JPMorgan raises target for Progressive stock from USD 241.00 to USD 250.00

Published on 10/06/2026 at 11:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 23.61 billion in the second quarter of 2026. Progressive stock costs EUR 189.75 on October 6, 2026 after EUR 189.43.

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Progressive (ISIN US7433151039) was trading at EUR 189.75 at Lang & Schwarz on October 6, 2026 at 11:36 a.m. CEST, up 0.17 percent versus the prior close of EUR 189.43. According to MarketBeat on October 5, 2026, JPMorgan Chase & Co. raised its price target for Progressive from USD 241.00 to USD 250.00 and retained a neutral rating.

JPMorgan raises the target

The USD 9.00 increase lifted JPMorgan's target by 3.73 percent from its previous level. MarketBeat also reported an average analyst rating of Hold, based on seven Buy ratings, thirteen Hold ratings and two Sell ratings, with an average target of USD 235.37.

The latest quarterly operating figures provide the key counterweight to that cautious rating. Progressive reported USD 23.61 billion in revenue and USD 5.67 in earnings per share for the second quarter of 2026, compared with consensus estimates of USD 19.49 billion and USD 4.64, respectively, according to MarketBeat. Revenue was up 5.00 percent year over year, while earnings per share exceeded consensus by USD 1.03.

August premiums rose 6.00 percent

Progressive's August 2026 results showed net premiums written of USD 7.605 billion, up 6.00 percent from August 2025, while net premiums earned rose 5.00 percent to USD 7.354 billion. Net income fell 22.00 percent to USD 951 million, and the combined ratio increased to 89.3 from 83.1, according to Progressive in its release dated September 18, 2026.

Policy growth remained positive in the same August report. Total policies in force reached 40.492 million, up 7.00 percent from 37.890 million a year earlier, with personal-lines policies accounting for 39.247 million.

Dividend and results date

Progressive declared a quarterly dividend of USD 0.10 per share, payable October 9, 2026 to shareholders of record on October 1, 2026, according to MarketBeat. The next monthly results release is scheduled for October 14, 2026, according to Yahoo Finance.

Euro quote stays above the yearly low

Progressive's market capitalization was USD 123.6 billion as of October 5, 2026. Its primary-market 52-week range was USD 189.20 to USD 245.64 on that date, placing the latest USD quote near the lower end of the range while the euro quote reflects Lang & Schwarz trading in Germany.

The Lang & Schwarz price was EUR 189.75 on October 6, 2026 at 11:36 a.m. CEST, compared with a prior close of EUR 189.43, a gain of 0.17 percent. The further course of trading is shown by the continuously updated real-time quote of Progressive stock.