PROGRESSIVE CORP PGR
COM · Common Stock · CUSIP 743315103 · ISIN US7433151039
- SectorFinancials
- IndustryFire, Marine & Casualty Insurance
- HeadquartersMayfield Village, OH
- Founded1937
- Websiteprogressive.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($565.4m this quarter). Holder counts are more reliable. Shares outstanding: 581.4m as of 2026-07-02, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $218.00. Options: 28 managers hold calls ($488.9m notional), 30 hold puts ($399.9m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,105 |
| Q4 2022 | 1,171 |
| Q1 2023 | 1,189 |
| Q2 2023 | 1,183 |
| Q3 2023 | 1,174 |
| Q4 2023 | 1,330 |
| Q1 2024 | 1,462 |
| Q2 2024 | 1,527 |
| Q3 2024 | 1,659 |
| Q4 2024 | 1,764 |
| Q1 2025 | 1,847 |
| Q2 2025 | 1,910 |
| Q3 2025 | 1,801 |
| Q4 2025 | 1,835 |
| Q1 2026 | 1,773 |
| Q2 2026 | 1,819 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 854 | 650 |
| Q4 2024 | 804 | 720 |
| Q1 2025 | 932 | 783 |
| Q2 2025 | 968 | 776 |
| Q3 2025 | 781 | 958 |
| Q4 2025 | 802 | 884 |
| Q1 2026 | 839 | 889 |
| Q2 2026 | 864 | 833 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $531.4m | $457.3m | 0.86 |
| Q4 2025 | $523.6m | $509.5m | 0.97 |
| Q1 2026 | $376.7m | $249.0m | 0.66 |
| Q2 2026 | $488.9m | $399.9m | 0.82 |
Biggest buyers
| Capital Research Global Investors | Added | +4.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +3.4m |
| FMR LLC | Added | +3.4m |
| Boston Partners | Added | +1.5m |
| FRANKLIN RESOURCES INC | Added | +1.4m |
| Longview Partners (Guernsey) LTD | New | +1.2m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +753.1k |
| BROWN ADVISORY INC | Added | +664.5k |
| STATE STREET CORP | Added | +656.2k |
| Woodline Partners LP | Added | +650.5k |
Biggest sellers
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -4.4m |
| BlackRock, Inc. | Reduced | -4.3m |
| DIAMANT ASSET MANAGEMENT, INC. | Reduced | -4.0m |
| GQG Partners LLC | Reduced | -2.1m |
| JPMORGAN CHASE & CO | Reduced | -1.8m |
| Capital World Investors | Reduced | -1.7m |
| VIKING GLOBAL INVESTORS LP | Sold out | -1.6m |
| Capital International Investors | Reduced | -1.1m |
| Balyasny Asset Management L.P. | Reduced | -1.1m |
| BARCLAYS PLC | Reduced | -1.0m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $120.4m551.0k shares |
| JANE STREET GROUP, LLC | Added | $116.7m534.1k shares |
| CITADEL ADVISORS LLC | Reduced | $61.6m281.9k shares |
| Optiver Holding B.V. | Added | $56.7m259.7k shares |
| IMC-Chicago, LLC | Added | $35.1m160.9k shares |
| Walleye Trading LLC | Reduced | $9.9m45.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $9.3m42.8k shares |
| GROUP ONE TRADING LLC | Added | $8.1m37.1k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $7.4m33.9k shares |
| Squarepoint Ops LLC | Reduced | $7.1m32.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $129.1m591.1k shares |
| CITADEL ADVISORS LLC | Added | $47.3m216.6k shares |
| JANE STREET GROUP, LLC | Added | $46.9m214.8k shares |
| IMC-Chicago, LLC | Added | $27.7m126.7k shares |
| Optiver Holding B.V. | Added | $27.5m125.8k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $15.3m70.1k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $14.5m66.4k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $10.9m49.8k shares |
| Point72 Asset Management, L.P. | Added | $10.3m47.0k shares |
| Allianz Asset Management GmbH | Added | $9.2m42.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
