• Consensus Rating: Hold
  • Consensus Price Target: $120.38
  • Forecasted Upside: -9.15 %
  • Number of Analysts: 14
  • Breakdown:
  • 4 Sell Ratings
  • 6 Hold Ratings
  • 4 Buy Ratings
  • 0 Strong Buy Ratings
$132.51
▲ +1.25 (0.95%)

This chart shows the closing price for PGR by one month, three months, or twelve months.

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Analyst Price Target for PGR

Analyst Price Target is $120.38
▼ -9.15% Downside Potential
This price target is based on 14 analysts offering 12 month price targets for Progressive in the last 3 months. The average price target is $120.38, with a high forecast of $150.00 and a low forecast of $98.00. The average price target represents a -9.15% upside from the last price of $132.51.

This chart shows the closing price for PGR for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 14 investment analysts is to hold stock in Progressive. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 8 hold ratings
  • 2 sell ratings
6/12/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 6 hold ratings
  • 3 sell ratings
9/10/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 3 sell ratings
12/9/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 3 sell ratings
3/9/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 6 hold ratings
  • 5 sell ratings
6/7/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 6 hold ratings
  • 4 sell ratings
9/5/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 6 hold ratings
  • 4 sell ratings
11/4/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 6 hold ratings
  • 4 sell ratings
12/4/2022

