Progressive (NYSE:PGR) Sets New 1-Year High – What’s Next?

Posted by George Bondi on Nov 5th, 2026

The Progressive Corporation (NYSE:PGR – Get Free Report)’s stock price hit a new 52-week high during trading on Thursday. The stock traded as high as $240.43 and last traded at $239.3380, with a volume of 668,872 shares. The stock had previously closed at $234.82.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PGR shares. Bank of America upped their price objective on Progressive from $302.00 to $314.00 in a research note on Thursday, October 1st. Keefe, Bruyette & Woods cut their price target on shares of Progressive from $252.00 to $246.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Mizuho decreased their price objective on shares of Progressive from $236.00 to $230.00 and set a “neutral” rating for the company in a research report on Wednesday, September 16th. Weiss Ratings raised shares of Progressive from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Progressive in a research note on Friday, October 16th. Nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $234.45.

Read Our Latest Research Report on PGR

Progressive Stock Performance

The company has a fifty day moving average price of $218.31 and a two-hundred day moving average price of $209.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $137.34 billion, a P/E ratio of 11.90, a PEG ratio of 2.65 and a beta of 0.22.

Progressive Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive’s dividend payout ratio is currently 2.01%.

Insider Buying and Selling at Progressive

In other Progressive news, insider Lori Niederst sold 7,339 shares of Progressive stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $209.29, for a total transaction of $1,535,979.31. Following the completion of the transaction, the insider owned 42,567 shares in the company, valued at approximately $8,908,847.43. The trade was a 14.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Susan Griffith sold 37,338 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $219.50, for a total transaction of $8,195,691.00. Following the completion of the sale, the chief executive officer directly owned 485,438 shares of the company’s stock, valued at $106,553,641. The trade was a 7.14% 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. In the last 90 days, insiders sold 48,352 shares of company stock worth $10,524,258. 0.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PGR. BlackRock Inc. purchased a new stake in Progressive during the second quarter valued at about $10,496,271,000. Bank of America Corp DE purchased a new position in Progressive in the 2nd quarter worth approximately $2,682,342,000. GQG Partners LLC purchased a new position in Progressive in the 2nd quarter worth approximately $1,538,570,000. Deutsche Bank AG bought a new stake in Progressive in the second quarter valued at approximately $1,098,838,000. Finally, Jupiter Topco LLC bought a new stake in Progressive in the second quarter valued at approximately $935,172,000. Institutional investors own 85.34% of the company’s stock.

Progressive Company Profile

(Get Free Report)

Progressive Corporation is an insurance holding company headquartered in Mayfield Village, Ohio. Founded in 1937, the company provides insurance products primarily to consumers and businesses in the United States. Progressive distributes its products directly through its website, mobile channels and call centers, as well as through independent agents and brokers.

The company is best known for personal auto insurance, including coverage for cars, motorcycles, boats, recreational vehicles and other personal vehicles.