Progressive (NYSE:PGR) Price Target Lowered to $220.00 at Wells Fargo & Company

Progressive (NYSE:PGR) had its price target trimmed by Wells Fargo & Company from $240.00 to $220.00 in a report published on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the insurance provider’s stock.

A number of other analysts have also commented on PGR. Zacks Research lowered Progressive from a “hold” rating to a “strong sell” rating in a report on Monday. Hsbc Global Res cut Progressive from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Morgan Stanley reduced their price target on Progressive from $214.00 to $205.00 and set an “underweight” rating for the company in a research report on Wednesday. Citigroup cut their price objective on shares of Progressive from $301.38 to $300.60 and set a “buy” rating on the stock in a research report on Monday, December 15th. Finally, Bank of America reduced their target price on shares of Progressive from $350.00 to $348.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Progressive currently has an average rating of “Hold” and a consensus price target of $257.27.

Progressive Trading Down 2.2%

Shares of NYSE:PGR opened at $208.04 on Thursday. The firm has a market cap of $121.99 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.30 and a beta of 0.34. Progressive has a 12 month low of $198.50 and a 12 month high of $292.99. The company’s fifty day simple moving average is $219.97 and its 200 day simple moving average is $231.18. The company has a quick ratio of 0.29, a current ratio of 0.38 and a debt-to-equity ratio of 0.23.

Progressive Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd were paid a $0.10 dividend. The ex-dividend date was Friday, January 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Progressive’s dividend payout ratio (DPR) is currently 2.19%.

Insider Activity

In related news, insider Steven Broz sold 1,345 shares of Progressive stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $228.29, for a total transaction of $307,050.05. Following the completion of the transaction, the insider owned 27,698 shares in the company, valued at approximately $6,323,176.42. This trade represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Andrew J. Quigg sold 1,649 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total value of $336,973.15. Following the transaction, the insider directly owned 39,626 shares in the company, valued at approximately $8,097,573.10. This trade represents a 4.00% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 13,788 shares of company stock worth $3,018,961. Insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Progressive

A number of large investors have recently added to or reduced their stakes in PGR. Davis Capital Management acquired a new position in shares of Progressive in the third quarter valued at $25,000. Dagco Inc. bought a new stake in shares of Progressive during the 4th quarter worth about $28,000. Atlantic Union Bankshares Corp acquired a new position in Progressive in the 2nd quarter valued at about $33,000. Howard Hughes Medical Institute bought a new position in Progressive in the 2nd quarter valued at about $34,000. Finally, Ameriflex Group Inc. lifted its position in Progressive by 106.6% during the third quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 85.34% of the company’s stock.

Progressive News Roundup

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Q4 results beat expectations — EPS and revenue topped consensus, underwriting remained disciplined with a strong combined ratio, and management highlighted policy/premium momentum and margin focus. This supports the case for sustained profitability. Zacks: Q4 Earnings
• Positive Sentiment: At least one major firm (Bank of America) reiterated a Buy and raised its price target, citing sustained policy momentum and elevated profitability — a bullish analyst view that supports upside vs. many peers. TipRanks: BofA Buy Rating
• Neutral Sentiment: Management announced CFO John Sauerland will retire July 3, 2026, with Chief Strategy Officer Andrew Quigg slated to succeed him; the internal succession plan aims to ensure continuity, which reduces leadership-transition risk but still adds short-term uncertainty. GlobeNewswire: CFO Transition
• Negative Sentiment: Multiple analysts trimmed forecasts and lowered price targets (Wells Fargo to $220, BMO to $232) and at least one shop cut its rating; Zacks moved to a more negative stance — these downgrades and lower targets appear to be the primary driver of selling pressure despite the beat. Benzinga: Analyst Moves The Fly: BMO Target Cut

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.