
Progressive (PGR) Stock Forecast & Price Target
Progressive (PGR) Analyst Ratings
Bulls say
Progressive, as the second-largest personal auto insurer in the United States, manages nearly 24 million personal auto policies and has a diversified distribution approach that includes both independent agents and direct channels. The financial outlook for the company appears favorable, with estimated EPS projections increasing for the years 2025 to 2027, driven by improved net investment income and decreased catastrophe losses despite expectations of slower premium growth. Furthermore, the anticipated enhancement in core loss ratios across the property and casualty insurance sector in 2025 supports a strong long-term profitability outlook for Progressive amidst competitive pressures.
Bears say
The financial outlook for Progressive's stock is negatively impacted by a projected decline in premium growth and an increase in core loss ratios, as reflected in the downward adjustment of the 2025 earnings estimate from $18.15 to $17.00. The company's market performance has been hampered by underperformance in key areas, particularly concerning Florida policyholder credit charges, leading to a 5.8% decline in stock price relative to earnings outlook. Additionally, anticipated slowing of the policy in force (PIF) growth rate, coupled with seasonal losses associated with recreational vehicles and evolving loss trends in personal auto insurance, further suggest challenges ahead for the company's financial stability.
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
Start investing in Progressive (PGR)
Order type
Buy in
Order amount
Est. shares
0 shares