Mizuho has initiated coverage on Progressive Corp (PGR), assigning it a Neutral rating. This marks the firm's first assessment of the company’s investment potential, reflecting its analysis of the insurance sector and Progressive's market position.
Progressive Corp, headquartered in Mayfield, Ohio, is a prominent insurance holding company offering personal and commercial auto insurance, residential property insurance, and specialty property-casualty insurance. The company employs 66,300 full-time staff and operates through various segments, including Personal Lines and Commercial Lines. As of December 16, 2025, Progressive's shares are priced at $223.78, with a market capitalisation of $138.6 billion and a P/E ratio of 12.94.
The move underscores Mizuho's view of the company's current standing amidst evolving industry dynamics. Analyst ratings, including this one, serve as professional perspectives grounded in research and financial models. They can provide valuable insights but should be considered alongside a comprehensive evaluation of company fundamentals, competitive positioning, and broader market trends.
Upcoming earnings reports are anticipated on May 4, 2026, with an estimated EPS of $4.51 and revenue of $24.0 billion, and on August 3, 2026, projecting an EPS of $3.91 against revenue of $22.4 billion. Recent earnings performance has shown variability, with Q3 2025 EPS at $4.05, falling short of the estimate of $5.09, representing a 20.4% surprise to the downside.
As of December 1, 2025, the analyst consensus for Progressive stands at 4 Strong Buy, 10 Buy, 14 Hold, and 1 Sell, indicating a general inclination towards a Buy rating across the board. Analyst opinions may shift as new data emerges, highlighting the need for investors to remain informed about any changes in sentiment.