Progressive (NYSE:PGR) Price Target Raised to $231.00

Posted by ABMN Staff on Jul 11th, 2026

Progressive (NYSE:PGR – Free Report) had its price objective increased by Keefe, Bruyette & Woods from $210.00 to $231.00 in a research note published on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the insurance provider’s stock.

Several other equities research analysts have also recently weighed in on the stock. Wells Fargo & Company cut shares of Progressive from an “equal weight” rating to an “underweight” rating and set a $205.00 target price for the company. in a research note on Monday, June 29th. HSBC boosted their price target on Progressive from $214.00 to $221.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Barclays set a $247.00 price target on Progressive in a report on Wednesday, March 18th. Evercore reissued a “negative” rating on shares of Progressive in a report on Wednesday, March 18th. Finally, Mizuho lowered their price objective on Progressive from $235.00 to $223.00 and set a “neutral” rating on the stock in a research report on Friday, March 20th. Six investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $238.05.

Read Our Latest Stock Report on PGR

Progressive Price Performance

NYSE:PGR opened at $230.59 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.27 and a quick ratio of 0.27. Progressive has a one year low of $189.20 and a one year high of $254.93. The company has a fifty day moving average price of $206.90 and a 200 day moving average price of $206.90. The stock has a market cap of $134.74 billion, a P/E ratio of 11.72, a PEG ratio of 4.34 and a beta of 0.26.

Progressive (NYSE:PGR – Get Free Report) last posted its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.67 by $0.13. Progressive had a net margin of 12.92% and a return on equity of 33.47%. The company had revenue of $22.19 billion for the quarter, compared to analyst estimates of $23.51 billion. During the same period last year, the business posted $4.37 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts anticipate that Progressive will post 17.28 earnings per share for the current year.

Progressive Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 2nd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, July 2nd. Progressive’s dividend payout ratio is 2.03%.

Insiders Place Their Bets

In other Progressive news, insider John Jo Murphy sold 5,916 shares of Progressive stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $200.00, for a total transaction of $1,183,200.00. Following the sale, the insider directly owned 41,290 shares of the company’s stock, valued at approximately $8,258,000. The trade was a 12.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, Director Jeffrey D. Kelly sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $216.33, for a total value of $1,514,310.00. Following the completion of the sale, the director owned 22,546 shares in the company, valued at approximately $4,877,376.18. This represents a 23.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,230 shares of company stock worth $3,165,817 over the last quarter. Company insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PGR. Vanguard Group Inc. increased its position in shares of Progressive by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 55,261,140 shares of the insurance provider’s stock worth $12,584,067,000 after purchasing an additional 593,612 shares in the last quarter. State Street Corp raised its stake in shares of Progressive by 0.3% in the third quarter. State Street Corp now owns 25,808,762 shares of the insurance provider’s stock valued at $6,373,474,000 after acquiring an additional 78,374 shares during the last quarter. Capital International Investors boosted its holdings in shares of Progressive by 8.9% in the 4th quarter. Capital International Investors now owns 14,921,724 shares of the insurance provider’s stock worth $3,398,123,000 after acquiring an additional 1,217,527 shares in the last quarter. GQG Partners LLC grew its position in Progressive by 11.7% during the 4th quarter. GQG Partners LLC now owns 10,432,549 shares of the insurance provider’s stock worth $2,375,706,000 after acquiring an additional 1,092,151 shares during the last quarter. Finally, Norges Bank acquired a new stake in Progressive during the 4th quarter valued at $1,836,094,000. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Progressive

Here are the key news stories impacting Progressive this week:

Positive Sentiment: Mizuho raised its price target on Progressive (PGR) to $243 from $217, while keeping a neutral rating, signaling improved expectations for the insurer’s near-term upside. Mizuho Raises Progressive Price Target
Positive Sentiment: DOWLING & PARTNERS increased its FY2026 earnings estimate for Progressive to $18.00 per share from $17.75, above the broader consensus of $17.28, which suggests analysts see continued earnings strength. Progressive Analyst Estimate Increase
Positive Sentiment: One recent commentary piece argued that improving underwriting trends and a possible index-exit effect could be a “game changer” for Progressive, reinforcing the bullish view that fundamentals may support the stock. Index Exit and Upbeat Underwriting Trends Could Be A Game Changer For Progressive
Neutral Sentiment: Another article said Progressive still looks fully valued after Russell Growth Index exits, which could limit enthusiasm even though it does not change the company’s operating outlook. Progressive After Russell Growth Index Exits Still Looks Fully Valued
Neutral Sentiment: A comparison piece versus Allstate argued that Progressive’s valuation remains premium relative to peers, highlighting a potential headwind for multiple expansion rather than a direct business concern. Allstate Vs. Progressive: Buy Allstate’s Deep-Value Multiple Not Progressive’s Premium Run

Progressive Company Profile

(Get Free Report)

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.