Wells Fargo has downgraded Progressive Corp (PGR) to Equal-Weight from Overweight, signaling increased caution regarding the company's future outlook. This decision, made on September 17, 2025, comes as the insurance provider faces potential challenges in competitive pressures and market conditions that could impact performance.
Progressive Corp operates within the insurance industry, specializing in personal and commercial auto insurance, as well as residential property insurance. Headquartered in Village of Mayfield, Ohio, the company employs 66,300 full-time staff and boasts a market capitalization of $131.1 billion. Its current price stands at $228.29, with a price-to-earnings ratio of 12.24 and an earnings per share figure of 18.22. The company also offers a robust dividend yield of 17.9%.
Upcoming earnings reports are scheduled for August 3, 2026, with an estimated EPS of $3.93 and revenue expectation of $22.4 billion. Analyst consensus reflects a generally positive outlook, with 5 Strong Buy, 9 Buy, and 14 Hold ratings among 29 total analysts.
Such decisions reflect the dynamic nature of analyst ratings, which can shift in response to new information. Investors should consider a range of factors, including company fundamentals and market trends, when evaluating their investment strategies.