Is Progressive Stock a Buy, Sell, or Hold About 10% Below Its 52-Week High?

Key Points Progressive is one of the largest property and casualty insurance companies, generally producing strong underwriting results. The stock is down about 10% from its 52-week high and nearly 25% from its 2025 high, but it isn't exactly cheap. 10 stocks we like better than Progressive › Property and casualty insurer Progressive (NYSE: PGR) is probably best known for selling auto insurance. That's a highly competitive segment of the industry, but the company has proven its chops, reporting a strong combined ratio of 87.3% in the second quarter of 2026. Is the roughly 10% pullback from the 52-week high, and about 25% drawdown from 2025's peak, as of this writing, enough to make the stock a buy? Probably not if you are a value investor.