Progressive (NYSE:PGR) Price Target Raised to $252.00

Progressive (NYSE:PGR) had its price objective boosted by Keefe, Bruyette & Woods from $250.00 to $252.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has a market perform rating on the insurance provider’s stock.

Several other research firms have also recently issued reports on PGR. Jefferies Financial Group restated a “hold” rating on shares of Progressive in a research report on Wednesday, December 17th. William Blair cut shares of Progressive from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Progressive in a report on Monday, December 29th. BMO Capital Markets reduced their price target on shares of Progressive from $256.00 to $253.00 and set a “market perform” rating on the stock in a research report on Thursday, December 18th. Finally, Barclays lowered their price objective on Progressive from $271.00 to $257.00 and set an “equal weight” rating for the company in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $260.74.

Progressive Trading Up 1.9%

Shares of Progressive stock opened at $213.01 on Tuesday. The firm has a 50-day simple moving average of $223.08 and a two-hundred day simple moving average of $236.52. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.29 and a current ratio of 0.29. Progressive has a fifty-two week low of $199.90 and a fifty-two week high of $292.99. The company has a market cap of $124.91 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 1.27 and a beta of 0.34.

Progressive (NYSE:PGR) last announced its earnings results on Wednesday, October 15th. The insurance provider reported $4.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.04 by ($0.59). The business had revenue of $21.38 billion for the quarter, compared to analysts’ expectations of $21.64 billion. Progressive had a net margin of 12.57% and a return on equity of 33.88%. During the same quarter last year, the business earned $3.58 EPS. As a group, equities analysts predict that Progressive will post 14.68 earnings per share for the current fiscal year.

Progressive Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Friday, January 2nd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.40 annualized dividend and a yield of 0.2%. Progressive’s dividend payout ratio is presently 2.19%.

Insider Transactions at Progressive

In related news, insider Steven Broz sold 1,344 shares of Progressive stock in a transaction on Friday, December 19th. The stock was sold at an average price of $224.80, for a total value of $302,131.20. Following the completion of the transaction, the insider directly owned 26,354 shares in the company, valued at approximately $5,924,379.20. This trade represents a 4.85% 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, CFO John P. Sauerland sold 5,000 shares of the business’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $228.48, for a total value of $1,142,400.00. Following the transaction, the chief financial officer directly owned 223,024 shares of the company’s stock, valued at $50,956,523.52. The trade was a 2.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 9,034 shares of company stock worth $2,047,481 over the last quarter. Insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Progressive

Large investors have recently bought and sold shares of the business. LRI Investments LLC lifted its position in Progressive by 13.4% during the 2nd quarter. LRI Investments LLC now owns 338 shares of the insurance provider’s stock worth $90,000 after acquiring an additional 40 shares during the period. CVA Family Office LLC lifted its holdings in shares of Progressive by 4.2% during the second quarter. CVA Family Office LLC now owns 1,053 shares of the insurance provider’s stock worth $281,000 after purchasing an additional 42 shares during the period. Bell Investment Advisors Inc grew its position in Progressive by 20.8% in the 2nd quarter. Bell Investment Advisors Inc now owns 256 shares of the insurance provider’s stock valued at $68,000 after buying an additional 44 shares during the last quarter. Maia Wealth LLC increased its stake in Progressive by 5.4% in the 2nd quarter. Maia Wealth LLC now owns 857 shares of the insurance provider’s stock valued at $229,000 after buying an additional 44 shares during the period. Finally, Advisory Alpha LLC increased its stake in Progressive by 4.8% in the 1st quarter. Advisory Alpha LLC now owns 981 shares of the insurance provider’s stock valued at $278,000 after buying an additional 45 shares during the period. Hedge funds and other 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 raised its price target to $252, providing explicit analyst support that can lift sentiment and buying interest. Article Title
• Positive Sentiment: Analysts still expect high single‑digit bottom‑line growth for the coming quarter and a multi‑year EPS outlook that supports valuation (consensus EPS guidance remains constructive). This underpins arguments that shares are attractively priced versus expected earnings. Article Title
• Neutral Sentiment: JPMorgan lowered its price target (from $303 to $275) but kept an Overweight rating — a mixed signal: upside remains meaningful, but the trimmed target suggests some moderation in near‑term confidence. Article Title
• Neutral Sentiment: Zacks published pieces noting that PGR is “lapping the market” and is a trending name on its platform — increased attention can amplify moves in either direction depending on news flow. Article Title Article Title
• Neutral Sentiment: Analysis shows Progressive’s total shareholder return has outpaced earnings growth over five years — a note for investors weighing valuation vs. capital return track record. Article Title
• Negative Sentiment: Recent execution risk: Progressive missed Q3 EPS consensus (reported $4.45 vs. $5.04 expected) and revenue slightly missed estimates — a reminder that underwriting and loss trends can dent near‑term results and pressure the stock. (Quarterly report: Oct. 15)
• Negative Sentiment: Some coverage noted the stock traded down at points despite “strong” results, highlighting that market rotation, risk‑on leadership and momentum factors can work against insurers even with solid fundamentals. Article Title

Progressive Company Profile

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.