JPMorgan Chase & Co. Issues Positive Forecast for Progressive (NYSE:PGR) Stock Price

06 Oct 2026, 02:18 by Doug Wharley · The Cerbat Gem

Progressive (NYSE:PGR – Free Report) had its price target lifted by JPMorgan Chase & Co. from $241.00 to $250.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a neutral rating on the insurance provider’s stock.

Several other analysts have also weighed in on PGR. Roth Capital reissued a “buy” rating and issued a $245.00 target price on shares of Progressive in a report on Thursday, August 20th. Evercore set a $240.00 price target on Progressive in a research note on Friday, July 10th. William Blair reiterated a “market perform” rating on shares of Progressive in a research report on Wednesday, July 15th. Raymond James Financial restated an “outperform” rating and set a $245.00 target price on shares of Progressive in a report on Monday, September 21st. Finally, HSBC lifted 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. Seven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Progressive currently has an average rating of “Hold” and an average target price of $235.37.

Get Our Latest Stock Report on Progressive

Progressive Price Performance

PGR stock opened at $212.45 on Monday. The firm has a 50 day moving average of $214.34 and a 200-day moving average of $208.61. The company has a market cap of $123.51 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 2.31 and a beta of 0.25. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.24. Progressive has a 12-month low of $189.20 and a 12-month high of $245.64.

Progressive (NYSE:PGR – Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The insurance provider reported $5.67 earnings per share for the quarter, beating the consensus estimate of $4.64 by $1.03. The firm had revenue of $23.61 billion during the quarter, compared to the consensus estimate of $19.49 billion. Progressive had a return on equity of 32.92% and a net margin of 12.84%.Progressive’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the business posted $5.40 EPS. As a group, equities analysts expect that Progressive will post 17.92 EPS for the current fiscal year.

Progressive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, October 1st. Progressive’s dividend payout ratio is 2.01%.

Insider Activity at Progressive

In related news, insider Karen Bailo sold 8,452 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Broz sold 1,225 shares of Progressive stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $204.29, for a total transaction of $250,255.25. Following the completion of the sale, the insider directly owned 30,032 shares of the company’s stock, valued at $6,135,237.28. The trade was a 3.92% decrease in their ownership of the stock. 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 106,782 shares of company stock worth $22,965,332 over the last three months. Company insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Progressive

Several hedge funds have recently made changes to their positions in PGR. Eastern Bank increased its stake in Progressive by 0.7% in the third quarter. Eastern Bank now owns 8,416 shares of the insurance provider’s stock valued at $1,745,000 after purchasing an additional 55 shares during the last quarter. QRG Capital Management Inc. lifted its position in Progressive by 19.2% during the second quarter. QRG Capital Management Inc. now owns 86,011 shares of the insurance provider’s stock worth $18,789,000 after buying an additional 13,850 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in Progressive by 22.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 13,750 shares of the insurance provider’s stock worth $3,004,000 after buying an additional 2,495 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Progressive by 1.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,108,462 shares of the insurance provider’s stock valued at $460,593,000 after buying an additional 19,976 shares during the period. Finally, State Street Corp grew its holdings in Progressive by 2.5% in the 2nd quarter. State Street Corp now owns 26,526,959 shares of the insurance provider’s stock valued at $5,794,814,000 after buying an additional 656,249 shares during the period. Institutional investors and hedge funds own 85.34% of the company’s stock.

Progressive Company Profile

(Get Free Report)

Progressive Corporation is an insurance holding company that provides personal and commercial insurance products in the United States. Its primary business is automobile insurance, serving consumers through direct channels, independent agents and other distribution partners.