B | $32.04B | $30.32B | $35.45B | $32.60B | +7.2% |
| Shares issued | 798.50M | 798.43M | 798.57M | 798.60M | 798.24M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $3.31B | $2.82B | $2.95B | $2.62B | $3.17B | +17.5% |
| Depreciation & amortisation | $82.00M | $75.00M | $83.00M | $81.00M | $79.00M | +9.3% |
| Stock-based compensation | $36.00M | $16.00M | $42.00M | $42.00M | $32.00M | +125.0% |
| Change in working capital | $815.00M | $1.38B | $380.00M | $2.78B | $1.18B | -41.0% |
| Operating cash flow | $3.61B | $4.37B | $3.17B | $5.20B | $4.04B | -17.4% |
| Capital expenditure | -$138.00M | -$63.00M | -$121.00M | -$66.00M | -$102.00M | -119.0% |
| Investing cash flow | -$2.92B | $2.64B | -$3.10B | -$5.05B | -$4.04B | -210.8% |
| Share buybacks | -$614.00M | -$478.00M | -$59.00M | -$40.00M | -$13.00M | -28.5% |
| Dividends paid | -$58.00M | -$7.97B | -$59.00M | -$58.00M | -$59.00M | +99.3% |
| Financing cash flow | -$672.00M | -$6.96B | -$118.00M | -$98.00M | -$72.00M | +90.3% |
| Free cash flow | $3.47B | $4.30B | $3.05B | $5.13B | $3.94B | -19.4% |
| End cash position | $193.00M | $179.00M | $138.00M | $185.00M | $135.00M | +7.8% |
Options analytics
Put / call volume
0.27
Call-heavy session
Put / call open interest
1.76
Positioning, not flow
Max pain
210.00
-1.0% from spot
ATM implied vol
41.3%
Nearest strike to spot
Skew (10% OTM)
+8.4%
Puts bid over calls
Call volume
244
Contracts, this expiry
Put volume
67
Contracts, this expiry
Heaviest call OI
230.00
245 contracts
Heaviest put OI
207.50
706 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 4.84 | 4.85 | +0.3% |
| Mar 2026 | 4.88 | 4.96 | +1.6% |
| Dec 2025 | 4.43 | 4.67 | +5.3% |
| Sep 2025 | 5.05 | 4.05 | -19.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 4.33 | 19 | $22.51B | +5.2% |
| Next quarter | 4.17 | 19 | $20.42B | +4.7% |
| Current year | 18.21 | 23 | $87.56B | +5.3% |
| Next year | 16.35 | 23 | $92.07B | +5.1% |
Analyst targets & ownership
Mean target$232.71
High target$314.00
Low target$198.00
Implied upside9.75%
Analyst count21
ConsensusHOLD
Strong buy / Buy4 / 4
Hold16
Sell / Strong sell1 / 0
Held by insiders0.24%
Held by institutions89.91%
Institutions holding2.47K
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
208.40
+1.75% from price
SMA 20
212.08
-0.01% from price
SMA 50
214.26
-1.03% from price
SMA 100
211.86
+0.09% from price
SMA 200
209.00
+1.46% from price
EMA 12
210.77
+0.61% from price
EMA 26
212.31
-0.12% from price
EMA 50
213.09
-0.49% from price
RSI (14)
49.5
Neutral
MACD (12,26,9)
-1.53
Hist 0.31
ATR (14)
4.53
2.13% of price
Realised vol 30D
20.2%
Annualised
Bollinger upper
222.60
20, 2σ
Bollinger lower
201.57
20, 2σ
50 / 200 cross
Golden
214.26 vs 209.00
Trend bias
Above 200
+1.46%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
-0.49
Less volatile than market
Correlation to SPY
-0.23
Largely independent
Realised vol 30D
20.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-21.9%
Peak to trough
Max drawdown 5Y
-34.6%
Peak to trough
ATR 14
4.53
2.13% of price
Beta (reported)
0.24
5Y monthly, from filing
Short interest
Shares short
6.26M
Prior 5.98M
Change vs prior
+4.7%
Shorts adding
% of float
1.08%
Normal
% of shares out
1.08%
Against total outstanding
Days to cover
3.0
Liquid
Float
579.11M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 5, 26 | JP Morgan | MAINTAINED | Neutral | Neutral |
| Sep 18, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Sep 16, 26 | Mizuho | MAINTAINED | Neutral | Neutral |
| Aug 27, 26 | UBS | MAINTAINED | Neutral | Neutral |
| Aug 20, 26 | Wells Fargo | MAINTAINED | Underweight | Underweight |
| Aug 20, 26 | Keefe, Bruyette & Woods | UPGRADE | Market Perform | Outperform |
| Aug 17, 26 | Cantor Fitzgerald | MAINTAINED | Neutral | Neutral |
| Aug 4, 26 | JP Morgan | MAINTAINED | Neutral | Neutral |
| Jul 24, 26 | Morgan Stanley | UPGRADE | Underweight | Equal-Weight |
| Jul 16, 26 | B of A Securities | MAINTAINED | Buy | Buy |
| Jul 16, 26 | Wells Fargo | MAINTAINED | Underweight | Underweight |
| Jul 16, 26 | Evercore ISI Group | MAINTAINED | In-Line | In-Line |
Dividends & splits
Forward rate$0.40 / yr
Forward yield0.19%
5-year avg yield0.67%
Payout ratio69.71%
Ex-dividend dateOct 1, 2026
Next pay dateOct 9, 2026
Last split4:1
Split dateMay 19, 2006
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-18
Corporate Changes & Voting Matters
8-K · 2026-08-19
Corporate Changes & Voting Matters
8-K · 2026-08-10
Periodic Financial Reports
10-Q · 2026-08-03
Corporate Changes & Voting Matters
8-K · 2026-07-15
Corporate Changes & Voting Matters
8-K · 2026-06-17
Corporate Changes & Voting Matters
8-K · 2026-05-20
Corporate Changes & Voting Matters
8-K · 2026-05-12
Headlines
Barclays Adjusts Price Target on Progressive to $247 From $246, Keeps Overweight Rating
MT Newswires · 14h ago
Jefferies Adjusts Price Target on Progressive to $232 From $228, Maintains Hold Rating
MT Newswires · 14h ago
JPMorgan Adjusts Price Target on Progressive to $250 From $241, Maintains Neutral Rating
MT Newswires · 2d ago
Progressive (PGR) Faces Pricing Pressure, Is The Stock 9% Undervalued?
Simply Wall St. · 2d ago
If a Stock Market Crash Is Coming, History Says These Are the 3 Financial Stocks to Buy
Motley Fool · 2d ago
What is Progressive’s (PGR) Economic Moat, and is it Widening or Narrowing?
Insider Monkey · 3d ago
The Insurance Industry Is Shedding Jobs. It’s Not All About AI.
Barrons.com · 3d ago
2 Large-Cap Stocks to Own for Decades and 1 We Ignore
StockStory · 5d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.