Progressive에 대한 매도 수량은 투자자에게 Progressive의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Progressive (NYSE:PGR) 주식, 공매도 수량 보고

Progressive

Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 20 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.

Analyst Color

Previews

Analyst Ratings

Trading Ideas

Insurance

실적 시즌이 시작됨에 따라, BofA 증권의 애널리스트들이 주요 보험사들의 4분기 보고서에 대한 전망을 금요일에 발표했다. 이 증권사는 또한 로스앤젤레스 지역의 산불이 현재 분기에 해당 회사들에 미칠 영향을 살펴보았다.

올스테이트·처브·프로그레시브: 4분기 보고서 전에 산불과 기상 사건으로 중대한 손실 예상

News

캘리포니아의 10조 달러의 부동산 시장, 산불로 인한 전례없는 위기에 직면

Long Ideas

Hedge Funds

올레 안드레아스 할보르센(Ole Andreas Halvorsen)이 이끄는 270억 달러 규모의 거대 투자회사인 바이킹 글로벌 인베스터스(Viking Global Investors)는 금융 부문에 대한 과감한 베팅으로 화제를 불러일으키고 있다. 

바이킹 글로벌의 금융주 베팅: 포트폴리오 강화할 최고의 3종목은?

Progressive Corporation (The) Common Stock

Progressive Corp

Paramount Group Inc

Putnam Focused Large Cap Growth ETF

PROPERTYGURU GROUP LTD ORD SHS

As the earnings season gets underway, analysts from BofA Securities released a preview on Friday of what to expect from major insurers' fourth-quarter reports. 
The firm also took a look at how the Los Angeles area wildfires will affect the companies<a href="https://www.benzinga.com/news/legal/25/01/42953761/santa-ana-winds-return-as-la-wildfire-damage-estimates-rise-to-at-least-250-billion-fire-officials-investigate-downed-power-lines"> in the current quarter. </a>
Allstate: BofA expects Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) to report $764 million in catastrophe losses for the fourth quarter, equaling a catastrophe load of 5.5%. The firm noted that Allstate reported net catastrophe losses of $286 million in October, which included losses from Hurricane Milton, unfavorable reserve re-estimates from Hurricane Helene and losses from other inclement weather events in North America.
BofA currently sees first-quarter catastrophe losses of $1.46 billion — 10.3% catastrophe load —  which includes $700 million from the California wildfires, where the firm expects Allstate to incur more losses from the Eaton fire as compared to the Palisades fire.  
BofA Securities maintained a Buy rating on Allstate shares but lowered its price target from $285 to $279. 
Allstate is set to report its fourth-quarter financial results on Feb. 5 after the closing bell. Analysts expect the company to report earnings of $5.95 per share and revenue of $14.7 billion for the quarter.&nbsp;
Read Next: <a href="https://www.benzinga.com/general/health-care/25/01/43041254/unitedhealth-ceo-highlights-hospitals-doctors-pharmas-role-in-soaring-health-care-costs">UnitedHealth CEO Highlights Hospitals, Doctors, Pharma&#8217;s Role In Soaring Health Care Costs</a>&nbsp;
Chubb: The firm sees Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) reporting $851 million in catastrophe losses, or an 8.1% loss ratio impact, for the first quarter. Chubb was exposed to adverse weather events around the world including European flooding, Hurricane Milton and other weather events in the U.S.
BofA pointed to Chubb as a major underwriter of high-net-worth homeowners' insurance and is modeling $1.9 billion, a 17.5% catastrophe load, of first-quarter catastrophe losses for the insurer. The California wildfires account for $1.3 billion of those projected first-quarter catastrophe losses.&nbsp;&nbsp;
BofA Securities maintained an Underperform rating on Chubb and lowered its price target from $272 to $266. 
Chubb is set to report its fourth-quarter financial results on Jan. 28 after the market close. According to estimates from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzingo Pro</a>, analysts expect the company to report earnings of $5.46 per share on revenue of $12.277 billion.&nbsp;
Progressive: The analysts expect Progressive to report $104 million in catastrophe losses in December, which would bring its fourth-quarter catastrophe losses to $340 million. 
BofA models first-quarter catastrophe losses of $584 million, including $90 million from the California wildfires, with two-thirds of those losses from the auto segment.&nbsp;
BofA Securities maintained Progressive with a Buy rating and lowered its price target from $339 to $322. 
Progressive is set to report its fourth-quarter results before the opening bell on Jan. 29. Analysts expect the company to report earnings of $3.52 per share and revenue of $18.357 billion for the quarter.&nbsp;
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/01/43007213/experts-see-the-fed-on-hold-for-now-if-there-are-any-cuts-at-all-in-2025-after-decembers-sticky-consumer-inflation-report">Interest Rate Cuts &#8216;On Hold&#8230; If There Are Any At All In 2025&#8217; After December&#8217;s Sticky Consumer Inflation Report: Economists&nbsp;</a></li>
</ul>
Photo: Shutterstock

