PROGRESSIVE CORP/OH/
At today's price, PROGRESSIVE CORP/OH/ (PGR) is priced for 21.9% return on equity. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Progressive is running a year-to-date combined ratio of 86.4 while growing policies in force about 8% to roughly 40 million, a rare combination of best-in-decades underwriting and a still-expanding book. • The biggest specific risk is loss-cost normalization: the current low-80s combined ratio is a cyclical peak, and the 10-K notes claims costs are "influenced by inflation and driving" patterns, so margins compress when severity or frequency reaccelerate faster than regulators approve new rate
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1,720 institutional managers reported holding PGR in 13F filings for the quarter ended 2026-03-31. Together they hold about 85% of the company; the top 10 hold 40%. 131 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 7.6M shares were sold short as of the 2026-06-15 count, about 1% of shares outstanding (2.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PGR's share count is about flat over the past five years. It pays a dividend, and has for 16 years running, raised 2 years straight; the current rate is $13.90 a share annually. Cash returned over the past three years: $11.63B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at PGR over the trailing three years. Absence is a fact about the company, not a signal. 25 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PGR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-02 | -11.6% | +13.4% |
| 2023-11-01 | +8.2% | +2.2% |
| 2024-02-27 | +4.0% | +8.3% |
| 2024-05-07 | +0.8% | -2.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PGR's latest 8-K filings: 2026-06-17 (items 5.02, 7.01, 9.01); 2026-05-20 (items 7.01, 9.01); 2026-05-12 (items 5.02, 5.07, 7.01, 9.01); 2026-04-15 (items 2.02, 9.01); 2026-03-26 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: July 3, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.