JPMorgan Chase & Co. Cuts Progressive (NYSE:PGR) Price Target to $241.00

Progressive (NYSE:PGR) had its price objective trimmed by JPMorgan Chase & Co. from $250.00 to $241.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the insurance provider’s stock.

Several other analysts have also recently weighed in on PGR. Mizuho raised their target price on shares of Progressive from $217.00 to $243.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Royal Bank Of Canada set a $208.00 price objective on shares of Progressive in a research report on Friday, May 22nd. Morgan Stanley upgraded 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 note on Friday, July 24th. Evercore set a $240.00 price objective on shares of Progressive in a report on Friday, July 10th. Finally, Bank of America reduced their target price on Progressive from $313.00 to $308.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Progressive currently has a consensus rating of “Hold” and a consensus target price of $235.26.

Progressive Trading Up 1.1%

PGR opened at $215.04 on Tuesday. Progressive has a 12 month low of $189.20 and a 12 month high of $254.93. The stock has a market capitalization of $125.02 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 2.87 and a beta of 0.27. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.29 and a quick ratio of 0.27. The business has a fifty day moving average price of $212.50 and a 200 day moving average price of $206.20.

Insider Buying and Selling

In related news, CIO Jonathan S. Bauer sold 2,242 shares of the company’s stock in a transaction on 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 $5,583,637.50. This represents a 7.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrew J. Quigg sold 3,499 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $220.00, for a total value of $769,780.00. Following the completion of the transaction, the chief financial officer owned 42,595 shares of the company’s stock, valued at $9,370,900. The trade was a 7.59% 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. Insiders have sold 74,885 shares of company stock worth $15,880,459 in the last three months. Company insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Progressive

Large investors have recently made changes to their positions in the stock. Bard Associates Inc. acquired a new position in Progressive during the fourth quarter worth about $27,000. Bogart Wealth LLC boosted its stake in shares of Progressive by 235.1% during the 1st quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 87 shares in the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in shares of Progressive in the 4th quarter worth approximately $29,000. HHM Wealth Advisors LLC increased its stake in Progressive by 700.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 144 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 126 shares in the last quarter. Finally, Acumen Wealth Advisors LLC purchased a new position in Progressive in the 4th quarter valued at approximately $33,000. 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: Progressive’s second-quarter 2026 earnings-call presentation is the most relevant company-specific item in the news flow. However, the provided headline does not include detailed results, guidance, or operating metrics, so it is not possible to determine whether the quarter materially exceeded expectations. The Progressive Corporation 2026 Q2 Results Earnings Call Presentation
• Neutral Sentiment: Several reports feature analysts discussing Progressive alongside other financial companies. The supplied articles do not specify consensus changes, price-target revisions, or rating actions, suggesting limited immediate impact from this coverage. Analysts Offer Insights on Financial Companies Analysts Have Conflicting Sentiments on Financial Companies
• Neutral Sentiment: The remaining reports concern politicians and candidates described as “progressive,” including Michigan primary elections. They do not involve The Progressive Corporation or its insurance operations and should not affect PGR’s valuation. Progressive Democrat Wins in Michigan

Progressive Company Profile

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.