Brokerages Set The Progressive Corporation (NYSE:PGR) PT at $264.92

The Progressive Corporation (NYSE:PGR) has received an average rating of “Hold” from the twenty-two research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $264.6824.

Several equities analysts recently commented on PGR shares. Wells Fargo & Company cut their target price on Progressive from $247.00 to $242.00 and set an “equal weight” rating for the company in a research report on Friday. Wolfe Research started coverage on Progressive in a report on Monday, September 15th. They set a “peer perform” rating for the company. Wall Street Zen lowered shares of Progressive from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. HSBC set a $259.00 price target on shares of Progressive and gave the company an “underperform” rating in a report on Monday, November 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Progressive from $301.00 to $303.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th.

Progressive Stock Down 0.2%

PGR opened at $224.30 on Thursday. The company has a market capitalization of $131.53 billion, a P/E ratio of 12.30, a P/E/G ratio of 1.26 and a beta of 0.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.29 and a quick ratio of 0.29. The firm’s fifty day moving average price is $222.77 and its two-hundred day moving average price is $240.83. Progressive has a fifty-two week low of $199.90 and a fifty-two week high of $292.99.

Progressive (NYSE:PGR) last announced its quarterly earnings results on Wednesday, October 15th. The insurance provider reported $4.45 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 the consensus estimate of $21.64 billion. Progressive had a return on equity of 33.88% and a net margin of 12.57%.During the same quarter in the prior year, the business earned $3.58 EPS. On average, analysts anticipate that Progressive will post 14.68 EPS for the current year.

Progressive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Friday, January 2nd will be given a dividend of $0.10 per share. The ex-dividend date is Friday, January 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Progressive’s dividend payout ratio is 2.19%.

Insiders Place Their Bets

In other news, insider Steven Broz sold 1,345 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $228.29, for a total value of $307,050.05. Following the completion of the sale, the insider directly 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO John P. Sauerland sold 5,000 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $228.48, for a total transaction of $1,142,400.00. Following the transaction, the chief financial officer owned 223,024 shares in the company, valued at approximately $50,956,523.52. This trade represents a 2.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,690 shares of company stock valued at $1,745,350 over the last ninety days. Insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Progressive

Institutional investors have recently modified their holdings of the stock. Rise Advisors LLC grew its stake in shares of Progressive by 7.4% during the first quarter. Rise Advisors LLC now owns 521 shares of the insurance provider’s stock valued at $147,000 after purchasing an additional 36 shares during the last quarter. LRI Investments LLC boosted its position in Progressive by 13.4% in the 2nd quarter. LRI Investments LLC now owns 338 shares of the insurance provider’s stock valued at $90,000 after buying an additional 40 shares during the last quarter. CVA Family Office LLC increased its stake in shares of Progressive by 4.2% in the 2nd quarter. CVA Family Office LLC now owns 1,053 shares of the insurance provider’s stock valued at $281,000 after buying an additional 42 shares during the period. Bell Investment Advisors Inc raised its position in shares of Progressive by 20.8% during the second quarter. Bell Investment Advisors Inc now owns 256 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 44 shares during the last quarter. Finally, Maia Wealth LLC lifted its stake in shares of Progressive by 5.4% during the second quarter. Maia Wealth LLC now owns 857 shares of the insurance provider’s stock valued at $229,000 after acquiring an additional 44 shares during the period. 85.34% of the stock is owned by institutional investors.

Key Headlines Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on PGR to $250 and kept a “market perform” rating — a modest vote of confidence that implies upside from current levels. KBW price target raise
• Neutral Sentiment: BMO Capital Markets trimmed its target slightly (from $256 to $253) but maintained a “market perform” view; the change is small and keeps implied upside intact. BMO target change
• Neutral Sentiment: Brokerage consensus remains around “Hold” for PGR, per a recent aggregation — this keeps expectations cautious rather than bullish. Brokerage consensus
• Neutral Sentiment: Investor attention to PGR is high (search and site-traffic notes), which can amplify moves but doesn’t by itself change fundamentals. Investor interest
• Neutral Sentiment: Some headlines discuss dividend implications and a sector downgrade that could alter the investment case — watch for follow-up on capital return policy and whether downgrades spread across insurers. Dividend/sector piece
• Neutral Sentiment: Be aware of name confusion in newsfeeds: unrelated companies (e.g., a drug approval for “JASCAYD” and results from “Progressive Planet”) reference “Progressive” but do not affect PGR’s insurance business. JASCAYD approval (unrelated) Progressive Planet (unrelated)
• Negative Sentiment: Analyst skepticism: Morgan Stanley (and commentary aggregated on TipRanks) reiterated concerns — citing decelerating growth, rising competition and smaller buybacks — and kept a Sell stance, which likely weighs on sentiment and downside risk. Morgan Stanley sell thesis
• Negative Sentiment: Recent coverage notes PGR shares slipped despite a stronger market — short-term technical/flow factors and the negative analyst narrative are contributing to the decline. Price drop article

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.