On January 21, 2026, Andrew J. Quigg, the Chief Strategy Officer at Progressive Corp (NYSE:PGR), divested 1,649 shares of the insurer's common stock in a transaction disclosed via a Securities and Exchange Commission Form 4 filing. The shares were sold at a unit price of $204.35, resulting in proceeds totaling $336,973.
Following this sale, Quigg retains a direct ownership stake of 39,626.185 shares in Progressive. Notably, this sale was conducted under a pre-approved 10b5-1 trading plan established on January 30, 2025, which allows insiders to transact shares under set parameters, mitigating concerns about timing or insider knowledge.
In parallel developments, Progressive Insurance has expanded its product suite by introducing a pet insurance plan targeting pet owners who want to better manage unanticipated veterinary expenses. This newly launched offering is available in 43 states plus the District of Columbia. The product is both underwritten by Progressive and administered by Companion Protect, marking the company’s intent to diversify its insurance portfolio beyond traditional lines.
Market analysts hold differing perspectives on Progressive's stock outlook. Barclays recently upgraded Progressive’s rating to Overweight, highlighting an optimistic growth trajectory forecasted in personal lines insurance underwriting through 2026.
Conversely, BMO Capital has revised its price target downward to $239.00 from an earlier $253.00, pointing to reduced rates in Florida as one factor tempering expectations. Wells Fargo has similarly lowered its price target to $242.00, citing a challenging environment for growth. Further, BMO Capital made an additional revision, setting a price target at $253.00 in light of Progressive's November shortfall in policies in force, particularly within the Agency channel.