PGR

Progressive Corp

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Advanced Chart

250.100

+2.72(1.100%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

251.800

Open

247.300

VWAP

250.17

Vol

2.81M

Mkt Cap

146.61B

Low

247.070

Amount

701.89M

EV/EBITDA(TTM)

11.15

Total Shares

585.67M

151.92B

EV/OCF(TTM)

P/S(TTM)

1.76

The Progressive Corporation is an insurance holding company, which has insurance and non-insurance subsidiaries and affiliates. The Company’s segments include Personal Lines, Commercial Lines and Other indemnity. The Personal Lines segment writes insurance for personal autos and special lines products. Its special lines of products include recreational vehicles, such as motorcycles, RVs, and watercraft. Its Personal Lines products are sold through both the agency and direct channels. The Commercial Lines segment writes auto-related liability and physical damage insurance, business-related general liability and commercial property insurance predominately for small businesses, and workers’ compensation insurance primarily for the transportation industry. Its reinsurance activity includes both transactions which are regulated and those that are non-regulated. It offers shopping tools and services, such as Name Your Price, Snapshot, and HomeQuote Explorer.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

24.05B

+8.3%

4.358

-6.37%

21.09B

+16.47%

4.173

+2.27%

22.25B

+14.34%

3.687

+2.88%

Estimates Revision

The market is revising Downward the revenue expectations for The Progressive Corporation (PGR) for FY2025, with the revenue forecasts being adjusted by -0.93% over the past three months. During the same period, the stock price has changed by -5.63%.

Revenue Estimates for FY2025

Revise Downward

-0.93%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+7.56%

In Past 3 Month

Stock Price

Go Down

-5.63%

In Past 3 Month

16 Analyst Rating

21.30% Upside

Wall Street analysts forecast PGR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PGR is 303.36 USD with a low forecast of 266.00 USD and a high forecast of 333.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

11 Buy

5 Hold

0 Sell

Moderate Buy

21.30% Upside

Current: 250.100

Low

266.00

Averages

303.36

High

333.00

21.30% Upside

Current: 250.100

Low

266.00

Averages

303.36

High

333.00

UBS

Neutral

downgrade

$280 -> $268

2025-07-21

New

Reason

UBS

Price Target

$280 -> $268

2025-07-21

New

downgrade

Neutral

Reason

UBS lowered the firm's price target on Progressive to $268 from $280 and keeps a Neutral rating on the shares.

BMO Capital

Outperform

maintain

$288 -> $281

2025-07-18

Reason

BMO Capital

Price Target

$288 -> $281

2025-07-18

maintain

Outperform

Reason

BMO Capital lowered the firm's price target on Progressive to $281 from $288 and keeps an Outperform rating on the shares. The focus for Progressive continues to be on growth, with profit margins continuing their trend of meaningful outperformance, the analyst tells investors in a research note.

Morgan Stanley

Equal Weight

downgrade

$280 -> $275

2025-07-18

Reason

Morgan Stanley

Price Target

$280 -> $275

2025-07-18

downgrade

Equal Weight

Reason

Morgan Stanley lowered the firm's price target on Progressive to $275 from $280 and keeps an Equal Weight rating on the shares. The firm slightly increased its 2025, 2026 and 2027 EPS forecasts after June results, but slightly lowers its price target due to softening insurance cycle and market conditions, intensifying auto competition, and near-term growth headwinds.

Evercore ISI

Outperform -> In Line

downgrade

$275

2025-07-17

Reason

Evercore ISI

Price Target

$275

2025-07-17

downgrade

Outperform -> In Line

Reason

Evercore ISI downgraded Progressive to In Line from Outperform with a $275 price target. The firm does not much share downside from current levels but struggles to see any upside given where the company is in the cycle. Progressive's earnings growth is minimal over the next year as margins normalize, which will limit a re-rating of the stock's multiple, the analyst tells investors in a research note.

Keefe Bruyette

Market Perform

downgrade

$290 -> $268

2025-07-17

Reason

Keefe Bruyette

Price Target

$290 -> $268

2025-07-17

downgrade

Market Perform

Reason

Keefe Bruyette lowered the firm's price target on Progressive to $268 from $290 and keeps a Market Perform rating on the shares. The firm expects near-term core loss ratio pressure from normalizing frequency benefits and low earned rate increases, the analyst tells investors in a research note.

BofA

Buy

downgrade

$337 -> $336

2025-07-16

Reason

BofA

Price Target

$337 -> $336

2025-07-16

downgrade

Buy

Reason

BofA lowered the firm's price target on Progressive to $336 from $337 and keeps a Buy rating on the shares. The company's June performance may serve as a "positive retention inflection", though the beat was partially offset by a higher expense ratio and its catastrophe ratio of 3.2% was marginally higher than the BofA estimate, the analyst tells investors in a research note.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Progressive Corp (PGR.N) is 15.67, compared to its 5-year average forward P/E of 20.27. For a more detailed relative valuation and DCF analysis to assess Progressive Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Undervalued

5Y Average PE

20.27

Current PE

15.67

Overvalued PE

24.08

Undervalued PE

16.46

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

4.94

Current EV/EBITDA

10.21

Overvalued EV/EBITDA

12.85

Undervalued EV/EBITDA

-2.96

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

1.38

Current PS

1.61

Overvalued PS

1.61

Undervalued PS

1.15