Progressive Officer Files Intent to Sell $296K in Stock (PGR)
PROGRESSIVE CORP/OH/
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Filing Summary
Progressive Officer Files Intent to Sell $296K in Stock (PGR)
Company: PROGRESSIVE CORP/OH/ (PGR) Form: 144 | Filed: 2025-11-12 Significance: Low
Insider: Broz Steven Title: Not Specified | Relationship: Officer
Transaction: • Type: Proposed Sale • Shares: 1,345 • Approx. Value: $295,900
Key Insight: This is a notice of a proposed sale under a pre-arranged 10b5-1 trading plan. The transaction size is negligible (0.00023% of market cap), indicating a routine, non-eventful sale likely for personal financial management.
This is PUBLIC SEC data for educational purposes. Not investment advice.
Comprehensive Analysis
SEC Filing Analysis: PROGRESSIVE CORP/OH/ (PGR)
Executive Summary
- Trading Significance: Low
- Key Takeaway: An officer at Progressive has filed a notice of a proposed sale of common stock valued at approximately $295,900, executed under a pre-established 10b5-1 trading plan.
- Market Impact: The transaction is immaterial relative to Progressive's $127.56 billion market capitalization and is not expected to have any impact on the stock price.
Company Information
| Field | Value |
|---|---|
| Company | PROGRESSIVE CORP/OH/ |
| Ticker Symbol | PGR |
| CIK | 0000080661 |
| Industry | FIRE, MARINE & CASUALTY INSURANCE |
Insider Information
| Field | Value |
|---|---|
| Name | Broz Steven |
| CIK | 0001665574 |
| Title/Position | Not Specified |
| Relationship | Officer |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 144 |
| Transaction Date | 2025-11-11 (Approximate) |
| Transaction Code | S (Proposed Sale) |
| Security Type | Common |
| Shares Involved | 1,345 |
| Price Per Share | $220.00 (Approximate) |
| Total Value | $295,900.00 |
| Shares Owned After | Not Specified |
| Ownership Type | Not Specified |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $295,900.00 |
| % of Market Cap | 0.00023% |
| Shares Transacted | 1,345 |
| % of Shares Outstanding | 0.00023% |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: The transaction value of $295,900 is negligible for a mega-cap company with a market capitalization of $127.56 billion.
- Transaction Significance: The sale represents a tiny fraction of both the company's market value and its total shares outstanding, confirming its low significance. Such small, pre-planned sales by executives are common for liquidity and diversification purposes and do not typically signal a change in the insider's outlook on the company.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: The sale is extremely small and was conducted under a 10b5-1 plan, which removes any implication of being based on non-public information. The market will likely ignore this filing.
Volume & Sentiment
- Expected Volume Impact: None. The number of shares is too small to affect trading volume.
- Sentiment Indicator: Neutral. This is a routine filing with no informational value for investors.
Additional Context
Special Circumstances
- The sale is planned under a Rule 10b5-1 trading plan adopted on January 30, 2025. This indicates the sale was pre-scheduled and not based on any immediate market-moving information.
- The filing also notes similar sales by the insider in August and September 2025, establishing a pattern of regular, small-scale dispositions.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.