Allstate, Chubb, Progressive Face Significant Losses From Wildfires, Weather Events Say Analysts Ahead Of Q4 Reports

Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) has outperformed the market over the past 15 years by 7.53% on an annualized basis producing an average annual return of 19.02%. Currently, Progressive has a market capitalization of $140.45 billion. 
Buying $1000 In PGR: If an investor had bought $1000 of PGR stock 15 years ago, it would be worth $13,538.11 today based on a price of $239.76 for PGR at the time of writing.
<h3>Progressive's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736893812_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 15 Years Ago Would Be Worth This Much Today

California&#8217;s $10 trillion residential property market is under siege as wildfires wreak havoc across the southern part of the state.
What Happened: The fires, which have already destroyed more than 5,000 buildings, pose a potential risk to the stability of the state&#8217;s insurance market.
A report <a href="https://www.bloomberg.com/graphics/2025-los-angeles-wildfires-insurance/?srnd=homepage-americas&amp;sref=TBDibEcD">by</a> Bloomberg said that the wildfires have struck three areas identified as particularly susceptible. One of these is the Pacific Palisades neighborhood in Los Angeles.
Michael Wara,&nbsp;a senior researcher and wildfire&nbsp;expert at Stanford University told the outlet, &#8220;Pacific&nbsp;Palisades really jumps out, even&nbsp;in the context of high-risk&nbsp;areas in California.&#8221;
As of Friday, more than 57,000 structures were in severe danger, and more than 150,000 people were under evacuation.  JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) estimated on Thursday that the insured damages could surpass $20 billion, making it the most expensive wildfire in US history.
Also Read: <a href="https://www.benzinga.com/news/25/01/42922091/spacex-apple-airbnb-and-more-companies-pitch-in-to-support-california-residents-after-wildfires-we-want-to-help">SpaceX, Apple, Airbnb And More Companies Pitch In To Support California Residents After Wildfires: &#8216;We Want To Help&#8217;</a>
The wildfires have sparked concerns about the future of insurance for&nbsp;homes in one of the&nbsp;world&#8217;s most valuable property markets. 
"This sustainable insurance strategy is built for events like this," Michael Soller, deputy commissioner of the Department of Insurance said. "It is intended to stabilize the insurance market for the long term."
Daniel Swain, a climatologist at the University of California, Los Angeles, said, &#8220;Could a single event cause insurers to become insolvent? That&#8217;s the great fear.&#8221;
The escalating departure&nbsp;of private insurers has left&nbsp;the state-backed insurer of last&nbsp;resort, the California FAIR Plan,&nbsp;in a precarious position. 
The FAIR Plan&nbsp;could be on the hook&nbsp;for billions, as&nbsp;it estimated its own exposure&nbsp;in the larger Pacific Palisades&nbsp;area at nearly $6 billion.
According to the report, the State Farm, California's largest insurer, reduced nearly 70% of its policies in a Pacific Palisades ZIP code last year, while FAIR saw its policy count in the same area surge by 85%. 
This shift has left FAIR potentially liable for billions. As of September, the plan estimated its exposure in the broader Pacific Palisades region at nearly $6 billion. 
However, its most recent public financial report from spring of last year revealed just $200 million in surplus cash reserves and $2.5 billion in reinsurance—coverage designed to protect insurers in catastrophic scenarios—leaving a significant gap in resources.
Insurers with significant exposure to California&#8217;s homeowners' market faced sharp declines on Friday, as the devastation caused by the Los Angeles wildfires escalated.
Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) shares plunged 6%, while Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) and Travelers Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) both dropped more than 3%, ranking among the biggest losers in the S&amp;P 500. Meanwhile, American International Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>) and Progressive Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) saw declines exceeding 1%.
According to JPMorgan, Allstate, Chubb, and Travelers are the insurers most exposed to the financial impact of the wildfires. The firm highlighted that Chubb&#8217;s focus on high-net-worth clientele in the region could lead to particularly elevated exposure.
Why It Matters: The current wildfires and the looming insurance crisis underscore the increasing threat of climate change. With the fires continuing largely unchecked, many are left pondering&nbsp;if this event will permanently&nbsp;alter the relationship between climate&nbsp;risk and homes in California. 
The escalating crisis not only threatens the property market but also poses a significant risk to the state&#8217;s economy.
Read Next:
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<li><a href="https://www.benzinga.com/general/entertainment/25/01/42888380/los-angeles-fires-shut-down-production-of-tv-shows-fallout-abbott-elementary-hacks-film-premieres-canceled-critics-choice-awards-delayed" target="_blank" rel="noreferrer noopener">Los Angeles Fires Shut Down Production Of TV Shows ‘Fallout,' ‘Abbott Elementary,' ‘Hacks'; Film Premieres Canceled, Critics Choice Awards Delayed</a></li>
</ul>
Image: Wikimedia Commons

