Recent Investment Analysts’ Ratings Updates for Progressive (PGR)

Progressive (NYSE: PGR) has recently received a number of price target changes and ratings updates:

• 3/22/2025 – Progressive was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 3/20/2025 – Progressive had its price target raised by analysts at Keefe, Bruyette & Woods from $294.00 to $300.00. They now have an “outperform” rating on the stock.
• 3/20/2025 – Progressive had its price target lowered by analysts at Bank of America Co. from $318.00 to $300.00. They now have a “buy” rating on the stock.
• 3/14/2025 – Progressive had its price target raised by analysts at UBS Group AG from $275.00 to $285.00. They now have a “neutral” rating on the stock.
• 3/14/2025 – Progressive was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/13/2025 – Progressive had its price target raised by analysts at Barclays PLC from $264.00 to $285.00. They now have an “equal weight” rating on the stock.
• 3/10/2025 – Progressive had its price target lowered by analysts at Bank of America Co. from $333.00 to $318.00. They now have a “buy” rating on the stock.
• 3/6/2025 – Progressive was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 2/25/2025 – Progressive had its price target raised by analysts at Roth Mkm from $290.00 to $315.00. They now have a “buy” rating on the stock.
• 2/25/2025 – Progressive was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 2/20/2025 – Progressive had its price target raised by analysts at Wells Fargo & Company from $313.00 to $317.00. They now have an “overweight” rating on the stock.
• 2/18/2025 – Progressive had its price target raised by analysts at Barclays PLC from $261.00 to $264.00. They now have an “equal weight” rating on the stock.
• 2/13/2025 – Progressive was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 2/5/2025 – Progressive was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

Progressive Stock Performance

Progressive stock traded up $5.55 during trading on Thursday, hitting $286.78. The stock had a trading volume of 3,830,895 shares, compared to its average volume of 2,596,582. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average is $267.83 and its two-hundred day moving average is $256.52. The Progressive Co. has a 1 year low of $201.34 and a 1 year high of $292.99. The stock has a market cap of $168.12 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 1.70 and a beta of 0.38.

Progressive (NYSE:PGR) last issued its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.64. Progressive had a return on equity of 33.79% and a net margin of 11.25%. As a group, analysts predict that The Progressive Co. will post 14.68 EPS for the current year.

Progressive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.14%. Progressive’s dividend payout ratio (DPR) is presently 2.78%.

Insider Transactions at Progressive

In other news, CAO Mariann Wojtkun Marshall sold 191 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $242.10, for a total transaction of $46,241.10. Following the transaction, the chief accounting officer now directly owns 3,982 shares in the company, valued at approximately $964,042.20. This represents a 4.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew J. Quigg sold 681 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $242.10, for a total value of $164,870.10. Following the transaction, the insider now directly owns 33,612 shares in the company, valued at approximately $8,137,465.20. This represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,255 shares of company stock valued at $17,250,271. 0.33% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Progressive

Several institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc grew its stake in shares of Progressive by 98.2% during the fourth quarter. Versant Capital Management Inc now owns 789 shares of the insurance provider’s stock valued at $189,000 after buying an additional 391 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Progressive by 2,262.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 433,999 shares of the insurance provider’s stock valued at $103,990,000 after purchasing an additional 415,628 shares during the last quarter. Signal Advisors Wealth LLC boosted its stake in shares of Progressive by 42.3% during the fourth quarter. Signal Advisors Wealth LLC now owns 11,889 shares of the insurance provider’s stock valued at $2,849,000 after purchasing an additional 3,534 shares during the period. Nordea Investment Management AB grew its holdings in shares of Progressive by 30.5% in the fourth quarter. Nordea Investment Management AB now owns 1,069,697 shares of the insurance provider’s stock worth $255,882,000 after purchasing an additional 249,958 shares during the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of Progressive in the third quarter worth $35,253,000. Institutional investors own 85.34% of the company’s stock.

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.