In the preceding three months, 21 analysts have released ratings for Progressive PGR, presenting a wide array of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 10 | 7 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 5 | 4 | 0 | 0 |
| 2M Ago | 2 | 1 | 2 | 0 | 0 |
| 3M Ago | 1 | 3 | 1 | 0 | 0 |
Insights from analysts’ 12-month price targets are revealed, presenting an average target of $300.9, a high estimate of $324.00, and a low estimate of $264.00. This upward trend is evident, with the current average reflecting a 1.35% increase from the previous average price target of $296.90.
Understanding Analyst Ratings: A Comprehensive Breakdown
An in-depth analysis of recent analyst actions unveils how financial experts perceive Progressive. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Bob Huang | Morgan Stanley | Raises | Overweight | $320.00 | $310.00 |
| Elyse Greenspan | Wells Fargo | Raises | Overweight | $324.00 | $320.00 |
| Michael Zaremski | BMO Capital | Raises | Outperform | $288.00 | $282.00 |
| Meyer Shields | Keefe, Bruyette & Woods | Maintains | Market Perform | $288.00 | $288.00 |
| Joshua Shanker | B of A Securities | Raises | Neutral | $297.00 | $289.00 |
| Alex Scott | Barclays | Raises | Equal-Weight | $297.00 | $285.00 |
| Yaron Kinar | Jefferies | Lowers | Buy | $319.00 | $327.00 |
| Elyse Greenspan | Wells Fargo | Raises | Overweight | $320.00 | $317.00 |
| Meyer Shields | Keefe, Bruyette & Woods | Lowers | Outperform | $288.00 | $300.00 |
| Jimmy Bhullar | JP Morgan | Raises | Overweight | $287.00 | $267.00 |
| Joshua Shanker | B of A Securities | Lowers | Neutral | $287.00 | $300.00 |
| Meyer Shields | Keefe, Bruyette & Woods | Raises | Outperform | $300.00 | $294.00 |
| Joshua Shanker | B of A Securities | Lowers | Buy | $300.00 | $318.00 |
| Brian Meredith | UBS | Raises | Neutral | $285.00 | $275.00 |
| Alex Scott | Barclays | Raises | Equal-Weight | $285.00 | $264.00 |
| Joshua Shanker | B of A Securities | Lowers | Buy | $318.00 | $333.00 |
| Harry Fong | Roth MKM | Raises | Buy | $315.00 | $290.00 |
| Elyse Greenspan | Wells Fargo | Raises | Overweight | $317.00 | $313.00 |
| Alex Scott | Barclays | Raises | Equal-Weight | $264.00 | $261.00 |
| Bob Huang | Morgan Stanley | Raises | Overweight | $307.00 | $300.00 |
| Elyse Greenspan | Wells Fargo | Raises | Overweight | $313.00 | $302.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they ‘Maintain’, ‘Raise’ or ‘Lower’ their stance, it reflects their reaction to recent developments related to Progressive. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from ‘Outperform’ to ‘Underperform’. These ratings convey expectations for the relative performance of Progressive compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Progressive’s stock. This comparison reveals trends in analysts’ expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Progressive’s market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Progressive analyst ratings.
Get to Know Progressive Better
Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 24 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
Progressive: A Financial Overview
Market Capitalization Analysis: The company’s market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Progressive’s remarkable performance in 3M is evident. As of 31 March, 2025, the company achieved an impressive revenue growth rate of 0.66%. This signifies a substantial increase in the company’s top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Progressive’s net margin excels beyond industry benchmarks, reaching 12.58%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company’s ROE is a standout performer, exceeding industry averages. With an impressive ROE of 9.41%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Progressive’s financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.36%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.24.
How Are Analyst Ratings Determined?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish “analyst ratings” for stocks. Analysts typically rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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