California's $10 Trillion Property Market Faces Unprecedented Threat From Wildfires

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Outperform and lowers the price target from $295 to $294.

Price Target

Keefe, Bruyette & Woods Maintains Outperform on Progressive, Lowers Price Target to $294

Barclays analyst Alex Scott maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Equal-Weight and lowers the price target from $277 to $261.

Barclays Maintains Equal-Weight on Progressive, Lowers Price Target to $261

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Keefe, Bruyette &amp; Woods raised the price target for Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) from $82 to $85. Keefe, Bruyette &amp; Woods analyst David Konrad maintained an Outperform rating. Citigroup shares closed at $69.94 on Thursday. <a href="https://www.benzinga.com/quote/C/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies boosted Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) price target from $60 to $69. Jefferies analyst David Katz upgraded the stock from Hold to Buy. SLB shares closed at $49.90 on Thursday. See how other analysts view this stock.</li>
<li>Barclays raised the price target for Robert Half Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHI#NYSE">RHI</a>) from $60 to $80. Barclays analyst Manav Patnaik upgraded the rating from Underweight to Equal-Weight. Robert Half shares closed at $68.51 on Thursday. <a href="https://www.benzinga.com/quote/RHI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan cut the price target for Caesars Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) from $58 to $57. JP Morgan analyst Joseph Greff maintained an Overweight rating. Caesars Entertainment shares closed at $32.59 on Thursday. See how other analysts view this stock.</li>
<li>Jefferies cut Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) price target from $109 to $105. Jefferies analyst David Katz maintained a Hold rating. Wynn Resorts shares settled at $83.80 on Thursday. <a href="https://www.benzinga.com/quote/WYNN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities cut Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) price target from $360 to $351. Truist Securities analyst William Stein maintained a Hold rating. Tesla shares closed at $379.28 on Thursday. <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup raised eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) price target from $68 to $75. Citigroup analyst Ygal Arounian maintained a Buy rating. eBay shares closed at $62.27 on Thursday.  <a href="https://www.benzinga.com/quote/EBAY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark raised the price target for Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) from $555 to $720. Benchmark analyst Matthew Harrigan maintained a Sell rating. Netflix shares settled at $886.73 on Thursday. <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho cut Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) price target from $90 to $82. Mizuho analyst Vijay Rakesh maintained an Outperform rating. Western Digital shares closed at $61.87 on Thursday. <a href="https://www.benzinga.com/quote/WDC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan increased The Progressive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) price target from $251 to $256. JP Morgan analyst Jimmy Bhullar maintained an Overweight rating. Progressive shares closed at $240.65 on Thursday. <a href="https://www.benzinga.com/quote/PGR/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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<li><a href="https://www.benzinga.com/25/01/42763645/how-to-earn-500-a-month-from-acuity-brands-stock-ahead-of-q1-earnings">How To Earn $500 A Month From Acuity Brands Stock Ahead Of Q1 Earnings</a></li>
</ul>

Pre-Market Outlook

EBAY

NFLX

TSLA

WYNN

Tesla To $351? Here Are 10 Top Analyst Forecasts For Friday

JP Morgan analyst Jimmy Bhullar maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Overweight and raises the price target from $251 to $256.

