Progressive (NYSE:PGR) Price Target Cut to $225.00 by Analysts at Keefe, Bruyette & Woods

Progressive (NYSE:PGR) had its price target reduced by Keefe, Bruyette & Woods from $252.00 to $225.00 in a research note published on Friday,Benzinga reports. They currently have a market perform rating on the insurance provider’s stock.

A number of other equities research analysts have also issued reports on PGR. Weiss Ratings restated a “hold (c+)” rating on shares of Progressive in a research note on Monday, December 29th. BMO Capital Markets lowered their price objective on Progressive from $239.00 to $232.00 and set a “market perform” rating for the company in a report on Thursday. Hsbc Global Res downgraded Progressive from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Citigroup lowered their price target on Progressive from $301.38 to $300.60 and set a “buy” rating for the company in a report on Monday, December 15th. Finally, Barclays upgraded Progressive from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $257.00 to $265.00 in a research note on Thursday, January 8th. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $255.68.

Progressive Stock Down 0.2%

Shares of NYSE:PGR opened at $207.74 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.29 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $219.58 and a 200 day simple moving average of $230.90. The firm has a market cap of $121.82 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 1.28 and a beta of 0.34. Progressive has a 12-month low of $198.50 and a 12-month high of $292.99.

Progressive Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.40 annualized dividend and a yield of 0.2%. Progressive’s dividend payout ratio (DPR) is currently 2.08%.

Insider Buying and Selling

In other news, insider Andrew J. Quigg sold 1,649 shares of the business’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $204.35, for a total transaction of $336,973.15. Following the completion of the transaction, the insider owned 39,626 shares of the company’s stock, valued at approximately $8,097,573.10. The trade was a 4.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CIO Jonathan S. Bauer sold 3,105 shares of the company’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total transaction of $634,506.75. Following the transaction, the executive owned 26,249 shares of the company’s stock, valued at $5,363,983.15. This represents a 10.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 13,788 shares of company stock valued at $3,018,961. 0.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Progressive

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in Progressive during the 2nd quarter valued at $2,156,939,000. Capital International Investors grew its stake in shares of Progressive by 78.9% in the third quarter. Capital International Investors now owns 13,704,197 shares of the insurance provider’s stock worth $3,384,082,000 after purchasing an additional 6,045,732 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Progressive by 32.8% during the second quarter. Alliancebernstein L.P. now owns 10,972,574 shares of the insurance provider’s stock valued at $2,928,141,000 after purchasing an additional 2,709,417 shares during the period. Capital Research Global Investors raised its stake in shares of Progressive by 26.1% during the third quarter. Capital Research Global Investors now owns 11,167,940 shares of the insurance provider’s stock valued at $2,757,905,000 after purchasing an additional 2,314,864 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in Progressive by 2,012.0% in the third quarter. CIBC Private Wealth Group LLC now owns 767,549 shares of the insurance provider’s stock worth $189,546,000 after purchasing an additional 731,207 shares during the period. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Q4 earnings beat and commentary lifted confidence in near-term earnings momentum — analysts and coverage pieces say the results and management commentary support continued policy growth and profitability, which underpins the bullish investment thesis. How Earnings Beat And CFO Succession At Progressive (PGR) Has Changed Its Investment Story
• Positive Sentiment: Bank of America reiterated a Buy and raised its target to $334, signaling that at least some sell?side analysts see meaningful upside from current levels based on sustained policy momentum and elevated profitability. Progressive: Sustained Policy Momentum…
• Neutral Sentiment: Progressive confirmed CFO John Sauerland will step down in July 2026; management has flagged a planned succession process — this is notable for governance but appears orderly rather than abrupt. Progressive CFO Sauerland to step down in July 2026
• Neutral Sentiment: Several retail/coverage pieces are highlighting Progressive as a relatively inexpensive or buyable insurance stock given its P/E and recent pullback; these narratives can attract value-oriented buyers but are less likely to move the stock quickly. Is Progressive Corporation (PGR) One of the Best Inexpensive Stocks to Buy Now?
• Neutral Sentiment: Product coverage note — a 2026 review of Progressive’s pet insurance appeared; incremental product expansion can support long-term premium growth but is a low-impact near-term driver. Progressive pet insurance review 2026
• Negative Sentiment: Multiple brokerages trimmed price targets and/or downgraded tone after Q4: Wells Fargo cut its target to $220 (equal weight), Keefe, Bruyette & Woods cut to $225 (market perform), and BMO trimmed its target to $232 — collective downgrades increase selling pressure and suggest some analysts reduced forward estimates. Progressive (NYSE:PGR) Price Target Lowered to $220.00 at Wells Fargo & Company
• Negative Sentiment: Follow-up coverage notes analysts broadly cut forecasts after the Q4 report, reinforcing the nearer-term caution and likely contributing to the downside in sentiment among more value/near?term focused investors. Progressive Analysts Cut Their Forecasts After Q4 Earnings

About Progressive

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.