| BlackRock, Inc. 13G · institution -1.8 pts · filed 2025-07-17 | 7.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 2 | $5.8m | $5.8m |
| Q1 2025 | 0 | — | 12 | $21.5m | $20.4m |
| Q2 2025 | 0 | — | 5 | $11.5m | $9.8m |
| Q3 2025 | 0 | — | 9 | $32.0m | $32.0m |
| Q4 2025 | 0 | — | 2 | $2.0m | $2.0m |
| Q1 2026 | 0 | — | 5 | $2.4m | $2.2m |
| Q2 2026 | 0 | — | 4 | $3.4m | $1.7m |
| Q3 2026 | 0 | — | 7 | $23.2m | $23.2m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-24 | Broz Steven Chief Information Officer | Sold plan | $250.3k1.2k shares |
| 2026-09-01 | Griffith Susan Patricia President and CEO, director | Sold plan | $8.2m37.3k shares |
| 2026-08-20 | Broz Steven Chief Information Officer | Sold plan | $268.8k1.2k shares |
| 2026-08-13 | Niederst Lori A Chief Personal Lines Officer | Sold plan | $1.5m7.3k shares |
| 2026-07-28 | Quigg Andrew J VP and Chief Financial Officer | Sold plan | $769.8k3.5k shares |
| 2026-07-27 | Griffith Susan Patricia President and CEO, director | Sold plan | $7.9m37.3k shares |
| 2026-07-27 | Bailo Karen Commercial Lines President | Sold plan | $1.8m8.5k shares |
| 2026-07-27 | Murphy John Jo Claims President | Sold plan | $1.7m8.1k shares |
| 2026-07-27 | Bauer Jonathan S. Chief Investment Officer | Sold plan | $476.9k2.2k shares |
| 2026-07-23 | Broz Steven Chief Information Officer | Sold plan | $237.2k1.2k shares |
| 2026-06-24 | KELLY JEFFREY D Director | Sold | $1.5m7.0k shares |
| 2026-06-22 | Broz Steven Chief Information Officer | Sold plan | $236.9k1.2k shares |
| 2026-06-05 | Murphy John Jo Claims President | Sold plan | $1.2m5.9k shares |
| 2026-06-05 | Broz Steven Chief Information Officer | Sold plan | $231.4k1.2k shares |
| 2026-04-16 | Johnson Devin C Director | Sold | $199.0k980 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.16% of their portfolio | 48.0m $10.5bn | Reduced -4.3m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.18% of their portfolio | 38.1m $8.3bn | Added +49.8k |
| Capital Research Global Investors 0.81% of their portfolio | 26.5m $5.8bn | Added +4.0m |
| STATE STREET CORP 0.17% of their portfolio | 26.5m $5.8bn | Added +656.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.20% of their portfolio | 17.0m $3.7bn | Added +753.1k |
| Capital World Investors 0.32% of their portfolio | 12.5m $2.7bn | Reduced -1.7m |
| BANK OF AMERICA CORP /DE/ 0.17% of their portfolio | 12.3m $2.7bn | Reduced -595.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.12% of their portfolio | 11.7m $2.6bn | Reduced -9.8k |
| FMR LLC 0.11% of their portfolio | 11.2m $2.4bn | Added +3.4m |
| JPMORGAN CHASE & CO 0.13% of their portfolio | 10.3m $2.3bn | Reduced -1.8m |
| MORGAN STANLEY 0.11% of their portfolio | 9.3m $2.0bn | Added +465.3k |
| ALLIANCEBERNSTEIN L.P. 0.60% of their portfolio | 9.2m $1.8bn | Reduced -986.9k |
| NORGES BANK 0.19% of their portfolio | 8.6m $1.9bn | Not comparable |
| Capital International Investors 0.35% of their portfolio | 7.7m $1.7bn | Reduced -1.1m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.53% of their portfolio | 7.7m $1.7bn | Reduced -4.4m |
| GQG Partners LLC 2.86% of their portfolio | 7.0m $1.5bn | Reduced -2.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.27% of their portfolio | 6.8m $1.5bn | Added +410.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.59% of their portfolio | 6.1m $1.3bn | Added +3.4m |
| NORTHERN TRUST CORP 0.15% of their portfolio | 5.8m $1.3bn | Reduced -61.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.22% of their portfolio | 5.7m $1.3bn | Reduced -749.9k |