JP Morgan Maintains Overweight on Progressive, Raises Price Target to $256

Progressive's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) short percent of float has risen 14.86% since its last report. The company recently reported that it has 4.99 million shares sold short, which is 0.85% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.65 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Progressive Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735655415_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Progressive has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Progressive's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Progressive's peer group average for short interest as a percentage of float is 2.03%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Progressive's Recent Short Interest

Viking Global Investors, the $27 billion investment giant led by <a href="https://www.benzinga.com/sec/insider-trades/0001103804/viking-global-investors-lp">Ole Andreas Halvorsen</a>, is making waves with bold bets in the financial sector. 
Known for its disciplined, long-term approach, Viking&#8217;s allocation to finance surged from 16.54% in the second quarter to 25.58% in the third quarter. At the heart of this strategy are three standout financial stocks: U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) and Progressive Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>).
<h2 class="wp-block-heading">U.S. Bancorp: A Core Holding</h2>
Topping Viking's portfolio with a 5.6% allocation, U.S. Bancorp represents a significant long-term bet. Viking increased its position by 32.33% in Q3, bringing its total to 33.6 million shares worth $1.54 billion. 
Despite a rocky year with shares down 10.36% year-to-date, Halvorsen's confidence signals a belief in the bank's resilience and growth potential as it navigates a challenging interest rate environment.
Read Also: <a href="https://www.benzinga.com/24/11/42249615/6-regional-bank-stocks-to-buy-before-trump-names-new-sec-leadership">6 Regional Bank Stocks to Buy Before Trump Names New SEC Leadership</a>
<h2 class="wp-block-heading">Visa: Swiping For Gains</h2>
Visa accounts for 3.51% of Viking&#8217;s portfolio, reflecting its faith in the payment giant's global dominance. 
With shares up an impressive 22.34% year-to-date, Visa&#8217;s consistent performance and robust payment volumes make it a reliable growth engine. 
Halvorsen's decision to initiate a new position in Visa underscores its role as a cornerstone in Viking's pivot to finance.
<h2 class="wp-block-heading">Progressive: Betting On Insurance Innovation</h2>
Progressive Corp rounds out Viking&#8217;s top three financial holdings with a 3.22% allocation, despite trimming its stake by 13% last quarter. 
Shares have soared 48.77% year-to-date, driven by the insurer's innovative underwriting practices and superior profitability metrics. Viking's continued investment highlights its belief in Progressive's ability to maintain a competitive edge in the insurance market.
<h2 class="wp-block-heading">Why The Bulls Are Charging</h2>
Halvorsen&#8217;s strategy reflects a calculated shift toward financials at a time of heightened market volatility. With banks like U.S. Bancorp poised for a rebound, Visa thriving in a cashless world, and Progressive outperforming with precision underwriting, Viking Global is banking on these leaders to deliver outsized returns.
For Viking, the play isn't just about short-term gains, its about disciplined, long-term growth and these three financial giants are key to Halvorsen&#8217;s winning formula.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42678014/top-7-blue-chip-stocks-with-the-best-return-potential-going-into-2025">Top 7 Blue-Chip Stocks With The Best Return Potential Going Into 2025</a></li>
</ul>
Photo: Shutterstock

