Form 4 PROGRESSIVE CORP/OH/ For: Jun 24 Filed by: KELLY JEFFREY D

Go back to Form 4 PROGRESSIVE CORP/OH/ For: Jun 24 Filed by: KELLY JEFFREY D

Raymond James Positive on Progressive Corp. (PGR): 'May Underwriting Outperformance; NII and Repurchases Support Upside'

June 29, 2026 7:28 AM EDT

Raymond James analyst C. Gregory Peters reiterated an Outperform rating and $245.00 price target on Progressive Corp. (NYSE: PGR).

The analyst comments "We are reiterating our out-of-consensus Outperform rating on the shares of The Progressive Corporation (PGR). While we expect a more competitive pricing environment and increasing underlying loss ratios in the near term, we believe PGR remains positioned to report operating EPS ahead of consensus expectations as underwriting margin normalization materializes more gradually than the market anticipates. PGR reported 6% consolidated NPW growth y/y in May 2026,... More