ProgressivePGR
About: Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 24 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
Employees: 66,300
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
111% more first-time investments, than exits
New positions opened: 234 | Existing positions closed: 111
14% more call options, than puts
Call options by funds: $574M | Put options by funds: $504M
13% more repeat investments, than reductions
Existing positions increased: 670 | Existing positions reduced: 595
5% more funds holding
Funds holding: 1,632 [Q3] → 1,719 (+87) [Q4]
0.2% more ownership
Funds ownership: 85.61% [Q3] → 85.81% (+0.2%) [Q4]
5% less capital invested
Capital invested by funds: $127B [Q3] → $120B (-$6.63B) [Q4]
10% less funds holding in top 10
Funds holding in top 10: 78 [Q3] → 70 (-8) [Q4]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Keefe, Bruyette & Woods Meyer Shields 80% 1-year accuracy 85 / 106 met price target | 9%upside $300 | Outperform Maintained | 20 Mar 2025 |
B of A Securities Joshua Shanker 51% 1-year accuracy 26 / 51 met price target | 9%upside $300 | Buy Maintained | 20 Mar 2025 |
UBS Brian Meredith 93% 1-year accuracy 26 / 28 met price target | 3%upside $285 | Neutral Maintained | 14 Mar 2025 |
Barclays Alex Scott 58% 1-year accuracy 43 / 74 met price target | 3%upside $285 | Equal-Weight Maintained | 13 Mar 2025 |
Roth MKM Harry Fong 76% 1-year accuracy 16 / 21 met price target | 14%upside $315 | Buy Maintained | 25 Feb 2025 |
Financial journalist opinion
Based on 35 articles about PGR published over the past 30 days