Viking Global's Bullish Bets: Top 3 Financial Stocks Powering Its Portfolio

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Raymond James analyst C. Gregory Peters upgraded the rating for The Progressive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) from Market Perform to Outperform and announced a $305 price target. Progressive shares closed at $243.24 on Tuesday. <a href="https://www.benzinga.com/quote/PGR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Raymond James analyst Aaron Kessler upgraded EverQuote, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) from Outperform to Strong Buy and maintained the price target of $35. EverQuote shares closed at $18.32 on Tuesday. <a href="https://www.benzinga.com/quote/EVER/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. analyst Raghuram Selvaraju upgraded the rating for RAPT Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAPT#NASDAQ">RAPT</a>) from Neutral to Buy and maintained the price target of $10. RAPT Therapeutics shares closed at $1.73 on Tuesday. <a href="https://www.benzinga.com/quote/RAPT/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying PGR stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="598" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26093624/image-210-1024x598.png" alt="" class="wp-image-707746" style="width:365px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26093624/image-210-1024x598.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26093624/image-210-300x175.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26093624/image-210-768x448.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26093624/image-210.png 1057w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

Upgrades

Markets

EVER

RAPT

This Progressive Analyst Turns Bullish; Here Are Top 3 Upgrades For Thursday

14 analysts have shared their evaluations of Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">8</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $293.86, with a high estimate of $335.00 and a low estimate of $237.00. Observing a 4.35% increase, the current average has risen from the previous average price target of $281.62. 
<img src="https://www.benzinga.com/files/images/story/2024/1735214419_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A comprehensive examination of how financial experts perceive Progressive is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>C. Gregory Peters</td>
<td>Raymond James</td>
<td>Announces</td>
<td>Outperform</td>
<td>$305.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Zaremski</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$267.00</td>
<td>$273.00</td>
</tr>
<tr>
<td>Elyse Greenspan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$302.00</td>
<td>$299.00</td>
</tr>
<tr>
<td>Bob Huang</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$310.00</td>
<td>$310.00</td>
</tr>
<tr>
<td>Joshua Shanker</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$335.00</td>
<td>$331.00</td>
</tr>
<tr>
<td>Andrew Kligerman</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$237.00</td>
<td>$197.00</td>
</tr>
<tr>
<td>David Motemaden</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$285.00</td>
<td>$277.00</td>
</tr>
<tr>
<td>Alex Scott</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$277.00</td>
<td>$267.00</td>
</tr>
<tr>
<td>Bob Huang</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$310.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$290.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>Joshua Shanker</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$331.00</td>
<td>$319.00</td>
</tr>
<tr>
<td>Jimmy Bhullar</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$251.00</td>
<td>$242.00</td>
</tr>
<tr>
<td>Joshua Shanker</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$319.00</td>
<td>$309.00</td>
</tr>
<tr>
<td>Yaron Kinar</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$295.00</td>
<td>$257.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Progressive. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Progressive compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Progressive's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Progressive's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PGR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Progressive analyst ratings.</a>
<h2>Delving into Progressive's Background</h2>
Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 20 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
<h3>Progressive: Delving into Financials</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Progressive displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 26.74%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: Progressive's net margin is impressive, surpassing industry averages. With a net margin of 11.84%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Progressive's ROE excels beyond industry benchmarks, reaching 9.24%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Progressive's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.3% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Progressive's debt-to-equity ratio is below the industry average. With a ratio of 0.25, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Basics of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing Progressive: Insights From 14 Financial Analysts

Raymond James analyst C. Gregory Peters upgrades Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) from Market Perform to Outperform and announces $305 price target.

Raymond James Upgrades Progressive to Outperform, Announces $305 Price Target

Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) has outperformed the market over the past 5 years by 14.71% on an annualized basis producing an average annual return of 28.14%. Currently, Progressive has a market capitalization of $145.08 billion. 
Buying $1000 In PGR: If an investor had bought $1000 of PGR stock 5 years ago, it would be worth $3,451.09 today based on a price of $247.65 for PGR at the time of writing.
<h3>Progressive's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734450309_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have This Much Today

Wells Fargo analyst Elyse Greenspan maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Overweight and raises the price target from $299 to $302.

Wells Fargo Maintains Overweight on Progressive, Raises Price Target to $302

BMO Capital analyst Michael Zaremski maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Outperform and lowers the price target from $273 to $267.

BMO Capital Maintains Outperform on Progressive, Lowers Price Target to $267

Morgan Stanley analyst Bob Huang maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Overweight and maintains $310 price target.