Latest Recommendations

  • 0 strong buy ratings
  • 4 buy ratings
  • 6 hold ratings
  • 4 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/22/2022CitigroupLower TargetSell$106.00 ➝ $104.00Low
10/20/2022Evercore ISILower Target$133.00Low
10/14/2022BarclaysLower TargetUnderweight$106.00 ➝ $104.00Low
10/7/2022Jefferies Financial GroupUpgradeHold ➝ Buy$123.00 ➝ $142.00N/A
8/29/2022Raymond JamesBoost TargetOutperform$135.00 ➝ $140.00Low
8/19/2022Morgan StanleyBoost TargetEqual Weight$121.00 ➝ $130.00Low
8/18/2022MKM PartnersBoost TargetBuy ➝ Buy$135.00 ➝ $150.00Low
8/18/2022Credit Suisse GroupBoost TargetNeutral$124.00 ➝ $127.00Low
8/18/2022BarclaysBoost TargetUnderweight$90.00 ➝ $106.00Low
7/19/2022Evercore ISISet Target$129.00Low
7/18/2022MKM PartnersBoost TargetBuy ➝ Buy$125.00 ➝ $135.00Low
7/18/2022Morgan StanleyBoost TargetEqual Weight$115.00 ➝ $121.00Low
7/15/2022Wells Fargo & CompanyReiterated RatingSell$98.00Low
7/12/2022Jefferies Financial GroupBoost TargetHold$106.00 ➝ $125.00Low
6/23/2022Keefe, Bruyette & WoodsUpgradeUnderperform ➝ Market Perform$96.00 ➝ $107.00Low
5/23/2022CitigroupInitiated CoverageSell$93.00Medium
5/19/2022BarclaysBoost TargetUnderweight$88.00 ➝ $90.00Low
5/10/2022Jefferies Financial GroupUpgradeUnderperform ➝ Hold$99.00 ➝ $106.00Medium
5/9/2022Morgan StanleyUpgradeUnderweight ➝ Equal Weight$85.00 ➝ $115.00Low
4/28/2022Credit Suisse GroupInitiated CoverageNeutral$124.00High
4/18/2022Piper SandlerDowngradeNeutral ➝ Underweight$113.00 ➝ $100.00Low
4/12/2022Wells Fargo & CompanyBoost TargetUnderweight$88.00 ➝ $96.00Medium
3/18/2022Raymond JamesBoost TargetOutperform$125.00 ➝ $130.00High
3/17/2022BarclaysBoost TargetUnderweight$85.00 ➝ $88.00High
3/2/2022The Goldman Sachs GroupDowngradeBuy ➝ Neutral$116.00Medium
2/17/2022BarclaysBoost Target$83.00 ➝ $85.00Low
2/14/2022UBS GroupDowngradeBuy ➝ Neutral$106.00 ➝ $114.00Low
2/9/2022Edward JonesDowngradeBuy ➝ HoldLow
1/27/2022Raymond JamesBoost TargetOutperform$120.00 ➝ $125.00Low
1/18/2022Raymond JamesBoost TargetOutperform$110.00 ➝ $120.00Low
1/14/2022BarclaysBoost TargetUnderweight$82.00 ➝ $83.00Low
1/6/2022Evercore ISIUpgradeIn-Line ➝ Outperform$90.00 ➝ $118.00High
12/16/2021Raymond JamesBoost TargetOutperform$105.00 ➝ $110.00Medium
12/16/2021BarclaysBoost TargetUnderweight$81.00 ➝ $82.00Medium
12/16/2021Keefe, Bruyette & WoodsDowngradeMarket Perform ➝ Underperform$95.00 ➝ $92.00Medium
11/22/2021The Goldman Sachs GroupInitiated CoverageBuy$104.00High
11/18/2021Jefferies Financial GroupInitiated CoverageUnderperform$81.00Low
11/18/2021BarclaysLower TargetUnderweight$82.00 ➝ $81.00Low
8/17/2021Evercore ISILower TargetIn-Line$93.00 ➝ $90.00Low
8/16/2021Wolfe ResearchInitiated CoverageUnderperform$85.00Medium
7/16/2021Raymond JamesLower TargetOutperform$115.00 ➝ $105.00Medium
7/16/2021BarclaysLower TargetUnderweight$86.00 ➝ $84.00Medium
6/17/2021Bank of AmericaLower TargetBuy ➝ Buy$127.00 ➝ $123.00Low
6/17/2021Wells Fargo & CompanyReiterated RatingSellMedium
6/7/2021Morgan StanleyDowngradeEqual Weight ➝ Underweight$90.00 ➝ $85.00High
4/26/2021Raymond JamesReiterated RatingStrong-Buy ➝ Outperform$115.00Low
4/19/2021Raymond JamesDowngradeStrong-Buy ➝ Outperform$115.00Low
3/18/2021Edward JonesUpgradeHold ➝ BuyLow
3/18/2021Morgan StanleyLower TargetEqual Weight$91.00 ➝ $90.00Low
2/25/2021Morgan StanleyLower TargetEqual Weight$98.00 ➝ $91.00Low
2/22/2021Raymond JamesReiterated RatingBuyLow
2/1/2021Deutsche Bank AktiengesellschaftLower TargetBuy$108.00 ➝ $105.00Low
1/12/2021Morgan StanleyLower TargetEqual Weight$103.00 ➝ $98.00Low
1/8/2021The Goldman Sachs GroupDowngradeNeutral ➝ Sell$92.00 ➝ $90.00Low
1/7/2021B. RileyBoost TargetNeutral$88.00 ➝ $96.00N/A
1/4/2021Wells Fargo & CompanyDowngradeEqual Weight ➝ Underweight$99.00N/A
