Progressive (PGR) – Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Progressive (NYSE: PGR) in the last few weeks:

• 6/29/2026 – Progressive was downgraded by Wells Fargo & Company from “equal weight” to “underweight”. They now have a $205.00 price target on the stock.
• 6/18/2026 – Progressive had its price target lowered by Wells Fargo & Company from $222.00 to $219.00. They now have an “equal weight” rating on the stock.
• 6/18/2026 – Progressive had its price target raised by Keefe, Bruyette & Woods from $208.00 to $210.00. They now have a “market perform” rating on the stock.
• 6/18/2026 – Progressive had its price target lowered by Bank of America Corporation from $331.00 to $313.00. They now have a “buy” rating on the stock.
• 5/22/2026 – Progressive was given a new $208.00 price target by Royal Bank Of Canada.
• 5/22/2026 – Progressive had its “market perform” rating reaffirmed by Keefe, Bruyette & Woods.
• 5/21/2026 – Progressive had its price target raised by Wells Fargo & Company from $218.00 to $222.00. They now have an “equal weight” rating on the stock.
• 5/20/2026 – Progressive had its price target lowered by Bank of America Corporation from $325.00 to $320.00. They now have a “buy” rating on the stock.
• 5/20/2026 – Progressive had its “market perform” rating reaffirmed by BMO Capital Markets. They now have a $220.00 price target on the stock.
• 5/6/2026 – Progressive was downgraded by Weiss Ratings from “hold (c+)” to “hold (c)”.

Progressive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, July 2nd. Progressive’s dividend payout ratio (DPR) is 2.03%.

Insider Buying and Selling at Progressive

In related news, Director Jeffrey D. Kelly sold 7,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $216.33, for a total transaction of $1,514,310.00. Following the sale, the director directly owned 22,546 shares in the company, valued at $4,877,376.18. This trade represents a 23.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Jo Murphy sold 5,916 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $200.00, for a total transaction of $1,183,200.00. Following the completion of the sale, the insider directly owned 41,290 shares in the company, valued at $8,258,000. This represents a 12.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 15,230 shares of company stock valued at $3,165,817. 0.32% of the stock is currently owned by corporate insiders.

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.