| Artisan Partners Limited Partnership 1.83% of their portfolio | 5.1m $1.1bn | Reduced -76.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.11% of their portfolio | 5.1m $1.1bn | Reduced -15.5k |
| GOLDMAN SACHS GROUP INC 0.12% of their portfolio | 5.1m $1.1bn | Reduced -48.7k |
| DEUTSCHE BANK AG\ 0.32% of their portfolio | 5.0m $1.1bn | Added +209.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.14% of their portfolio | 4.8m $1.0bn | Added +360.2k |
| FIL Ltd 0.71% of their portfolio | 4.5m $987.9m | Reduced -147.1k |
| Baird Financial Group, Inc. 1.32% of their portfolio | 4.4m $963.4m | Added +270.7k |
| Jupiter Topco LLC 0.38% of their portfolio | 4.3m $935.2m | First filing |
| Legal & General Group Plc 0.18% of their portfolio | 4.0m $875.5m | Reduced -303.8k |
| Invesco Ltd. 0.07% of their portfolio | 3.9m $847.9m | Added +217.8k |
| FRANKLIN RESOURCES INC 0.18% of their portfolio | 3.9m $844.2m | Added +1.4m |
| VANGUARD FIDUCIARY TRUST CO 0.16% of their portfolio | 3.3m $716.6m | Reduced -23.3k |
| TWO SIGMA INVESTMENTS, LP 0.50% of their portfolio | 3.0m $662.0m | Reduced -497.2k |
| Bank of New York Mellon Corp 0.11% of their portfolio | 3.0m $659.0m | Reduced -7.1k |
| ROYAL BANK OF CANADA 0.10% of their portfolio | 2.8m $619.7m | Added +447.5k |
| DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio | 2.4m $534.2m | Added +46.4k |
| Fayez Sarofim & Co 1.23% of their portfolio | 2.4m $524.1m | Reduced -65.0k |
| UBS Group AG 0.08% of their portfolio | 2.4m $517.1m | Reduced -551.6k |
| Nuveen, LLC 0.12% of their portfolio | 2.3m $508.6m | Reduced -308.6k |
| Caisse de depot et placement du Quebec 0.70% of their portfolio | 2.3m $491.9m | Added +607.0k |
| BROWN ADVISORY INC 0.75% of their portfolio | 2.2m $483.7m | Added +664.5k |
| MARSHFIELD ASSOCIATES 11.03% of their portfolio | 2.2m $470.4m | Reduced -302.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio | 2.1m $460.6m | Added +20.0k |
| Life Cycle Investment Partners Ltd 2.02% of their portfolio | 2.0m $433.7m | Added +434.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.22% of their portfolio | 1.9m $422.7m | Reduced -657.9k |
| AMERICAN CENTURY COMPANIES INC 0.18% of their portfolio | 1.8m $396.2m | Added +308.2k |
| BARCLAYS PLC 0.12% of their portfolio | 1.8m $389.7m | Reduced -1.0m |
| Amundi 0.09% of their portfolio | 1.7m $366.6m | Added +116.0k |
| Swiss National Bank 0.19% of their portfolio | 1.6m $360.4m | Reduced -70.5k |
| LONDON CO OF VIRGINIA 1.93% of their portfolio | 1.5m $338.4m | Reduced -45.4k |
| NEUBERGER BERMAN GROUP LLC 0.22% of their portfolio | 1.5m $326.5m | Reduced -205.9k |
| Boston Partners 0.29% of their portfolio | 1.5m $325.0m | Added +1.5m |
| Sumitomo Mitsui Trust Group, Inc. 0.18% of their portfolio | 1.5m $323.6m | Added +52.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.18% of their portfolio | 1.5m $322.7m | Added +108.1k |
| AQR CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 1.4m $315.7m | Reduced -960.2k |
| HSBC HOLDINGS PLC 0.15% of their portfolio | 1.4m $310.8m | Added +79.1k |
| California Public Employees Retirement System 0.17% of their portfolio | 1.4m $306.9m | Reduced -19.7k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.92% of their portfolio | 1.4m $303.2m | Added +54.0k |
| RAYMOND JAMES FINANCIAL INC 0.08% of their portfolio | 1.4m $298.0m | Reduced -181.4k |
| National Pension Service 0.19% of their portfolio | 1.3m $292.0m | Added +41.3k |