12/30/2020Raymond JamesReiterated RatingBuy$115.00N/A
12/8/2020Smith Barney CitigroupDowngradeBuy ➝ Neutral$102.00 ➝ $96.00High
12/2/2020Keefe, Bruyette & WoodsUpgradeUnderperform ➝ Market Perform$88.00Low
11/24/2020Morgan StanleyBoost TargetEqual Weight$102.00 ➝ $103.00High
11/17/2020BarclaysInitiated CoverageUnderweight$87.00Low
10/19/2020Raymond JamesBoost TargetStrong-Buy$110.00 ➝ $115.00Low
10/15/2020Morgan StanleyDowngradeOverweight ➝ Equal Weight$102.00Medium
9/22/2020Keefe, Bruyette & WoodsDowngradeMarket Perform ➝ Underperform$87.00High
9/14/2020Raymond JamesBoost TargetStrong-Buy$100.00 ➝ $110.00Medium
9/2/2020MKM PartnersBoost Target$90.00 ➝ $115.00Low
8/21/2020Deutsche Bank AktiengesellschaftBoost TargetBuy$95.00 ➝ $99.00Medium
8/19/2020Morgan StanleyBoost TargetOverweight$94.00 ➝ $96.00Medium
8/13/2020ArgusDowngradeBuy ➝ HoldLow
7/31/2020BenchmarkDowngradeBuy ➝ HoldLow
7/21/2020Raymond JamesBoost TargetStrong-Buy$95.00 ➝ $100.00Low
7/16/2020Deutsche Bank AktiengesellschaftBoost TargetBuy$90.00 ➝ $95.00Medium
6/11/2020Piper SandlerDowngradeOverweight ➝ Neutral$88.00High
6/1/2020Bank of AmericaInitiated CoverageBuyLow
5/18/2020Morgan StanleyBoost TargetOverweight$88.00 ➝ $94.00Low
5/8/2020Deutsche Bank AktiengesellschaftBoost TargetBuy$88.00 ➝ $90.00Medium
4/17/2020Deutsche Bank AktiengesellschaftBoost TargetBuy$86.00 ➝ $88.00Low
4/14/2020Morgan StanleyUpgradeEqual Weight ➝ Overweight$88.00Medium
4/6/2020Piper SandlerLower TargetOverweight$88.00 ➝ $83.00High
4/3/2020Raymond JamesUpgradeOutperform ➝ Strong-Buy$85.00 ➝ $90.00Medium
4/2/2020Credit Suisse GroupReiterated RatingBuy$79.00Medium
4/1/2020Wells Fargo & CompanyBoost TargetEqual Weight$76.00 ➝ $85.00Low
4/1/2020Morgan StanleyBoost TargetEqual Weight$82.00 ➝ $88.00Low
3/18/2020MKM PartnersLower Target$100.00 ➝ $90.00High
3/18/2020Deutsche Bank AktiengesellschaftLower TargetBuy$88.00 ➝ $86.00Low
3/11/2020Piper SandlerLower TargetOverweight$90.00 ➝ $88.00Low
3/11/2020B. RileyDowngradeBuy ➝ Neutral$96.00 ➝ $83.00High
2/28/2020Morgan StanleyBoost TargetEqual Weight$79.00 ➝ $82.00High
2/20/2020Morgan StanleyBoost TargetEqual Weight$74.00 ➝ $79.00Low
2/19/2020Wells Fargo & CompanyReiterated RatingHoldLow
1/30/2020Deutsche Bank AktiengesellschaftBoost TargetBuy$84.00 ➝ $88.00Medium
1/29/2020Wells Fargo & CompanyReiterated RatingHoldMedium
1/21/2020CitigroupInitiated CoverageBuy$85.00Low
1/13/2020Raymond JamesDowngradeStrong-Buy ➝ Outperform$85.00Medium
1/2/2020Deutsche Bank AktiengesellschaftUpgradeHold ➝ Buy$84.00High
12/16/2019Morgan StanleyDowngradeOverweight ➝ Equal Weight$84.00 ➝ $74.00Medium
12/6/2019Buckingham ResearchLower TargetNeutral$78.00 ➝ $72.00Medium
11/27/2019The Goldman Sachs GroupDowngradeBuy ➝ NeutralLow
11/18/2019The Goldman Sachs GroupDowngradeBuy ➝ Neutral$91.00 ➝ $81.00Medium
11/7/2019Wells Fargo & CompanyReiterated RatingHold$76.00Medium
10/18/2019Credit Suisse GroupLower TargetOutperform$90.00 ➝ $85.00Low
10/17/2019Evercore ISIInitiated CoverageIn-Line$78.00Medium
9/26/2019Raymond JamesSet TargetBuy$93.00Medium
9/13/2019Wells Fargo & CompanySet TargetHold$78.00Medium
9/13/2019BarclaysSet TargetBuy$90.00Medium
9/12/2019Buckingham ResearchBoost TargetNeutral$74.00 ➝ $78.00Medium
8/15/2019Wells Fargo & CompanyReiterated RatingHold$81.00Medium
7/29/2019UBS GroupBoost TargetBuy$88.00 ➝ $95.00Low
7/25/2019Raymond JamesBoost TargetStrong-Buy$90.00 ➝ $93.00Low
7/17/2019Wells Fargo & CompanyReiterated RatingHold$81.00Low
7/1/2019BarclaysBoost TargetOverweight$90.00 ➝ $95.00Medium
6/20/2019Janney Montgomery ScottInitiated CoverageNeutral$59.00Low
6/13/2019B. RileyBoost TargetBuy ➝ Buy$89.00 ➝ $96.00Low
5/17/2019UBS GroupBoost TargetBuy$85.00 ➝ $88.00Low
5/13/2019Buckingham ResearchSet TargetHold$64.00High
4/17/2019Credit Suisse GroupBoost TargetOutperform ➝ Outperform$80.00 ➝ $84.00Low
