Several brokerages have updated their recommendations and price targets on shares of Progressive (NYSE: PGR) in the last few weeks:
- 8/17/2026 – Progressive had its price target lowered by Cantor Fitzgerald from $220.00 to $200.00. They now have a “neutral” rating on the stock.
- 8/5/2026 – Progressive was given a new $236.00 price target by Mizuho.
- 8/4/2026 – Progressive had its price target lowered by JPMorgan Chase & Co. from $250.00 to $241.00. They now have a “neutral” rating on the stock.
- 8/3/2026 – Progressive had its “hold (c)” rating reaffirmed by Weiss Ratings.
- 7/24/2026 – Progressive was upgraded by Morgan Stanley from “underweight” to “equal weight”. They now have a $210.00 price target on the stock, up from $190.00.
- 7/16/2026 – Progressive had its price target lowered by Wells Fargo & Company from $205.00 to $198.00. They now have an “underweight” rating on the stock.
- 7/16/2026 – Progressive had its price target lowered by Bank of America Corporation from $313.00 to $308.00. They now have a “buy” rating on the stock.
- 7/16/2026 – Progressive had its price target lowered by BMO Capital Markets from $220.00 to $205.00. They now have a “market perform” rating on the stock.
- 7/16/2026 – Progressive had its price target lowered by Keefe, Bruyette & Woods from $231.00 to $226.00. They now have a “market perform” rating on the stock.
- 7/15/2026 – Progressive had its “market perform” rating reaffirmed by William Blair.
- 7/14/2026 – Progressive had its “neutral” rating reaffirmed by JPMorgan Chase & Co.. They now have a $250.00 price target on the stock.
- 7/10/2026 – Progressive was given a new $240.00 price target by Evercore Inc.
- 7/9/2026 – Progressive had its price target raised by Mizuho from $217.00 to $243.00. They now have a “neutral” rating on the stock.
- 7/8/2026 – Progressive had its price target raised by Keefe, Bruyette & Woods from $210.00 to $231.00. They now have a “market perform” rating on the stock.
- 7/6/2026 – Progressive had its price target raised by HSBC Holdings plc from $214.00 to $221.00. They now have a “hold” rating on the stock.
- 6/30/2026 – Progressive had its price target raised by UBS Group AG from $220.00 to $230.00. They now have a “neutral” rating on the stock.
- 6/29/2026 – Progressive was downgraded by Wells Fargo & Company from “equal weight” to “underweight”. They now have a $205.00 price target on the stock.
- 6/18/2026 – Progressive had its price target lowered by Wells Fargo & Company from $222.00 to $219.00. They now have an “equal weight” rating on the stock.
- 6/18/2026 – Progressive had its price target raised by Keefe, Bruyette & Woods from $208.00 to $210.00. They now have a “market perform” rating on the stock.
- 6/18/2026 – Progressive had its price target lowered by Bank of America Corporation from $331.00 to $313.00. They now have a “buy” rating on the stock.
Progressive Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, October 1st. Progressive’s dividend payout ratio is 2.01%.
Insider Buying and Selling
In other Progressive news, Director Jeffrey D. Kelly sold 7,000 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $216.33, for a total value of $1,514,310.00. Following the sale, the director owned 22,546 shares in the company, valued at $4,877,376.18. This trade represents a 23.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Jo Murphy sold 8,124 shares of the business’s stock in a transaction on 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 sale, the insider directly owned 41,291 shares of the company’s stock, valued at $8,782,595.70. This represents a 16.44% 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 have sold a total of 74,885 shares of company stock worth $15,880,459 over the last ninety days. Corporate insiders own 0.32% of the company’s stock.
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.
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