Wells Fargo & Company Issues Pessimistic Forecast for Progressive (NYSE:PGR) Stock Price

Progressive (NYSE:PGR) had its target price decreased by equities research analysts at Wells Fargo & Company from $240.00 to $220.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 5.31% from the stock’s previous close.

Several other brokerages have also recently commented on PGR. The Goldman Sachs Group set a $227.00 target price on shares of Progressive in a research report on Wednesday, January 7th. JPMorgan Chase & Co. dropped their target price on shares of Progressive from $303.00 to $275.00 and set an “overweight” rating for the company in a research report on Wednesday, January 7th. HSBC set a $259.00 target price on shares of Progressive and gave the company an “underperform” rating in a research report on Monday, November 17th. Jefferies Financial Group reissued a “hold” rating on shares of Progressive in a research note on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Progressive in a research report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $257.80.

Progressive Stock Performance

Shares of NYSE PGR traded down $3.84 during trading hours on Thursday, hitting $208.90. 280,650 shares of the company’s stock were exchanged, compared to its average volume of 3,693,603. The stock has a market capitalization of $122.50 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 1.27 and a beta of 0.34. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.29 and a quick ratio of 0.29. The company’s 50-day moving average price is $220.33 and its 200-day moving average price is $231.34. Progressive has a 1-year low of $198.50 and a 1-year high of $292.99.

Insiders Place Their Bets

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 sale, the insider owned 39,626 shares of the company’s stock, valued at $8,097,573.10. The trade was a 4.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven Broz sold 1,344 shares of the company’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $224.80, for a total value of $302,131.20. Following the completion of the transaction, the insider directly owned 26,354 shares of the company’s stock, valued at approximately $5,924,379.20. This trade represents a 4.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 13,788 shares of company stock valued at $3,018,961. 0.33% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Progressive

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC increased its stake in Progressive by 15.6% during the 4th quarter. Brighton Jones LLC now owns 3,392 shares of the insurance provider’s stock valued at $813,000 after purchasing an additional 457 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Progressive in the fourth quarter valued at about $269,000. Bison Wealth LLC boosted its stake in shares of Progressive by 3.2% in the fourth quarter. Bison Wealth LLC now owns 2,568 shares of the insurance provider’s stock worth $615,000 after acquiring an additional 80 shares during the last quarter. Sound Income Strategies LLC grew its stake in Progressive by 86.2% during the 2nd quarter. Sound Income Strategies LLC now owns 175 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 81 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Progressive by 8.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 100,899 shares of the insurance provider’s stock valued at $26,926,000 after buying an additional 7,436 shares in the last quarter. 85.34% of the stock is currently owned by institutional investors.

Key Stories Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Q4 2025 results beat expectations — upside in revenue and EPS, an improved combined ratio (~87.1% reported by analysts), disciplined underwriting and premium growth that support near-term earnings visibility. Progressive quarterly profit jumps, CFO to retire (Reuters)
• Positive Sentiment: Bank of America reiterated a Buy and raised its price target to $334, signaling meaningful valuation upside vs. current trading levels and helping lift sentiment. Progressive: Sustained Policy Momentum… (TipRanks)
• Neutral Sentiment: CFO John Sauerland will retire July 3, 2026; Andrew Quigg (Chief Strategy Officer) is named successor and will overlap for a transition — continuity is planned but investors should monitor execution and any change in financial or capital allocation approach. Progressive Announces Plans For CFO Transition (GlobeNewswire)
• Negative Sentiment: Recent analyst downgrades and lower price targets from firms such as HSBC and BMO have trimmed some enthusiasm and add near-term selling pressure for investors focused on margin risk and premium trends. Is Progressive Corporation (PGR) One of the Best Inexpensive Stocks to Buy Now? (InsiderMonkey)
• Negative Sentiment: Zacks issued a downgrade to “strong sell” (highlighting differing analyst views) and notable insider selling activity has been reported, both of which can weigh on sentiment despite the earnings beat. Zacks.com (downgrade) Quiver Quant (insider/transition summary)

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.