Morgan Stanley Maintains Overweight on Progressive, Maintains $310 Price Target

Progressive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) saw a positive trading day on Friday, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42483175/progressive-reports-november-2024-results" rel="noreferrer noopener">buoyed by strong November performance.</a>
The company reported an earnings per share of $1.71, a significant increase from $1.15 in the same month last year. Net premiums written for the month totaled $5.563 billion, marking an 18% year-over-year increase.
Additionally, net premiums earned rose 19% to $6.04 billion, while net income jumped by 48%, highlighting Progressive&#8217;s strong financial growth.
Also Read: <a target="_blank" href="https://benzinga.com/analyst-ratings/analyst-color/24/12/42483141/hershey-merger-talks-fail" rel="noreferrer noopener">Hershey Merger Talks Melt: Did High Cocoa Prices, Mondelez Buyback Program Hurt Deal?</a>
In addition to solid financial results, Progressive last month announced the launch of its new safety feature, Accident Response, aimed at <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n42068205/progressive-insurance-introduces-accident-response-to-customers-nationwide" rel="noreferrer noopener">enhancing customer peace of mind.</a>
This feature, which is available nationwide, is particularly relevant as the winter season approaches, bringing with it an increased risk of accidents due to icy and snowy conditions.
According to the Federal Highway Administration, nearly 70% of U.S. roads are in areas prone to snowy conditions, contributing to over 116,000 annual vehicle crashes on slippery roads.
Accident Response uses phone sensors to detect significant accidents and promptly notifies the driver. If a crash is detected, Progressive reaches out to offer assistance, and if the driver is unresponsive, emergency services are dispatched. Additionally, the app allows customers to quickly request emergency services or a tow, with Progressive automatically submitting a claim on their behalf.
Price Action: PGR shares are trading higher by 3.96% to $252.37 at last check Friday.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/12/42370672/sofi-makes-spacex-accessible-for-retail-investors" target="_blank" rel="noreferrer noopener">SoFi Unlocks SpaceX Exposure For Retail Investors: Here's How</a></li>
</ul>

Earnings

Equities

Movers

General

Progressive's November Surge: EPS Soars 49% As Premiums Hit $6 Billion

WIIM

Progressive shares are trading higher after the company reported a year-over-year increase in November financial results.

The Progressive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) today reported the following results for the month ended November&nbsp;30, 2024:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="9">November</td>
</tr>
<tr>
<td>(millions, except per share amounts and ratios; unaudited)</td>
<td>2024</td>
<td>2023</td>
<td colspan="3">Change</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Net premiums written</td>
<td>$</td>
<td>5,563.3</td>
<td>$</td>
<td>4,725.1</td>
<td>18</td>
<td>%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Net premiums earned</td>
<td>$</td>
<td>6,040.4</td>
<td>$</td>
<td>5,079.0</td>
<td>19</td>
<td>%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Net income</td>
<td>$</td>
<td>1,005.8</td>
<td>$</td>
<td>680.6</td>
<td>48</td>
<td>%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Per share available to common shareholders</td>
<td>$</td>
<td>1.71</td>
<td>$</td>
<td>1.15</td>
<td>48</td>
<td>%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Total pretax net realized gains (losses) on securities</td>
<td>$</td>
<td>175.7</td>
<td>$</td>
<td>246.5</td>
<td>(29</td>
<td>)</td>
<td>%</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Combined ratio</td>
<td>85.6</td>
<td>91.1</td>
<td>(5.5</td>
<td>)</td>
<td>pts.</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Average diluted equivalent common shares</td>
<td>587.7</td>
<td>587.6</td>
<td>0</td>
<td>%</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

Progressive November EPS $1.71 Vs $1.15 YoY; Net Premiums Written $5.563B, Up 18% YoY

Progressive's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) short percent of float has fallen 17.05% since its last report. The company recently reported that it has 4.28 million shares sold short, which is 0.73% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.77 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Progressive Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733510715_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Progressive has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Progressive's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Progressive's peer group average for short interest as a percentage of float is 2.01%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Progressive's Recent Short Interest

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In a report released today, Andrew Kligerman from TD Cowen maintained a Hold rating on Progressive (PGR – Research Report), with a price target of ...

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