Progressive Corporation (PGR)

In the past six months, Progressive's stock (PGR) has trended down by 14.39%. Key events include monthly results announcements, quarterly common share dividend announcements, and quarterly earnings reports. Analyst ratings and price targets have been adjusted by several firms, with a consensus recommendation of "Hold." Insider selling occurred in September 2025. The company incurred significant catastrophe losses from Hurricane Helene and provided estimates for Hurricane Milton. Market sentiment has fluctuated, with both bearish and bullish movements observed.

Demand for Progressive's insurance products exhibits seasonality. Demand surges are often linked to seasonal weather events like hurricane, wildfire, flood, and tornado seasons, as well as winter storms. The spring and summer months see a rise in demand for home insurance due to the home-buying season and increased construction activity. Spring and summer are generally busy seasons for the auto insurance industry. Insurance sales data often show higher sales in the first and fourth quarters compared to the second and third quarters. Holiday travel seasons can also lead to increased demand for certain insurance products.

The Progressive Corporation (PGR) is an American insurance holding company known for its innovative approach within the property and casualty insurance industry. Its core business involves providing a wide array of insurance products and related services through three primary segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment offers personal auto insurance and specialized policies for other vehicles. The Commercial Lines segment provides commercial auto insurance and business owners policies. The Property segment focuses on personal residential property insurance. Progressive distributes its products through independent insurance agencies, online, and over the phone and is also involved in investment activities and personal property reinsurance.

The Progressive Corporation primarily operates as an insurance company in the United States, marketing its policies through independent insurance agencies in both the U.S. and Canada. Its direct insurance underwriting is concentrated in the U.S., with corporate headquarters in Mayfield Village, Ohio, and over 50,000 employees across the United States. Some sources mention a global presence, likely referring to broader corporate or investment activities rather than direct insurance operations.

Progressive has a strong brand reputation due to its innovative use of technology in the insurance industry. The company is known for its original quote and comparison tools and distinctive advertising. Recent positive brand-related news includes a collaboration with DC Studios' Superman to highlight accident response capabilities.

Progressive's ownership is predominantly institutional, with institutional investors owning a significant portion of the company's shares. Top institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Individual investors, including retail investors and insiders, own the remaining shares. Peter B. Lewis is a significant individual shareholder, and insiders collectively own a portion of the company's stock.