Progressive (PGR) – Analysts’ Recent Ratings Updates

Progressive (NYSE: PGR) has recently received a number of price target changes and ratings updates:

• 7/24/2026 – Progressive was upgraded by Morgan Stanley from “underweight” to “equal weight”. They now have a $210.00 price target on the stock, up from $190.00.
• 7/16/2026 – Progressive had its price target lowered by Wells Fargo & Company from $205.00 to $198.00. They now have an “underweight” rating on the stock.
• 7/16/2026 – Progressive had its price target lowered by Bank of America Corporation from $313.00 to $308.00. They now have a “buy” rating on the stock.
• 7/16/2026 – Progressive had its price target lowered by BMO Capital Markets from $220.00 to $205.00. They now have a “market perform” rating on the stock.
• 7/16/2026 – Progressive had its price target lowered by Keefe, Bruyette & Woods from $231.00 to $226.00. They now have a “market perform” rating on the stock.
• 7/15/2026 – Progressive had its “market perform” rating reaffirmed by William Blair.
• 7/14/2026 – Progressive had its “neutral” rating reaffirmed by JPMorgan Chase & Co.. They now have a $250.00 price target on the stock.
• 7/10/2026 – Progressive was given a new $240.00 price target by Evercore Inc.
• 7/9/2026 – Progressive had its price target raised by Mizuho from $217.00 to $243.00. They now have a “neutral” rating on the stock.
• 7/8/2026 – Progressive had its price target raised by Keefe, Bruyette & Woods from $210.00 to $231.00. They now have a “market perform” rating on the stock.
• 7/6/2026 – Progressive had its price target raised by HSBC Holdings plc from $214.00 to $221.00. They now have a “hold” rating on the stock.
• 6/30/2026 – Progressive had its price target raised by UBS Group AG from $220.00 to $230.00. They now have a “neutral” rating on the stock.
• 6/29/2026 – Progressive was downgraded by Wells Fargo & Company from “equal weight” to “underweight”. They now have a $205.00 price target on the stock.
• 6/18/2026 – Progressive had its price target lowered by Wells Fargo & Company from $222.00 to $219.00. They now have an “equal weight” rating on the stock.
• 6/18/2026 – Progressive had its price target raised by Keefe, Bruyette & Woods from $208.00 to $210.00. They now have a “market perform” rating on the stock.
• 6/18/2026 – Progressive had its price target lowered by Bank of America Corporation from $331.00 to $313.00. They now have a “buy” rating on the stock.

Progressive Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 2nd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, July 2nd. Progressive’s dividend payout ratio is currently 2.01%.

Insider Activity

In other Progressive news, Director Jeffrey D. Kelly sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $216.33, for a total value of $1,514,310.00. Following the completion of the sale, the director directly owned 22,546 shares in the company, valued at $4,877,376.18. This represents a 23.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Karen Bailo sold 8,452 shares of the business’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $212.71, for a total value of $1,797,824.92. Following the completion of the sale, the insider directly owned 32,348 shares in the company, valued at $6,880,743.08. This represents a 20.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 74,885 shares of company stock worth $15,880,459 in the last 90 days. 0.32% of the stock is currently owned by corporate insiders.

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.