BMO Capital Markets Lowers Progressive (NYSE:PGR) Price Target to $232.00

Progressive (NYSE:PGR) had its price target lowered by stock analysts at BMO Capital Markets from $239.00 to $232.00 in a research report issued on Thursday, MarketBeat reports. The firm presently has a “market perform” rating on the insurance provider’s stock. BMO Capital Markets’ price objective points to a potential upside of 11.68% from the company’s current price.

Several other equities analysts have also recently issued reports on PGR. Jefferies Financial Group reissued a “hold” rating on shares of Progressive in a research note on Wednesday, December 17th. Keefe, Bruyette & Woods increased their price target on shares of Progressive from $250.00 to $252.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. The Goldman Sachs Group set a $227.00 price objective on shares of Progressive in a research report on Wednesday, January 7th. Wells Fargo & Company dropped their target price on Progressive from $242.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Finally, Bank of America reduced their price target on Progressive from $350.00 to $348.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $255.68.

Progressive Trading Down 0.2%

Shares of PGR stock opened at $207.74 on Thursday. The company has a market capitalization of $121.82 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 1.28 and a beta of 0.34. The company has a current ratio of 0.38, a quick ratio of 0.29 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $219.58 and its two-hundred day moving average is $230.90. Progressive has a twelve month low of $198.50 and a twelve month high of $292.99.

Insider Transactions at Progressive

In other Progressive news, insider Andrew J. Quigg sold 1,649 shares of the business’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total transaction of $336,973.15. Following the sale, the insider directly owned 39,626 shares in the company, valued at approximately $8,097,573.10. The trade was a 4.00% 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. Also, CFO John P. Sauerland sold 5,000 shares of the company’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $228.48, for a total value of $1,142,400.00. Following the completion of the sale, the chief financial officer directly owned 223,024 shares in the company, valued at $50,956,523.52. This trade represents a 2.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 13,788 shares of company stock valued at $3,018,961. Company insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Progressive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PGR. Allstate Corp increased its position in Progressive by 1,614.1% during the third quarter. Allstate Corp now owns 21,598 shares of the insurance provider’s stock worth $5,334,000 after purchasing an additional 20,338 shares during the last quarter. New York Life Investment Management LLC increased its holdings in shares of Progressive by 1.4% during the 2nd quarter. New York Life Investment Management LLC now owns 87,760 shares of the insurance provider’s stock worth $23,420,000 after buying an additional 1,192 shares during the last quarter. Gateway Investment Advisers LLC raised its position in shares of Progressive by 91.7% in the 3rd quarter. Gateway Investment Advisers LLC now owns 11,710 shares of the insurance provider’s stock worth $2,892,000 after buying an additional 5,600 shares during the period. Mather Group LLC. boosted its holdings in Progressive by 40.6% in the third quarter. Mather Group LLC. now owns 16,840 shares of the insurance provider’s stock valued at $4,159,000 after acquiring an additional 4,865 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its position in Progressive by 471.3% during the third quarter. Arkadios Wealth Advisors now owns 22,496 shares of the insurance provider’s stock valued at $5,556,000 after acquiring an additional 18,558 shares during the period. Institutional investors and hedge funds own 85.34% of the company’s stock.

More Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Q4 earnings beat and commentary lifted confidence in near-term earnings momentum — analysts and coverage pieces say the results and management commentary support continued policy growth and profitability, which underpins the bullish investment thesis. How Earnings Beat And CFO Succession At Progressive (PGR) Has Changed Its Investment Story
• Positive Sentiment: Bank of America reiterated a Buy and raised its target to $334, signaling that at least some sell‑side analysts see meaningful upside from current levels based on sustained policy momentum and elevated profitability. Progressive: Sustained Policy Momentum…
• Neutral Sentiment: Progressive confirmed CFO John Sauerland will step down in July 2026; management has flagged a planned succession process — this is notable for governance but appears orderly rather than abrupt. Progressive CFO Sauerland to step down in July 2026
• Neutral Sentiment: Several retail/coverage pieces are highlighting Progressive as a relatively inexpensive or buyable insurance stock given its P/E and recent pullback; these narratives can attract value-oriented buyers but are less likely to move the stock quickly. Is Progressive Corporation (PGR) One of the Best Inexpensive Stocks to Buy Now?
• Neutral Sentiment: Product coverage note — a 2026 review of Progressive’s pet insurance appeared; incremental product expansion can support long-term premium growth but is a low-impact near-term driver. Progressive pet insurance review 2026
• Negative Sentiment: Multiple brokerages trimmed price targets and/or downgraded tone after Q4: Wells Fargo cut its target to $220 (equal weight), Keefe, Bruyette & Woods cut to $225 (market perform), and BMO trimmed its target to $232 — collective downgrades increase selling pressure and suggest some analysts reduced forward estimates. Progressive (NYSE:PGR) Price Target Lowered to $220.00 at Wells Fargo & Company
• Negative Sentiment: Follow-up coverage notes analysts broadly cut forecasts after the Q4 report, reinforcing the nearer-term caution and likely contributing to the downside in sentiment among more value/near‑term focused investors. Progressive Analysts Cut Their Forecasts After Q4 Earnings

About Progressive

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.