Progressive claims president John Murphy sells $1.7m in shares By Investing.com
- Investing Investment Opportunities Markets
Ramit Sethi- 0
- 3 minutes read
John Jo Murphy, Claims President at Progressive Corp. (), sold 8,124 shares of common stock on July 27, 2026. The transaction totaled $1,727,974, with shares sold at a price of $212.7 each. The stock has since risen to $219.81, and according to InvestingPro analysis, Progressive appears undervalued at current levels—placing it among stocks on the Most Undervalued list. The insurance giant maintains a market cap of $127.8 billion with a P/E ratio of 11.1.
This sale was conducted pursuant to a pre-arranged 10b5-1 trading plan, which Mr. Murphy adopted on February 19, 2026.
Following the reported transaction, Mr. Murphy directly holds 41,290.749 shares of Progressive common stock. He also indirectly holds an additional 15,175.245 shares through a 401(k) Plan. For deeper insights into Progressive’s valuation and performance, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities.
In other recent news, Progressive Corp. has seen a series of analyst actions and evaluations. Morgan Stanley upgraded Progressive to an Equalweight rating from Underweight, citing the company’s underwriting strength and setting a new price target of $210. Meanwhile, BMO Capital has lowered its price target for Progressive to $205 due to concerns over soft pricing in the auto insurance market, maintaining a Market Perform rating. Piper Sandler reiterated its Overweight rating with a $241 price target, dismissing fears about peak results as exaggerated.
Cantor Fitzgerald maintained a Neutral rating with a $220 price target, noting weak growth in policies for June, which saw a significant decline compared to previous months. BofA Securities also adjusted its price target slightly down to $308, acknowledging June 2026 as the slowest June on record for Progressive in terms of policy growth. These developments reflect a mixed sentiment among analysts regarding Progressive’s current market position and future prospects.
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