Progressive Corp (PGR) Stock AnalysisPGRStock AnalysisProgressive Corp

The Progressive Corporation is an insurance holding company, which has insurance and non-insurance subsidiaries and affiliates. The Company's segments include Personal Lines, Commercial Lines and Other indemnity. The Personal Lines segment writes insurance for personal autos and special lines products. Its special lines of products include recreational vehicles, such as motorcycles, RVs, and watercraft. The Company's Personal Lines products are sold through both the agency and direct channels. The Commercial Lines segment writes auto-related liability and physical damage insurance, business-related general liability and commercial property insurance predominately for small businesses, and workers’ compensation insurance primarily for the transportation industry. Its reinsurance activity includes both transactions which are regulated and those that are non-regulated. It offers Snapshot through hardware-based and/or mobile-app versions in all states, other than California. It operates in the Financials sector (FIRE, MARINE & CASUALTY INSURANCE industry).

Progressive Corp (PGR) is a good buy right now, trading at $218.64 with a forward P/E of 12.42, suggesting it is undervalued compared to its growth potential. The company has shown strong revenue growth, with Q2 2026 revenue at $23.6 billion, up from $22.2 billion in Q1 2026, indicating a solid upward trend. The RSI is at 53.30, indicating a neutral momentum, but the stock recently saw a 4% increase following positive earnings results, reflecting investor confidence. The main risk is the recent decline in net income, which fell to $961 million in July 2026 from $1.09 billion in July 2025, indicating some profitability challenges that could affect future performance.

19 analysts cover PGR: 9 rate it Buy, 8 Hold and 2 Sell. The average price target is 257.11.