Progressive (NYSE:PGR) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Progressive (NYSE:PGR) had its target price lifted by equities researchers at Keefe, Bruyette & Woods from $208.00 to $210.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 3.27% from the company’s current price.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group cut their price objective on Progressive from $216.00 to $215.00 and set a “hold” rating on the stock in a report on Tuesday, March 24th. Wells Fargo & Company cut their price objective on Progressive from $222.00 to $219.00 and set an “equal weight” rating on the stock in a report on Thursday. Barclays set a $247.00 price objective on Progressive in a report on Wednesday, March 18th. UBS Group raised their price objective on Progressive from $218.00 to $220.00 and gave the stock a “neutral” rating in a report on Monday, March 23rd. Finally, Zacks Research upgraded Progressive from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $237.58.

Progressive Trading Down 0.5%

Shares of Progressive stock traded down $1.08 during trading hours on Thursday, reaching $203.34. The stock had a trading volume of 1,482,417 shares, compared to its average volume of 3,175,740. The firm has a 50 day simple moving average of $199.73 and a two-hundred day simple moving average of $207.42. The firm has a market capitalization of $118.82 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 5.93 and a beta of 0.28. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.26. Progressive has a 1 year low of $189.20 and a 1 year high of $267.92.

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

Insider Activity

In other news, insider Steven Broz sold 1,157 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $200.00, for a total value of $231,400.00. Following the completion of the sale, the insider owned 28,668 shares in the company, valued at approximately $5,733,600. This trade represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 John Jo Murphy sold 5,916 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $200.00, for a total value of $1,183,200.00. Following the completion of the sale, the insider owned 41,290 shares of the company’s stock, valued at approximately $8,258,000. This trade represents a 12.53% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 7,343 shares of company stock worth $1,470,355. 0.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Progressive

A number of hedge funds have recently bought and sold shares of the business. Allstate Corp grew its position in shares of Progressive by 106.1% in the 4th quarter. Allstate Corp now owns 44,513 shares of the insurance provider’s stock worth $10,136,000 after acquiring an additional 22,915 shares in the last quarter. Norges Bank acquired a new position in shares of Progressive in the 4th quarter valued at about $1,836,094,000. Mariner LLC grew its position in shares of Progressive by 7.9% during the 3rd 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. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Progressive by 5.7% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,807,068 shares of the insurance provider’s stock valued at $411,506,000 after buying an additional 97,275 shares during the last quarter. Finally, Investment House LLC acquired a new stake in Progressive during the fourth quarter worth about $8,447,000. Institutional investors and hedge funds own 85.34% of the company’s stock.

Progressive News Summary

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive reported strong May 2026 results, with net premiums written up 6%, net income up 36%, and the combined ratio improving to 82.1 from 86.9 a year ago, signaling better underwriting profitability and continued growth in policies in force. Progressive Reports May 2026 Results
• Positive Sentiment: Bank of America remained bullish on PGR, reiterating a Buy rating and raising its price target to $313 from $331 previously, suggesting meaningful upside from current levels. Benzinga
• Positive Sentiment: Progressive also reported 8% growth in total policies in force, including stronger personal auto growth, which supports the view that demand and market share remain healthy. Progressive Reports May 2026 Results
• Neutral Sentiment: Progressive announced leadership changes, including the planned January 2027 retirement of Personal Lines President Pat Callahan and new roles for Lori Niederst and Heather Day. The company emphasized a smooth internal transition, so investors may view this as routine succession planning rather than a major strategic shift. Progressive Announces Management Changes
• Neutral Sentiment: Recent attention from investors and analysts suggests PGR remains widely watched, but this is not a direct fundamental catalyst by itself. The Progressive Corporation (PGR) is Attracting Investor Attention
• Negative Sentiment: Despite keeping a Buy rating, Bank of America cut its price target from $331 to $313, which can signal slightly more cautious expectations for future upside.
• Negative Sentiment: Media commentary noting that Progressive is “under a lot of pressure” may be adding to sentiment weakness, even if it is not based on a new company filing. Jim Cramer on Progressive Corporation: “That Group Is Under a Lot of Pressure”

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.