
Progressive (PGR) Stock Forecast & Price Target
Progressive (PGR) Analyst Ratings
Bulls say
Progressive stands as the second-largest personal auto insurer in the U.S., managing nearly 24 million personal auto policies and demonstrating robust market presence through both independent agencies and direct sales channels. The company's earnings outlook has improved, with adjusted earnings per share estimates for 2025, 2026, and 2027 raised to $18.15, $15.40, and $16.40, respectively, driven by enhanced net investment income and a reduction in expected catastrophe losses. Despite anticipated challenges such as slower premium growth and rising expense ratios, Progressive is expected to benefit from improving core loss ratios across the property and casualty insurance sector, supporting a positive long-term financial trajectory.
Bears say
The financial outlook for Progressive is increasingly negative, primarily due to anticipated slower premium growth and a rise in the core loss ratio linked to recent underperformance in the Florida market. The forecasted earnings per share for 2025 has been revised downward to $17.00, reflecting concerns over competitive rate increases, seasonal claims trends, and a potential normalization of auto damage loss patterns. Consequently, an adjustment in earnings estimates indicates that even minor fluctuations in EPS could result in significant changes to the stock's valuation metrics.
This aggregate rating is based on analysts' research of Progressive and is not a guaranteed prediction by Public.com or investment advice.
Progressive (PGR) Analyst Forecast & Price Prediction
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