Progressive stock: Raymond James reiterates a USD 245.00 target for Progressive stock
Published on 10/19/2026 at 15:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRaymond James target view
- On October 16, 2026, Raymond James reiterated a USD 245.00 target and an Outperform rating.
- Third-quarter 2026 revenue reached USD 23.19 billion, up 3.00 percent year over year.
- Progressive Corp stock costs EUR 193.78 at Lang & Schwarz on October 19, 2026 at 3:40 p.m. CEST, plus 0.07 percent versus the Frankfurt close of October 16, 2026.
- Progressive Corp is scheduled to report third-quarter results on November 3, 2026.
On October 16, 2026, Raymond James reiterated an Outperform rating and a USD 245.00 price target for Progressive Corp, according to Investing.com. The target was 12.19 percent above the USD 218.38 home-market price at the time of the finance quote.
Progressive Corp stock was trading at EUR 193.78 at Lang & Schwarz on October 19, 2026 at 3:40 p.m. CEST, plus 0.07 percent versus the Frankfurt close of October 16, 2026 at EUR 193.65.
Third-quarter revenue rose 3.00 percent
Progressive reported USD 23.19 billion in revenue for the third quarter of 2026, up 3.00 percent from the third quarter of 2025, according to Simply Wall St. Net income was USD 2.54 billion, while the net profit margin stood at 11.00 percent for the same period.
Price range and trading activity
On the NYSE, Progressive traded between USD 215.51 and USD 218.69 on October 19, 2026, with 128,078 shares changing hands against an average volume of 2,617,879 shares. The USD 218.38 price was 8.77 percent below the 52-week high of USD 239.38 and 15.42 percent above the USD 189.20 low. Raymond James reported a 6.10 percent year-to-date decline in the stock on October 16, 2026.
Valuation and November date
Progressive had a market capitalization of USD 126.9 billion and a price-to-earnings ratio of 10.98 on October 19, 2026. The next scheduled reporting date is November 3, 2026, when the company is expected to publish third-quarter results, according to Simply Wall St.
Comparison with peers
Progressive Corp: plus 0.07 percent, price-to-earnings ratio 10.98, market capitalization USD 126.9 billion.
Allstate (NYSE, USD): minus 0.64 percent, price-to-earnings ratio 4.92, market capitalization USD 62.3 billion.
Travelers (NYSE, USD): minus 0.28 percent, price-to-earnings ratio 10.16, market capitalization USD 81.0 billion.
Progressive stock price in Germany
The Raymond James target provides a dated valuation marker while the German quote stayed close to the previous Frankfurt close. The company combines personal, commercial and property insurance operations in the United States.
The further course of trading is shown by the continuously updated real-time quote of Progressive Corp stock.
Progressive Corp market data
- Company: The Progressive Corporation
- ISIN: US7433151039
- Ticker: PGR
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 19, 2026, 3:40 p.m. CEST): EUR 193.78
- Change versus Frankfurt close: plus 0.07 percent
- Frankfurt close (October 16, 2026): EUR 193.65
- Market capitalization: USD 126.9 billion (as of October 19, 2026)
- 52-week range: USD 189.20-239.38 (as of October 19, 2026)
- Sector / Industry: Financial Services / Property and Casualty Insurance
Market context: Market report S&P 500.
