Progressive (PGR) – Research Analysts’ Recent Ratings Changes

Progressive (NYSE: PGR) recently received a number of ratings updates from brokerages and research firms:

• 9/22/2025 – Progressive had its price target lowered by analysts at Morgan Stanley from $267.00 to $265.00. They now have an “equal weight” rating on the stock.
• 9/21/2025 – Progressive was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating.
• 9/18/2025 – Progressive was given a new $252.00 price target on by analysts at BMO Capital Markets.
• 9/18/2025 – Progressive had its price target raised by analysts at Keefe, Bruyette & Woods from $268.00 to $270.00. They now have a “market perform” rating on the stock.
• 9/18/2025 – Progressive had its “equal weight” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $265.00 price target on the stock, down previously from $327.00.
• 9/18/2025 – Progressive had its price target lowered by analysts at Bank of America Corporation from $347.00 to $343.00. They now have a “buy” rating on the stock.
• 9/17/2025 – Progressive was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $250.00 price target on the stock, down previously from $279.00.
• 9/15/2025 – Progressive is now covered by analysts at Wolfe Research. They set a “peer perform” rating on the stock.
• 9/13/2025 – Progressive was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating.
• 9/10/2025 – Progressive had its price target raised by analysts at Bank of America Corporation from $344.00 to $347.00. They now have a “buy” rating on the stock.
• 8/29/2025 – Progressive had its “buy” rating reaffirmed by analysts at Citigroup Inc..
• 8/22/2025 – Progressive had its price target raised by analysts at Morgan Stanley from $265.00 to $267.00. They now have an “equal weight” rating on the stock.
• 8/21/2025 – Progressive had its price target lowered by analysts at Wells Fargo & Company from $330.00 to $327.00. They now have an “overweight” rating on the stock.
• 8/21/2025 – Progressive had its price target lowered by analysts at BMO Capital Markets from $281.00 to $279.00. They now have an “outperform” rating on the stock.
• 8/19/2025 – Progressive had its price target lowered by analysts at Barclays PLC from $287.00 to $281.00. They now have an “equal weight” rating on the stock.
• 8/13/2025 – Progressive was upgraded by analysts at Cantor Fitzgerald to a “hold” rating.
• 8/13/2025 – Progressive is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $312.00 price target on the stock.
• 8/12/2025 – Progressive is now covered by analysts at Cantor Fitzgerald. They set a “neutral” rating and a $240.00 price target on the stock.
• 8/11/2025 – Progressive had its price target lowered by analysts at Morgan Stanley from $275.00 to $265.00. They now have an “equal weight” rating on the stock.
• 8/11/2025 – Progressive had its price target lowered by analysts at Jefferies Financial Group Inc. from $309.00 to $287.00. They now have a “buy” rating on the stock.

Progressive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Progressive’s dividend payout ratio is currently 2.25%.

Insider Activity at Progressive

In other news, insider John Jo Murphy sold 2,218 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $242.10, for a total value of $536,977.80. Following the completion of the sale, the insider directly owned 43,506 shares of the company’s stock, valued at $10,532,802.60. This represents a 4.85% 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. Also, insider Patrick K. Callahan sold 6,420 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $242.22, for a total transaction of $1,555,052.40. Following the completion of the sale, the insider directly owned 15,192 shares of the company’s stock, valued at $3,679,806.24. This trade represents a 29.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,045 shares of company stock valued at $34,635,290. Corporate insiders own 0.34% of the company’s stock.

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.