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analyst ratings image
January 29, 2026 9:01 AM 5 min read

Expert Outlook: Progressive Through The Eyes Of 20 Analysts

by Benzinga Insights Benzinga Staff Writer
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In the last three months, 20 analysts have published ratings on Progressive (NYSE:PGR), offering a diverse range 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 3 2 15 0 0
Last 30D 0 0 1 0 0
1M Ago 0 2 4 0 0
2M Ago 2 0 6 0 0
3M Ago 1 0 4 0 0

Analysts have set 12-month price targets for Progressive, revealing an average target of $260.48, a high estimate of $348.00, and a low estimate of $232.00. This current average represents a 2.26% decrease from the previous average price target of $266.49.

Investigating Analyst Ratings: An Elaborate Study

The perception of Progressive by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Progressive's market standing. Stay informed and make well-considered decisions with our Ratings Table.

Stay up to date on Progressive analyst ratings.

All You Need to Know About Progressive

Breaking Down Progressive's Financial Performance

Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.

Positive Revenue Trend: Examining Progressive's financials over 3M reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 14.15% as of 30 September, 2025, showcasing a substantial increase in top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: Progressive's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 11.62%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Progressive's ROE stands out, surpassing industry averages. With an impressive ROE of 7.69%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.21%, the company showcases effective utilization of assets.

Debt Management: Progressive's debt-to-equity ratio is below the industry average. With a ratio of 0.19, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

Understanding the Relevance of Analyst Ratings

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


Posted In:
Analyst RatingsBZI-AAR
PGR Logo
PGRProgressive Corp
$212.75-%
Overview
Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Michael Zaremski BMO Capital Lowers Market Perform $232.00 $239.00
Michael Zaremski BMO Capital Lowers Market Perform $239.00 $253.00
Elyse Greenspan Wells Fargo Lowers Equal-Weight $240.00 $242.00
Alex Scott Barclays Raises Overweight $265.00 $257.00
David Motemaden Evercore ISI Group Lowers In-Line $237.00 $250.00
Jimmy Bhullar JP Morgan Lowers Overweight $275.00 $303.00
Meyer Shields Keefe, Bruyette & Woods Raises Market Perform $252.00 $250.00
Elyse Greenspan Wells Fargo Raises Equal-Weight $247.00 $242.00
Elyse Greenspan Wells Fargo Lowers Equal-Weight $242.00 $247.00
Meyer Shields Keefe, Bruyette & Woods Raises Market Perform $250.00 $246.00
Michael Zaremski BMO Capital Lowers Market Perform $253.00 $256.00
Yaron Kinar Mizuho Announces Neutral $242.00 -
Matthew Heimermann Citigroup Lowers Buy $300.60 $301.38
Joshua Shanker B of A Securities Lowers Buy $348.00 $350.00
Michael Zaremski BMO Capital Lowers Market Perform $256.00 $260.00
Michael Zaremski BMO Capital Raises Market Perform $260.00 $247.00
Elyse Greenspan Wells Fargo Raises Equal-Weight $247.00 $246.00
Joshua Shanker B of A Securities Lowers Buy $346.00 $351.00
Andrew Andersen Jefferies Lowers Hold $232.00 $261.00
Meyer Shields Keefe, Bruyette & Woods Lowers Market Perform $246.00 $262.00
  • Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Progressive. This offers insight into analysts' perspectives on the current state of the company.
  • Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Progressive compared to the broader market.
  • Price Targets: Delving into movements, analysts provide estimates for the future value of Progressive's stock. This analysis reveals shifts in analysts' expectations over time.

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.

PGR Logo
PGRProgressive Corp
$212.75-%
Overview
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