4/1/2019BarclaysBoost TargetOverweight ➝ Overweight$81.00 ➝ $86.00Low
3/13/2019Wells Fargo & CompanyReiterated RatingHold$73.00Low
3/7/2019Credit Suisse GroupBoost TargetOutperform ➝ Outperform$73.00 ➝ $80.00Medium
2/28/2019Wells Fargo & CompanyReiterated RatingHold$73.00Low
2/14/2019CitigroupBoost TargetNeutral ➝ Neutral$71.00 ➝ $75.00Low
2/14/2019Wells Fargo & CompanySet TargetHold$73.00Low
1/23/2019Wells Fargo & CompanyReiterated RatingHold$70.00Medium
1/9/2019BarclaysUpgradeUnderweight ➝ Overweight$67.00 ➝ $73.00Medium
1/3/2019Credit Suisse GroupReiterated RatingBuy$73.00Medium
12/20/2018Credit Suisse GroupLower TargetOutperform ➝ Buy$79.00 ➝ $74.00Medium
12/14/2018Credit Suisse GroupSet TargetBuy$79.00Medium
12/12/2018Wells Fargo & CompanySet TargetHold$69.00Low
12/11/2018B. RileyUpgradeNeutral ➝ Buy$71.00 ➝ $81.00Low
11/19/2018Buckingham ResearchUpgradeUnderperform ➝ Neutral$58.00Medium
11/14/2018Credit Suisse GroupSet TargetBuy$79.00High
11/14/2018Wells Fargo & CompanySet TargetHold$69.00High
11/12/2018BarclaysBoost TargetUnderweight ➝ Underweight$59.00 ➝ $67.00High
11/7/2018Morgan StanleyUpgradeEqual Weight ➝ Overweight$84.00High
11/2/2018Credit Suisse GroupSet TargetBuy$79.00Medium
11/1/2018Wells Fargo & CompanySet TargetHold$69.00Low
10/17/2018Raymond JamesBoost TargetStrong-Buy ➝ Strong-Buy$82.00 ➝ $85.00Low
10/16/2018Wells Fargo & CompanySet TargetHold$69.00Medium
10/15/2018Credit Suisse GroupSet TargetBuy$79.00High
10/12/2018CitigroupBoost TargetNeutral$70.00 ➝ $73.00Low
10/9/2018Credit Suisse GroupSet TargetBuy$79.00High
10/8/2018B. RileyBoost TargetNeutral ➝ Neutral$68.00 ➝ $71.00Low
9/26/2018MKM PartnersBoost TargetBuy$85.00Low
9/19/2018UBS GroupBoost TargetBuy$70.00 ➝ $78.00Low
9/14/2018CitigroupBoost TargetNeutral$65.00 ➝ $70.00Low
9/14/2018MKM PartnersBoost TargetBuy$80.00Low
9/13/2018Wells Fargo & CompanySet TargetHold$64.00Low
8/16/2018CitigroupBoost TargetNeutral ➝ Neutral$63.00 ➝ $65.00High
8/15/2018Wells Fargo & CompanyReiterated RatingHold$64.00Medium
8/7/2018B. RileyBoost TargetNeutral ➝ Neutral$60.00 ➝ $68.00Low
8/7/2018Credit Suisse GroupInitiated CoverageOutperform$73.00Low
7/27/2018ArgusUpgradeHold ➝ Buy$68.00Low
7/18/2018Buckingham ResearchUpgradeSell$52.00Low
7/18/2018Morgan StanleyBoost TargetEqual Weight ➝ $60.39$64.00 ➝ $68.00High
7/17/2018Wells Fargo & CompanySet TargetHold$64.00Medium
7/16/2018B. RileyBoost TargetNeutral ➝ Neutral$54.00 ➝ $60.00Low
7/12/2018CitigroupLower TargetNeutral ➝ Neutral$66.00 ➝ $63.00Low
5/31/2018Keefe, Bruyette & WoodsReiterated RatingMarket PerformLow
5/22/2018MKM PartnersBoost TargetBuy$75.00Low
5/21/2018Deutsche Bank AktiengesellschaftBoost TargetHold ➝ Hold$60.00 ➝ $62.00Low
5/17/2018Buckingham ResearchBoost TargetUnderperform ➝ Underperform$48.00 ➝ $52.00Low
5/17/2018Keefe, Bruyette & WoodsDowngradeOutperform ➝ Market Perform$45.00Medium
5/16/2018Wells Fargo & CompanySet TargetHold$64.00Low
5/3/2018Wells Fargo & CompanySet TargetHold$64.00Medium
4/18/2018Morgan StanleyBoost TargetEqual Weight ➝ Equal Weight$59.00 ➝ $64.00Medium
4/17/2018Wells Fargo & CompanySet TargetHold$64.00Medium
4/2/2018Wells Fargo & CompanySet TargetHold$61.00Medium
3/27/2018MKM PartnersBoost TargetBuy$70.00Medium
3/14/2018Wells Fargo & CompanySet TargetHold$61.00Low
3/1/2018Wells Fargo & CompanySet TargetHold$57.00Low
2/14/2018Wells Fargo & CompanySet TargetHold$57.00Medium
1/25/2018MKM PartnersBoost TargetBuy$55.00 ➝ $65.00Low
1/25/2018UBS GroupBoost TargetBuy ➝ Buy$63.00 ➝ $64.00High
12/15/2017Credit Suisse GroupReiterated RatingHold$48.00Low
12/15/2017MKM PartnersBoost TargetBuy$65.00Low
12/13/2017Wells Fargo & CompanySet TargetHold$55.00Low
12/6/2017Keefe, Bruyette & WoodsReiterated RatingBuy$60.00Low
(Data available from 12/5/2017 forward)

