Progressive Corp stock gains 1.10 percent on analyst target change

Published on 10/05/2026 at 23:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Progressive Corp stock was last at USD 212.62 on October 5, while JPMorgan raised its target to USD 250.00. August premiums rose 6 percent as profit fell 22 percent.

Architektonisches 3D-Render eines modernen Glas-Bürohochhauses mit Vorplatz — Progressive Corp US7433151039 zeigt modernen Architektur-Render eines gläsernen Bürohochhauses mit begrüntem Vorplatz, Illustration mit AI erstellt.

Progressive Corp stock (ISIN US7433151039) was last at USD 212.62 on the NYSE on October 5, 2026, up 1.10 percent from the previous close. JPMorgan kept its Neutral rating but raised its Progressive price target from USD 241.00 to USD 250.00, according to MarketBeat on October 5, 2026.

JPMorgan lifts target to USD 250

The new target stands 17.6 percent above the October 5 price, using the same USD quotation. JPMorgan's unchanged Neutral stance therefore pairs a higher valuation ceiling with a cautious rating.

MarketBeat's published analyst mix is Hold: seven Buy ratings, thirteen Holds and two Sells. The average target is USD 235.37, which stands 10.7 percent above the stock's USD 212.62 price.

August profit falls as premiums grow

Progressive's August operating figures show a sharper split between growth and underwriting profitability. According to Progressive in its release dated September 18, 2026, net premiums written rose 6 percent year over year to USD 7.605 billion, while net income fell 22 percent to USD 951 million.

The combined ratio increased to 89.3 from 83.1 in August 2025, a 6.2-point deterioration. Policies in force still grew 7 percent to 40.492 million, showing that customer expansion continued while monthly profitability weakened.

September results arrive October 14

Simply Wall St lists October 14, 2026, as Progressive's next reporting date for September results. That date gives investors the next scheduled checkpoint for premium growth, policies in force and the combined ratio.

Progressive stock stays below yearly high

Progressive stock carried a market capitalization of USD 123.6 billion on October 5, 2026, with volume of 2,762,623 shares. Its 52-week range was USD 189.20 to USD 289.96, placing the latest price USD 77.34 below the high.