
Progressive (PGR) Stock Forecast & Price Target
Progressive (PGR) Analyst Ratings
Bulls say
Progressive, the second-largest personal auto insurer in the U.S., has demonstrated a positive outlook due to its strong performance metrics, including an increased earnings per share (EPS) forecast for 2025 at $18.15, up from earlier estimates. The company’s ability to manage expenses is evident despite a projected increase in the personal auto expense ratio, indicating resilience in maintaining profitability amidst competitive market conditions. Additionally, Progressive's strategy of leveraging both agent and direct channels for policy distribution, alongside its expansion into homeowners insurance, positions it well for future growth in a challenging environment.
Bears say
Progressive's stock faces a negative outlook primarily due to expectations of slower premium growth and a higher core loss ratio following underperformance in September, leading to a lowered earnings estimate for 2025. The company is anticipated to experience a deceleration in its policy in force growth rate as competitors’ rate increases slow down, compounded by seasonal loss patterns and potential normalization of loss trends. Additionally, a significant decline in earned rate increases could further exacerbate the company's financial challenges, sustaining rising personal auto loss ratios in the near term.
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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