News Sentiment Rating

0.37 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 8 very positive mentions
  • 35 positive mentions
  • 5 negative mentions
  • 0 very negative mentions
5/8/2022
  • 9 very positive mentions
  • 44 positive mentions
  • 8 negative mentions
  • 4 very negative mentions
6/7/2022
  • 6 very positive mentions
  • 27 positive mentions
  • 8 negative mentions
  • 6 very negative mentions
7/7/2022
  • 8 very positive mentions
  • 36 positive mentions
  • 9 negative mentions
  • 4 very negative mentions
8/6/2022
  • 12 very positive mentions
  • 38 positive mentions
  • 9 negative mentions
  • 4 very negative mentions
9/5/2022
  • 8 very positive mentions
  • 26 positive mentions
  • 9 negative mentions
  • 4 very negative mentions
10/5/2022
  • 13 very positive mentions
  • 20 positive mentions
  • 5 negative mentions
  • 1 very negative mentions
11/4/2022
  • 8 very positive mentions
  • 31 positive mentions
  • 4 negative mentions
  • 1 very negative mentions
12/4/2022

Current Sentiment

  • 8 very positive mentions
  • 31 positive mentions
  • 4 negative mentions
  • 1 very negative mentions

Recent Stories by Sentiment

Progressive logo
The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The Commercial Lines segment provides auto-related primary liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses; as well as non-fleet and airport taxis, and black-car services. The Property segment writes residential property insurance for homeowners, other property owners, and renters, as well as offers personal umbrella insurance, and primary and excess flood insurance. The company also offers policy issuance and claims adjusting services; and acts as an agent to homeowner general liability, workers' compensation insurance, and other products. In addition, it provides reinsurance services. The company sells its products through independent insurance agencies, as well as directly on Internet through mobile devices, and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.
Read More

Today's Range

Now: $132.51
Low: $130.00
High: $132.79

50 Day Range

MA: $125.04
Low: $115.89
High: $132.51

52 Week Range

Now: $132.51
Low: $94.11
High: $134.50

Volume

1,253,200 shs

Average Volume

2,749,392 shs

Market Capitalization

$77.53 billion

P/E Ratio

93.98

Dividend Yield

0.30%

Beta

0.45

Frequently Asked Questions

What sell-side analysts currently cover shares of Progressive?

The following Wall Street research analysts have issued stock ratings on Progressive in the last twelve months: Barclays PLC, Citigroup Inc., Credit Suisse Group AG, Edward Jones, Evercore ISI, Jefferies Financial Group Inc., Keefe, Bruyette & Woods, MKM Partners, Morgan Stanley, Piper Sandler, Raymond James, StockNews.com, The Goldman Sachs Group, Inc., TheStreet, UBS Group AG, and Wells Fargo & Company.
View the latest analyst ratings for PGR.

What is the current price target for Progressive?

13 Wall Street analysts have set twelve-month price targets for Progressive in the last year. Their average twelve-month price target is $120.38, suggesting a possible downside of 9.2%. MKM Partners has the highest price target set, predicting PGR will reach $150.00 in the next twelve months. Wells Fargo & Company has the lowest price target set, forecasting a price of $98.00 for Progressive in the next year.
View the latest price targets for PGR.

What is the current consensus analyst rating for Progressive?

Progressive currently has 4 sell ratings, 6 hold ratings and 4 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in PGR, but not buy more shares or sell existing shares.
View the latest ratings for PGR.

What other companies compete with Progressive?

How do I contact Progressive's investor relations team?

Progressive's physical mailing address is 6300 Wilson Mills Road, Mayfield Village OH, 44143. The insurance provider's listed phone number is (440) 461-5000. The official website for Progressive is www.progressive.com. Learn More about contacing Progressive investor relations.