The Progressive Corporation (NYSE:PGR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of The Progressive Corporation (NYSE:PGR) have been given an average recommendation of “Hold” by the twenty-two ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $235.2632.

A number of brokerages have commented on PGR. Evercore set a $240.00 target price on Progressive in a report on Friday, July 10th. JPMorgan Chase & Co. lowered their price target on Progressive from $250.00 to $241.00 and set a “neutral” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods dropped their price target on Progressive from $231.00 to $226.00 and set a “market perform” rating for the company in a research report on Thursday, July 16th. Royal Bank Of Canada set a $208.00 price objective on Progressive in a research note on Friday, May 22nd. Finally, Bank of America lowered their target price on shares of Progressive from $313.00 to $308.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th.

Key Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive’s second-quarter 2026 earnings-call presentation is the most relevant company-specific item in the news flow. However, the provided headline does not include detailed results, guidance, or operating metrics, so it is not possible to determine whether the quarter materially exceeded expectations. The Progressive Corporation 2026 Q2 Results Earnings Call Presentation
• Neutral Sentiment: Several reports feature analysts discussing Progressive alongside other financial companies. The supplied articles do not specify consensus changes, price-target revisions, or rating actions, suggesting limited immediate impact from this coverage. Analysts Offer Insights on Financial Companies Analysts Have Conflicting Sentiments on Financial Companies
• Neutral Sentiment: The remaining reports concern politicians and candidates described as “progressive,” including Michigan primary elections. They do not involve The Progressive Corporation or its insurance operations and should not affect PGR’s valuation. Progressive Democrat Wins in Michigan

Insider Transactions at Progressive

In related news, insider Karen Bailo sold 8,452 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $212.71, for a total transaction of $1,797,824.92. Following the completion of the sale, the insider owned 32,348 shares of the company’s stock, valued at approximately $6,880,743.08. This represents a 20.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Jo Murphy sold 8,124 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $212.70, for a total transaction of $1,727,974.80. Following the completion of the sale, the insider owned 41,291 shares of the company’s stock, valued at approximately $8,782,595.70. The trade was a 16.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 74,885 shares of company stock valued at $15,880,459. Company 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 stock. Bard Associates Inc. acquired a new position in Progressive during the fourth quarter worth $27,000. Bogart Wealth LLC increased its stake in shares of Progressive by 235.1% in the 1st quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 87 shares during the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in shares of Progressive in the 4th quarter worth $29,000. HHM Wealth Advisors LLC raised its holdings in shares of Progressive by 700.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 144 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 126 shares during the period. Finally, Acumen Wealth Advisors LLC purchased a new position in shares of Progressive during the 4th quarter worth $33,000. 85.34% of the stock is currently owned by hedge funds and other institutional investors.

Progressive Trading Up 1.1%

PGR stock opened at $215.04 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.27 and a debt-to-equity ratio of 0.24. Progressive has a 12-month low of $189.20 and a 12-month high of $254.93. The stock has a market cap of $125.02 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 2.87 and a beta of 0.27. The business’s 50-day moving average is $212.50 and its 200 day moving average is $206.20.

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.