KBW sets USD 252 target for Progressive Corp stock

Published on 10/13/2026 at 12:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 7.30 percent to USD 23.60 billion. Progressive Corp stock was EUR 198.25 on October 13, 2026, with a USD 128.1 billion market cap.

KBW maintained a Buy rating and a USD 252.00 price target for Progressive Corp stock on October 12, 2026.
Progressive reported USD 23.61 billion in second-quarter revenue and USD 3.31 billion in net income.
August net income fell 22.00 percent year over year to USD 951.00 million, while total policies rose 7.00 percent.
Progressive stock was trading at EUR 198.25 at Lang & Schwarz on October 13, 2026, at 12:25 p.m. CEST.

Flatlay-Anordnung mit Aktienzertifikat, ISIN-Karte, Autoschlüssel und Schadenformular — Progressive Corp US7433151039 illustriert Flatlay mit Aktienzertifikat, ISIN-Karte und Versicherungsschadenformular auf Holztisch, Illustration mit AI erstellt.

Progressive Corp (ISIN US7433151039) was trading at EUR 198.25 at Lang & Schwarz on October 13, 2026, while KBW maintained its Buy rating and set a USD 252.00 price target on October 12, 2026. The rating and target give the stock a fresh analyst reference ahead of Progressive's September results.

KBW keeps its target at USD 252

According to Markets Insider on October 12, 2026, KBW analyst Meyer Shields maintained a Buy rating and a USD 252.00 target for Progressive. The source places the target above the latest US market quote of USD 220.28 dated October 12, 2026, although the two prices belong to different currencies and are not combined into a return calculation.

What does USD 252 signal?

The target arrives as Progressive prepares to publish September results on October 14, 2026. The Stock Observer reported on October 13, 2026, that analysts expect third-quarter revenue of USD 22.61 billion and earnings per share of USD 4.35.

Progressive's latest reported quarter provides a higher base for comparison. For the second quarter of 2026, revenue was USD 23.61 billion and net income was USD 3.31 billion, according to Markets Insider; the same report cited USD 22.00 billion in revenue and USD 3.18 billion in net income for the prior-year quarter.

August results show the risk

Progressive's August 2026 report showed a different side of the earnings picture. Finanznachrichten published the company release dated September 18, 2026, which reported August net income of USD 951.00 million, down 22.00 percent from USD 1.22 billion in August 2025.

The same release reported net premiums earned of USD 7.35 billion, up 5.00 percent year over year, and 40.49 million policies in force at August 31, 2026, up 7.00 percent from 37.89 million. The combined ratio rose to 89.30 percent from 83.10 percent, making claims performance a central figure for the upcoming results.

Three dated operating signals

On July 15, 2026, Progressive reported second-quarter earnings per share of USD 5.67 against consensus of USD 4.64, while revenue reached USD 23.61 billion, according to The Stock Observer. On September 18, 2026, the August release showed USD 951.00 million in net income and 40.49 million policies in force, while on October 12, 2026, KBW maintained its Buy rating and USD 252.00 target.

Next dates for Progressive

Progressive's next reported event is September 2026 results on October 14, 2026, with the date reported by The Stock Observer. The same source lists an earnings call for November 3, 2026.

Stock price and valuation

Progressive's Lang & Schwarz quote stood at EUR 198.25 on October 13, 2026 at 12:25 p.m. CEST. The US listing is on the NYSE, where the October 12, 2026 quote was USD 220.28; the 52-week range was USD 189.20 to USD 241.01 and market capitalization was USD 128.1 billion.

The further course of trading is shown by the continuously updated real-time quote of Progressive Corp stock.