Brokerages Set The Progressive Corporation (NYSE:PGR) PT at $236.11

Shares of The Progressive Corporation (NYSE:PGR) have been given a consensus rating of “Hold” by the twenty-two analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $235.6316.

PGR has been the subject of several research reports. UBS Group raised their price objective on shares of Progressive from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. Bank of America dropped their target price on shares of Progressive from $313.00 to $308.00 and set a “buy” rating on the stock in a report on Thursday, July 16th. William Blair restated a “market perform” rating on shares of Progressive in a report on Wednesday, July 15th. Keefe, Bruyette & Woods decreased their price target on shares of Progressive from $231.00 to $226.00 and set a “market perform” rating on the stock in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada set a $208.00 price target on Progressive in a report on Friday, May 22nd.

Progressive Price Performance

NYSE:PGR opened at $210.72 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $211.78 and its 200 day moving average price is $206.05. Progressive has a 52-week low of $189.20 and a 52-week high of $254.93. The firm has a market cap of $123.13 billion, a P/E ratio of 10.57, a PEG ratio of 2.84 and a beta of 0.27.

Progressive Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 2nd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, July 2nd. Progressive’s payout ratio is presently 2.01%.

Insider Activity at Progressive

In related news, CIO Jonathan S. Bauer sold 2,242 shares of Progressive stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $212.71, for a total value of $476,895.82. Following the transaction, the executive owned 26,250 shares of the company’s stock, valued at approximately $5,583,637.50. This trade represents a 7.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Susan Patricia Griffith sold 37,338 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $212.71, for a total value of $7,942,165.98. Following the sale, the chief executive officer owned 522,776 shares in the company, valued at approximately $111,199,682.96. The trade was a 6.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 74,885 shares of company stock valued at $15,880,459 over the last ninety days. Company insiders own 0.32% of the company’s stock.

Institutional Trading of Progressive

A number of hedge funds have recently bought and sold shares of the company. Bard Associates Inc. purchased a new position in Progressive during the 4th quarter worth approximately $27,000. Bogart Wealth LLC lifted its holdings in shares of Progressive by 235.1% in the first quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 87 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in shares of Progressive in the fourth quarter valued at $29,000. HHM Wealth Advisors LLC boosted its position in shares of Progressive by 700.0% in the first quarter. HHM Wealth Advisors LLC now owns 144 shares of the insurance provider’s stock worth $29,000 after buying an additional 126 shares during the period. Finally, Acumen Wealth Advisors LLC acquired a new stake in shares of Progressive in the fourth quarter worth $33,000. 85.34% of the stock is owned by hedge funds and other institutional investors.

Key Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive’s second-quarter earnings call highlighted continued leadership in auto insurance and signs of a turnaround in its property business. These themes support the company’s growth outlook and may be helping investor sentiment. Progressive’s Earnings Call: Auto Leadership, Property Turnaround
• Positive Sentiment: Recent investment commentary described Progressive as a potentially attractive insurance stock, reflecting confidence in its business quality and long-term positioning. Why Progressive Could Be One of the Best Insurance Stocks to Own
• Neutral Sentiment: Progressive released its second-quarter results and related earnings presentation, giving investors updated information on revenue, profitability, insurance metrics and performance versus expectations. The results are being assessed alongside management’s outlook. The Progressive Corporation 2026 Q2 Results Earnings Call Presentation
• Neutral Sentiment: Wolfe Research maintained a Hold rating, citing a balanced risk-reward profile and strong capital deployment. The stance indicates support for Progressive’s fundamentals but limited conviction that the shares will outperform in the near term. Progressive: Balanced Risk-Reward and Robust Capital Deployment Support Hold Rating
• Negative Sentiment: JPMorgan lowered its price target from $250 to $241 and retained a Neutral rating. Although the new target implies upside, the reduction signals more restrained expectations and is a potential short-term pressure on PGR. Progressive Price Target Update

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.