BMO Capital Markets Cuts Progressive (NYSE:PGR) Price Target to $205.00

Progressive (NYSE:PGR) had its price target lowered by analysts at BMO Capital Markets from $220.00 to $205.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the insurance provider’s stock. BMO Capital Markets’ price target indicates a potential downside of 0.04% from the company’s previous close.

Other research analysts have also issued research reports about the company. Royal Bank Of Canada set a $208.00 price objective on Progressive in a report on Friday, May 22nd. Bank of America lowered their price target on Progressive from $331.00 to $313.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Progressive in a report on Tuesday. HSBC boosted their target price on shares of Progressive from $214.00 to $221.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Finally, William Blair reissued a “market perform” rating on shares of Progressive in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $235.68.

Progressive Trading Down 9.5%

NYSE PGR opened at $205.09 on Thursday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.26. Progressive has a 1-year low of $189.20 and a 1-year high of $254.93. The firm’s fifty day simple moving average is $208.29 and its 200-day simple moving average is $206.64. The company has a market capitalization of $119.84 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 4.28 and a beta of 0.26.

Progressive (NYSE:PGR) last released its quarterly earnings data on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.67 by $0.13. Progressive had a return on equity of 33.47% and a net margin of 12.92%.The firm had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $23.51 billion. During the same quarter last year, the firm earned $4.37 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Progressive will post 17.3 earnings per share for the current fiscal year.

Insider Transactions at Progressive

In other news, Director Jeffrey D. Kelly sold 7,000 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $216.33, for a total value of $1,514,310.00. Following the completion of the transaction, the director directly owned 22,546 shares of the company’s stock, valued at approximately $4,877,376.18. This represents a 23.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Jo Murphy sold 5,916 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $200.00, for a total value of $1,183,200.00. Following the transaction, the insider owned 41,290 shares of the company’s stock, valued at $8,258,000. This trade represents a 12.53% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 15,230 shares of company stock valued at $3,165,817. Corporate insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Progressive

Large investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Progressive during the fourth quarter worth approximately $1,836,094,000. Wellington Management Group LLP boosted its holdings in shares of Progressive by 181.8% in the 4th quarter. Wellington Management Group LLP now owns 6,506,302 shares of the insurance provider’s stock worth $1,481,615,000 after acquiring an additional 4,197,212 shares in the last quarter. Diamant Asset Management Inc. grew its position in Progressive by 19,724.0% during the 1st quarter. Diamant Asset Management Inc. now owns 4,068,876 shares of the insurance provider’s stock worth $806,614,000 after acquiring an additional 4,048,351 shares during the last quarter. Life Cycle Investment Partners Ltd acquired a new stake in Progressive during the 4th quarter valued at $353,906,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Progressive by 193.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,206,742 shares of the insurance provider’s stock valued at $502,519,000 after purchasing an additional 1,454,111 shares during the last quarter. Institutional investors own 85.34% of the company’s stock.

More Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive reported better-than-expected quarterly earnings, with EPS of $5.67 versus the $4.64 consensus, while revenue of $23.61 billion also beat estimates. Net premiums written rose 5% year over year in the quarter, and policies in force increased 7%, showing the business is still growing. Progressive Reports June 2026 Results
• Neutral Sentiment: Analyst commentary remained mixed, with JPMorgan reaffirming a neutral view and other firms maintaining a range of targets, suggesting investors are still debating valuation after a strong run. Benzinga
• Negative Sentiment: Investors focused on margin and underwriting concerns: June net income fell 31% year over year, EPS for the month dropped 30%, and the combined ratio worsened to 90.0 from 86.6, signaling higher claims/cost pressure. Why Is Progressive Stock Sinking Wednesday?
• Negative Sentiment: The company’s results also pointed to a more competitive insurance market, with commentary indicating softer pricing and margin pressure, which appears to be outweighing the EPS beat in traders’ reaction. Why Progressive Insurance Fell Today

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.