| Bank Julius Baer & Co. Ltd, Zurich 0.76% of their portfolio | 1.3m $291.7m | Reduced -49.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.20% of their portfolio | 1.3m $289.3m | Added +147.2k |
| MENORA MIVTACHIM HOLDINGS LTD. 1.10% of their portfolio | 1.3m $282.3m | Unchanged |
| BROWN BROTHERS HARRIMAN & CO 1.22% of their portfolio | 1.3m $278.1m | Reduced -29.8k |
| Vanguard Global Advisers, LLC 0.13% of their portfolio | 1.3m $277.7m | Reduced -19.7k |
| 1832 Asset Management L.P. 0.34% of their portfolio | 1.3m $276.4m | Added +249.2k |
| Longview Partners (Guernsey) LTD 4.33% of their portfolio | 1.2m $266.4m | New |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.18% of their portfolio | 1.2m $258.0m | Added +20.9k |
| APG Asset Management N.V. 0.55% of their portfolio | 1.2m $224.1m | Reduced -509.9k |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 1.2m $254.8m | Reduced -80.2k |
| NOMURA ASSET MANAGEMENT CO LTD 0.53% of their portfolio | 1.1m $245.8m | Added +9.3k |
| Alecta Tjanstepension Omsesidigt 1.00% of their portfolio | 1.1m $238.2m | Added +396.6k |
| FIRST TRUST ADVISORS LP 0.13% of their portfolio | 1.0m $228.5m | Reduced -407.8k |
| BLAIR WILLIAM & CO/IL 0.59% of their portfolio | 1.0m $225.9m | Reduced -185.6k |
| PRIMECAP MANAGEMENT CO/CA/ 0.13% of their portfolio | 1.0m $219.2m | Reduced -2.1k |
| Russell Investments Group, Ltd. 0.19% of their portfolio | 993.8k $217.2m | Reduced -27.7k |
| RHUMBLINE ADVISERS 0.16% of their portfolio | 991.0k $216.5m | Reduced -6.9k |
| NATIXIS ADVISORS, LLC 0.24% of their portfolio | 969.5k $211.8m | Reduced -8.7k |
| SG Americas Securities, LLC 0.12% of their portfolio | 968.9k $211.7m | Reduced -164.8k |
| MBB PUBLIC MARKETS I LLC 22.22% of their portfolio | 941.5k $205.7m | Added +51.0k |
| Woodline Partners LP 0.63% of their portfolio | 937.8k $204.9m | Added +650.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.18% of their portfolio | 914.5k $199.8m | Added +51.9k |
| TIMUCUAN ASSET MANAGEMENT INC/FL 7.31% of their portfolio | 909.0k $198.6m | Reduced -5.2k |
| Swedbank AB 0.17% of their portfolio | 903.9k $197.5m | Added +80.1k |
| Consulta Ltd 7.09% of their portfolio | 900.0k $196.6m | Added +300.0k |
| AMERIPRISE FINANCIAL INC 0.04% of their portfolio | 870.6k $190.2m | Added +113.6k |
| CITIGROUP INC 0.09% of their portfolio | 854.2k $186.6m | Added +238.4k |
| Eurizon Capital SGR S.p.A. 0.48% of their portfolio | 824.6k $180.5m | Reduced -9.0k |
| CIBC Bancorp USA Inc. 0.22% of their portfolio | 822.5k $179.9m | Reduced -69 |
| MCDONALD CAPITAL INVESTORS INC/CA 12.87% of their portfolio | 806.7k $176.2m | Reduced -74.1k |
| Allianz Asset Management GmbH 0.18% of their portfolio | 803.8k $170.1m | Added +417.1k |
| BRANDES INVESTMENT PARTNERS, LP 1.21% of their portfolio | 789.6k $172.5m | Reduced -79.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.10% of their portfolio | 788.5k $172.2m | Reduced -47.0k |
| BANK OF MONTREAL /CAN/ 0.06% of their portfolio | 774.8k $169.2m | Added +107.1k |
| DekaBank Deutsche Girozentrale 0.25% of their portfolio | 762.2k $151.0m | Unchanged |
| Van Cleef Asset Management,Inc 16.83% of their portfolio | 755.9k $165.1m | Reduced -10.0k |
| Markel Group Inc. 1.25% of their portfolio | 753.8k $164.7m | Unchanged |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.16% of their portfolio | 751.0k $164.1m | Reduced -189.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.08% of their portfolio | 738.1k $161.2m | Reduced -103.2k |
| LOOMIS SAYLES & CO L P 0.20% of their portfolio | 737.7k $161.2m | Reduced -23.1k |