Progressive Corp (PGR) stock expected to rise by 6.25%: What’s driving the optimism?

A share price of Progressive Corp [PGR] is currently trading at $275.13, down -0.35%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PGR shares have gain 1.86% over the last week, with a monthly amount drifted -2.88%, and not seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Progressive Corp [NYSE: PGR] stock has seen the most recent analyst activity on April 04, 2025, when BofA Securities downgraded its rating to a Neutral but kept the price target unchanged to $287 for it. Previously, Raymond James upgraded its rating to Outperform on December 26, 2024, and kept the price target unchanged to $305. On December 10, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $267 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $367 on September 05, 2024. Goldman upgraded its rating to a Buy and raised its price target to $262 on August 15, 2024. HSBC Securities upgraded its rating to Buy for this stock on August 12, 2024, but kept the price target unchanged to $253. In a note dated July 17, 2024, Keefe Bruyette upgraded an Outperform rating on this stock and boosted its target price from $210 to $245.

Progressive Corp experienced fluctuations in its stock price throughout the past year between $197.62 and $292.99. Currently, Wall Street analysts expect the stock to reach $292.33 within the next 12 months. Progressive Corp [NYSE: PGR] shares were valued at $275.13 at the most recent close of the market. An investor can expect a potential return of 6.25% based on the average PGR price forecast.

Analyzing the PGR fundamentals

Trailing Twelve Months sales for Progressive Corp [NYSE:PGR] were 75.34B which represents 20.04% growth. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.35 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.27.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 271.61 points at the first support level, and at 268.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 281.08, and for the 2nd resistance point, it is at 287.02.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Progressive Corp [NYSE:PGR] is 0.68. Considering the valuation of this stock, the price to sales ratio is 2.14, the price to book ratio is 6.30 and price to earnings (TTM) ratio is 19.07.

Transactions by insiders

Recent insider trading involved Sauerland John P, VP and Chief Financial Officer, that happened on Mar 28 ’25 when 10000.0 shares were sold. Officer, Sauerland John P completed a deal on Mar 28 ’25 to buy 10000.0 shares. Meanwhile, Director Johnson Devin C sold 400.0 shares on Mar 25 ’25.

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