Analysts Set The Progressive Corporation (NYSE:PGR) Price Target at $238.11

The Progressive Corporation (NYSE:PGR) has earned an average rating of “Hold” from the twenty-two ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $238.1053.

Several research firms recently issued reports on PGR. Morgan Stanley reduced their price target on Progressive from $205.00 to $190.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. Evercore reiterated a “negative” rating on shares of Progressive in a research report on Wednesday, March 18th. Bank of America cut their price objective on Progressive from $325.00 to $320.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. UBS Group lifted their price objective on Progressive from $218.00 to $220.00 and gave the stock a “neutral” rating in a research report on Monday, March 23rd. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Progressive in a research report on Friday, May 22nd.

Progressive Price Performance

PGR opened at $204.64 on Thursday. The stock’s 50 day simple moving average is $199.73 and its 200 day simple moving average is $207.42. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.27 and a quick ratio of 0.27. Progressive has a 1 year low of $189.20 and a 1 year high of $267.92. The firm has a market cap of $119.58 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 5.93 and a beta of 0.28.

Progressive (NYSE:PGR) last posted its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.67 by $0.13. Progressive had a return on equity of 33.47% and a net margin of 12.92%.The business had revenue of $22.19 billion for the quarter, compared to analyst estimates of $23.51 billion. During the same period last year, the company earned $4.37 EPS. Progressive’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts predict that Progressive will post 16.34 earnings per share for the current year.

Progressive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, July 2nd. Progressive’s dividend payout ratio (DPR) is currently 2.03%.

Insider Transactions at Progressive

In other news, insider Steven Broz sold 1,157 shares of Progressive stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $200.00, for a total value of $231,400.00. Following the sale, the insider directly owned 28,668 shares in the company, valued at approximately $5,733,600. This trade represents a 3.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Carl G. Joyce sold 270 shares of Progressive stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $206.50, for a total value of $55,755.00. Following the completion of the sale, the chief accounting officer owned 558 shares in the company, valued at approximately $115,227. This represents a 32.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 7,343 shares of company stock worth $1,470,355. 0.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Progressive

A number of large investors have recently made changes to their positions in PGR. Illinois Municipal Retirement Fund lifted its stake in shares of Progressive by 30.2% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 102,778 shares of the insurance provider’s stock valued at $25,381,000 after purchasing an additional 23,833 shares during the period. Allstate Corp lifted its stake in shares of Progressive by 106.1% in the 4th quarter. Allstate Corp now owns 44,513 shares of the insurance provider’s stock valued at $10,136,000 after purchasing an additional 22,915 shares during the period. Prospera Financial Services Inc lifted its stake in shares of Progressive by 36.9% in the 3rd quarter. Prospera Financial Services Inc now owns 19,240 shares of the insurance provider’s stock valued at $4,752,000 after purchasing an additional 5,184 shares during the period. Norges Bank purchased a new position in shares of Progressive in the 4th quarter valued at approximately $1,836,094,000. Finally, Mariner LLC raised its stake in Progressive by 7.9% during the third quarter. Mariner LLC now owns 644,636 shares of the insurance provider’s stock valued at $159,183,000 after buying an additional 47,248 shares during the last quarter. 85.34% of the stock is currently owned by institutional investors.

Progressive News Summary

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive reported solid May 2026 results, with net premiums written up 6% year over year, policies in force up 8%, net income up 36%, and a better combined ratio of 82.1, signaling stronger underwriting profitability and continued growth. Progressive Reports May 2026 Results
• Positive Sentiment: BofA raised its price target on Progressive to $331 from $320 and kept a Buy rating, reinforcing a bullish long-term view on the stock. BofA Raises PT on The Progressive Corporation (PGR) Stock
• Neutral Sentiment: The company announced Pat Callahan will retire as Personal Lines President in January 2027, while naming Lori Niederst and Heather Day to new leadership roles. The transition appears orderly, but investors may want to see execution during the handoff. Progressive Announces Management Changes
• Neutral Sentiment: Jim Cramer said Progressive is “under a lot of pressure,” which may add some near-term caution, though the comment does not point to a specific new fundamental problem. Jim Cramer on Progressive Corporation: “That Group Is Under a Lot of Pressure”

Progressive Company Profile

Progressive Corporation is a large U.S.-based property and casualty insurer that primarily underwrites personal auto insurance along with a broad suite of related products. Its offerings include coverage for private passenger automobiles, commercial auto fleets, motorcycles, boats and recreational vehicles, as well as homeowners, renters, umbrella and other specialty P&C products. Progressive also provides claims handling, risk management and related services to individual and commercial policyholders.

The company distributes its products through a mix of direct channels—online and by phone—and an extensive independent agent network.