Progressive (PGR) – Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Progressive (NYSE: PGR):

• 10/19/2026 – Progressive had its “neutral” rating reaffirmed by UBS Group. They now have a $238.00 price target on the stock.
• 10/16/2026 – Progressive had its “outperform” rating reaffirmed by Raymond James Financial.
• 10/15/2026 – Progressive had its “market perform” rating reaffirmed by BMO Capital Markets.
• 10/15/2026 – Progressive was given a new $216.00 price target by BMO Capital Markets.
• 10/15/2026 – Progressive had its price target lowered by Keefe, Bruyette & Woods from $252.00 to $246.00. They now have an “outperform” rating on the stock.
• 10/15/2026 – Progressive had its price target lowered by Wells Fargo & Company from $201.00 to $196.00. They now have an “underweight” rating on the stock.
• 10/8/2026 – Progressive was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
• 10/7/2026 – Progressive had its price target raised by Barclays from $246.00 to $247.00. They now have an “overweight” rating on the stock.
• 10/7/2026 – Progressive had its “hold” rating reaffirmed by HSBC. They now have a $216.00 price target on the stock, down from $221.00.
• 10/5/2026 – Progressive had its price target raised by JPMorgan Chase & Co. from $241.00 to $250.00. They now have a “neutral” rating on the stock.
• 10/1/2026 – Progressive had its price target raised by The Goldman Sachs Group from $233.00 to $235.00. They now have a “buy” rating on the stock.
• 10/1/2026 – Progressive had its price target raised by Bank of America from $302.00 to $314.00.
• 9/21/2026 – Progressive had its “market perform” rating reaffirmed by BMO Capital Markets. They now have a $221.00 price target on the stock, up from $205.00.
• 9/21/2026 – Progressive had its “neutral” rating reaffirmed by UBS Group.
• 9/21/2026 – Progressive had its “outperform” rating reaffirmed by Raymond James Financial. They now have a $245.00 price target on the stock, down from $265.00.
• 9/18/2026 – Progressive had its “outperform” rating reaffirmed by Keefe, Bruyette & Woods. They now have a $250.00 price target on the stock.
• 9/16/2026 – Progressive had its price target lowered by Mizuho from $236.00 to $230.00. They now have a “neutral” rating on the stock.

Progressive Stock Performance

PGR traded up $5.30 during trading on Wednesday, reaching $234.41. 927,887 shares of the company’s stock were exchanged, compared to its average volume of 3,035,662. The Progressive Corporation has a 1 year low of $189.20 and a 1 year high of $239.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick ratio of 0.29. The stock has a market capitalization of $136.28 billion, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 2.70 and a beta of 0.22. The company’s fifty day simple moving average is $218.04 and its 200-day simple moving average is $209.55.

Progressive Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were paid a $0.10 dividend. The ex-dividend date was Thursday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive’s dividend payout ratio is presently 2.01%.

Insider Buying and Selling

In other Progressive news, insider Steven Broz sold 1,225 shares of the company’s stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $223.32, for a total value of $273,567.00. Following the sale, the insider directly owned 28,807 shares of the company’s stock, valued at approximately $6,433,179.24. This represents a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lori A. Niederst sold 7,339 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $209.29, for a total transaction of $1,535,979.31. Following the completion of the sale, the insider directly owned 42,567 shares in the company, valued at approximately $8,908,847.43. The trade was a 14.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 48,352 shares of company stock valued at $10,524,258 over the last 90 days. Insiders own 0.32% of the company’s stock.

Progressive Corporation is an insurance holding company headquartered in Mayfield Village, Ohio. Founded in 1937, the company provides insurance products primarily to consumers and businesses in the United States. Progressive distributes its products directly through its website, mobile channels and call centers, as well as through independent agents and brokers.

The company is best known for personal auto insurance, including coverage for cars, motorcycles, boats, recreational vehicles and other personal vehicles.