Jeffrey Kelly Sells Shares of The Progressive Corporation
Jeffrey Kelly offloaded 7,000 shares of Progressive for about $1.51 million.
Key Points
- Jeffrey Kelly sold 7,000 shares of The Progressive Corporation on June 24, 2026, at an average price of $216.33 per share.
- Shares of NYSE:PGR traded near $220.50 on Thursday, with a market cap of $120.7 billion and a P/E ratio of 10.54.
- Analysts like Wells Fargo and B of A Securities maintained their ratings, with targets ranging from $219 to $313.
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Jeffrey Kelly, an insider at The Progressive Corporation, sold 7,000 shares on June 24, 2026. The shares were sold at an average price of $216.33 each, totaling approximately $1.51 million. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at The Progressive Corporation
Alongside Jeffrey Kelly's recent sale, other insiders have been active as well. On June 22, 2026, Steven Broz, the Chief Information Officer, sold 1,157 shares at $204.76 each under a planned sale. Earlier in June, on the 5th, John Murphy, the Claims President, sold 5,916 shares at $200 per share, also as part of a planned sale.
The Progressive Corporation Stock Down 1.4%
Shares of NYSE:PGR traded near $220.50 on Thursday. The Progressive Corporation boasts a market capitalization of $120.7 billion. It has a P/E ratio of 10.54 and a forward P/E of 12.67. The stock has a 52-week range of $189.20 to $267.93. Its 50-day moving average stands at $199.87, with a 200-day moving average of $214.52.
$PGR stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On June 18, 2026, Wells Fargo maintained its hold rating on Progressive, setting a price target of $219. B of A Securities also maintained its buy rating, with a higher target of $313. The consensus among 21 analysts is to hold, with a mean price target of $230.19.
About The Progressive Corporation
The Progressive Corporation, headquartered in Mayfield, Ohio, is a major player in the insurance industry, particularly in property and casualty insurance. Founded in 1937, Progressive provides a wide range of insurance products, including personal auto, motorcycle, RV, and watercraft insurance, as well as commercial vehicle coverage. The company is led by CEO Susan Patricia Griffith and employs over 70,000 people.
Bottom Line
Jeffrey Kelly's recent sale of shares in The Progressive Corporation is part of ongoing insider activity. Investors often track such moves to gauge insider sentiment. However, insider transactions can occur for various reasons unrelated to the company's performance. As always, it's important to consider the broader financial context and analyst perspectives when evaluating stock positions.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.