Analysts’ Weekly Ratings Changes for Progressive (PGR)

A number of firms have modified their ratings and price targets on shares of Progressive (NYSE: PGR) recently:

• 5/22/2026 – Progressive was given a new $208.00 price target by Royal Bank Of Canada.
• 5/22/2026 – Progressive had its “market perform” rating reaffirmed by Keefe, Bruyette & Woods.
• 5/21/2026 – Progressive had its price target raised by Wells Fargo & Company from $218.00 to $222.00. They now have an “equal weight” rating on the stock.
• 5/20/2026 – Progressive had its price target lowered by Bank of America Corporation from $325.00 to $320.00. They now have a “buy” rating on the stock.
• 5/20/2026 – Progressive had its “market perform” rating reaffirmed by BMO Capital Markets. They now have a $220.00 price target on the stock.
• 5/6/2026 – Progressive was downgraded by Weiss Ratings from “hold (c+)” to “hold (c)”.
• 4/16/2026 – Progressive had its price target raised by BMO Capital Markets from $208.00 to $221.00. They now have a “market perform” rating on the stock.
• 4/16/2026 – Progressive had its price target raised by Wells Fargo & Company from $215.00 to $218.00. They now have an “equal weight” rating on the stock.
• 4/14/2026 – Progressive had its price target raised by Bank of America Corporation from $295.00 to $298.00. They now have a “buy” rating on the stock.
• 4/9/2026 – Progressive had its price target lowered by Wells Fargo & Company from $217.00 to $215.00. They now have an “equal weight” rating on the stock.
• 4/7/2026 – Progressive had its price target lowered by Keefe, Bruyette & Woods from $227.00 to $210.00. They now have a “market perform” rating on the stock.
• 3/31/2026 – Progressive had its price target lowered by Morgan Stanley from $205.00 to $190.00. They now have an “underweight” rating on the stock.
• 3/27/2026 – Progressive had its “hold (c+)” rating reaffirmed by Weiss Ratings.

Progressive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, July 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Progressive’s dividend payout ratio is currently 2.03%.

Insiders Place Their Bets

In related news, CAO Carl G. Joyce sold 270 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $206.50, for a total transaction of $55,755.00. Following the completion of the sale, the chief accounting officer owned 558 shares in the company, valued at $115,227. This represents a 32.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karen Bailo sold 3,517 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $212.00, for a total transaction of $745,604.00. Following the sale, the insider owned 32,348 shares of the company’s stock, valued at approximately $6,857,776. This represents a 9.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,928 shares of company stock valued at $831,251. 0.32% of the stock is owned by company insiders.

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.