The Progressive Corporation (NYSE:PGR) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts hold a consensus “Hold” rating on Progressive, with 13 holds, seven buys and two sells among 22 analysts. The average 12-month price target is approximately $235.95.
• Progressive reported quarterly revenue of $23.61 billion and earnings of $5.67 per share, exceeding analyst estimates; revenue increased 5% year over year, while return on equity reached 32.92%.
• The company declared a quarterly dividend of $0.10 per share, representing a $0.40 annualized payout and a 0.2% yield. Insiders sold 113,714 shares worth approximately $24.5 million during the last quarter.

The Progressive Corporation (NYSE:PGR - Get Free Report) has been given an average recommendation of "Hold" by the twenty-two analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $235.9474.

A number of analysts have issued reports on PGR shares. Royal Bank Of Canada set a $208.00 price target on shares of Progressive in a report on Friday, May 22nd. The Goldman Sachs Group restated a "buy" rating and set a $230.00 price target on shares of Progressive in a report on Wednesday, August 19th. Weiss Ratings raised Progressive from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 28th. Bank of America decreased their price objective on Progressive from $313.00 to $308.00 and set a "buy" rating on the stock in a report on Thursday, July 16th. Finally, William Blair reiterated a "market perform" rating on shares of Progressive in a research report on Wednesday, July 15th.

Progressive Stock Performance

NYSE PGR opened at $213.15 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.24. Progressive has a twelve month low of $189.20 and a twelve month high of $248.17. The business has a 50-day moving average price of $215.29 and a 200-day moving average price of $208.56. The firm has a market cap of $123.92 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 2.87 and a beta of 0.27.

Progressive (NYSE:PGR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The insurance provider reported $5.67 EPS for the quarter, topping analysts' consensus estimates of $4.64 by $1.03. Progressive had a return on equity of 32.92% and a net margin of 12.84%.The company had revenue of $23.61 billion for the quarter, compared to analysts' expectations of $19.49 billion. During the same period in the previous year, the firm earned $5.40 EPS. The firm's revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts predict that Progressive will post 17.84 EPS for the current fiscal year.

Progressive Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, October 1st. Progressive's dividend payout ratio is currently 2.01%.

Insider Transactions at Progressive

In related news, insider Karen Bailo sold 8,452 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $212.71, for a total transaction of $1,797,824.92. Following the sale, the insider owned 32,348 shares in the company, valued at approximately $6,880,743.08. This represents a 20.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeffrey D. Kelly sold 7,000 shares of Progressive stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $216.33, for a total transaction of $1,514,310.00. Following the transaction, the director directly owned 22,546 shares of the company's stock, valued at $4,877,376.18. The trade was a 23.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 113,714 shares of company stock worth $24,466,294 in the last quarter. Company insiders own 0.32% of the company's stock.

Institutional Trading of Progressive

Institutional investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC raised its holdings in shares of Progressive by 235.1% in the first quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider's stock worth $25,000 after buying an additional 87 shares during the period. IMG Wealth Management Inc. bought a new position in Progressive in the 2nd quarter valued at $26,000. Meeder Asset Management Inc. bought a new position in Progressive in the 2nd quarter valued at $26,000. Bard Associates Inc. purchased a new stake in Progressive in the fourth quarter worth $27,000. Finally, Kilter Group LLC purchased a new stake in Progressive in the second quarter worth $27,000. Institutional investors own 85.34% of the company's stock.

Key Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Keefe, Bruyette & Woods reaffirmed its “Outperform” rating and raised or maintained a $250 price target, implying approximately 17.3% upside from the referenced share price. This signals confidence that Progressive’s long-term growth and earnings prospects remain attractive. Keefe, Bruyette & Woods rating report
• Positive Sentiment: August net premiums written increased 6% to $7.605 billion, while net premiums earned rose 5% to $7.354 billion. Total policies in force grew 7% to 40.492 million, led by gains in direct auto, agency auto, and special lines, indicating continued customer and market-share expansion. Progressive August 2026 results
• Neutral Sentiment: Mizuho Securities maintained its “Hold” rating on PGR, reflecting a more cautious view despite Progressive’s longer-term growth profile. Mizuho rating report
• Negative Sentiment: Net income fell 22% to $951 million, and earnings per share declined 21% to $1.63. The combined ratio worsened to 89.3 from 83.1, pointing to reduced underwriting profitability and likely driving the stock’s decline.
• Negative Sentiment: Although pretax realized investment gains rose 38%, they were not enough to offset the lower underwriting results and overall profit decline, increasing investor concerns about claims costs and operating margins.

About Progressive

Progressive Corporation, founded in 1937 and headquartered in Mayfield Village, Ohio, is an insurance company that primarily serves customers in the United States. The company is best known for its personal and commercial auto insurance businesses and distributes products through independent agents, direct channels and digital platforms.

Progressive offers a broad range of insurance products, including coverage for automobiles, motorcycles, boats, recreational vehicles, homes and renters.

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