Progressive (NYSE:PGR) Price Target Raised to $201.00

Progressive (NYSE:PGR) had its target price hoisted by analysts at Wells Fargo & Company from $198.00 to $201.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 9.24% from the company’s current price.

Several other analysts have also commented on PGR. Morgan Stanley upgraded shares of Progressive from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $190.00 to $210.00 in a research report on Friday, July 24th. Bank of America decreased their price objective on shares of Progressive from $313.00 to $308.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. BMO Capital Markets reissued a “market perform” rating on shares of Progressive in a research note on Wednesday. Evercore set a $240.00 target price on Progressive in a research report on Friday, July 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Progressive in a research note on Monday, August 3rd. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $236.05.

Progressive Stock Performance

Shares of PGR stock traded up $4.20 on Thursday, hitting $221.47. The company had a trading volume of 750,169 shares, compared to its average volume of 3,198,920. Progressive has a twelve month low of $189.20 and a twelve month high of $252.82. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.24. The firm has a market cap of $128.76 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 2.80 and a beta of 0.27. The company has a 50-day moving average price of $214.84 and a 200-day moving average price of $206.46.

Progressive (NYSE:PGR) last posted its earnings results on Wednesday, July 15th. The insurance provider reported $5.67 EPS for the quarter, topping the consensus estimate of $4.64 by $1.03. The firm had revenue of $23.61 billion for the quarter, compared to analyst estimates of $19.49 billion. Progressive had a return on equity of 32.92% and a net margin of 12.84%.Progressive’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $5.40 earnings per share. As a group, equities research analysts predict that Progressive will post 17.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Karen Bailo sold 8,452 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $212.71, for a total transaction of $1,797,824.92. Following the completion of the sale, the insider owned 32,348 shares of the company’s stock, valued at $6,880,743.08. The trade was a 20.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CIO Jonathan S. Bauer sold 2,242 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $212.71, for a total transaction of $476,895.82. Following the transaction, the executive owned 26,250 shares of the company’s stock, valued at approximately $5,583,637.50. This trade represents a 7.87% 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. Over the last quarter, insiders have sold 82,224 shares of company stock valued at $17,416,438. 0.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On Progressive

Several hedge funds and other institutional investors have recently made changes to their positions in PGR. Bogart Wealth LLC increased its position in shares of Progressive by 235.1% during the first quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 87 shares in the last quarter. IMG Wealth Management Inc. purchased a new position in Progressive in the 2nd quarter valued at $26,000. Meeder Asset Management Inc. acquired a new stake in Progressive during the 2nd quarter worth $26,000. Bard Associates Inc. acquired a new stake in Progressive during the 4th quarter worth $27,000. Finally, Kilter Group LLC purchased a new stake in shares of Progressive during the second quarter worth $27,000. Hedge funds and other institutional investors own 85.34% of the company’s stock.

Trending Headlines about Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Keefe, Bruyette & Woods upgraded PGR to “Outperform” from “Market Perform” and raised its price target to $250 from $226. The new target implies approximately 13.5% upside from the cited trading level, providing the clearest near-term catalyst. Keefe, Bruyette & Woods upgrade article
• Positive Sentiment: Progressive’s July growth indicators remained strong: net premiums written and earned both increased 5% year over year, while total policies in force rose 7% to 40.3 million. Personal auto was the primary growth driver, supporting expectations for continued premium expansion. Progressive July 2026 results
• Neutral Sentiment: An article examining why Progressive stands apart among S&P 500 insurers may reinforce the company’s differentiated business model, but it does not appear to announce a new financial development. Progressive among S&P 500 insurers
• Negative Sentiment: July profitability weakened despite premium growth. Net income declined 12% to $961 million, earnings per share fell 11% to $1.65, and the combined ratio worsened to 86.8 from 85.3. A $47 million pretax realized investment loss, versus a $79 million gain a year earlier, added pressure. Progressive July results analysis
• Negative Sentiment: William Blair maintained a “Hold” rating, citing earnings deceleration and slowing growth. Separately, Cantor Fitzgerald issued a pessimistic forecast, underscoring valuation and near-term earnings concerns.
• Negative Sentiment: Reported insider activity shows 17 sales and no purchases over the past six months, including sales by senior executives. While such transactions may reflect routine diversification, the absence of insider buying is a potential sentiment headwind.

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.