Wolfe Research has initiated coverage on Progressive Corp (PGR) with a Peer Perform rating, effective September 15, 2025. The current share price stands at $228.29.
Progressive Corp, headquartered in Mayfield, Ohio, is an insurance holding company that provides personal and commercial auto insurance, residential property insurance, and specialty property-casualty insurance. The company operates across three segments: Personal Lines, Commercial Lines, and Other indemnity, employing approximately 66,300 full-time staff.
As of November 20, 2025, Progressive has a market capitalization of $131.1 billion, a P/E ratio of 12.24, and an EPS of 18.22. The company offers a dividend yield of 17.9%.
Upcoming earnings are scheduled for August 3, 2026, with an estimated EPS of $3.93 and revenue of $22.4 billion. Analyst consensus indicates 5 Strong Buy, 9 Buy, 14 Hold, 1 Sell, and no Strong Sell ratings, reflecting a general positive outlook on the stock.
This update provides insight into Wolfe Research's initial assessment of Progressive's investment potential, which is based on the firm's research and analysis of the company's fundamentals and market conditions. Analyst ratings can change as new information emerges, and they should be considered alongside other factors when making investment decisions.