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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
89% more first-time investments, than exits
New positions opened: 230 | Existing positions closed: 122
36% more funds holding in top 10
Funds holding in top 10: 70 [Q4 2024] → 95 (+25) [Q1 2025]
17% more capital invested
Capital invested by funds: $120B [Q4 2024] → $140B (+$20B) [Q1 2025]
4% more funds holding
Funds holding: 1,739 [Q4 2024] → 1,809 (+70) [Q1 2025]
10% more repeat investments, than reductions
Existing positions increased: 713 | Existing positions reduced: 649
8% more call options, than puts
Call options by funds: $502M | Put options by funds: $465M
1.15% less ownership
Funds ownership: 85.81% [Q4 2024] → 84.66% (-1.15%) [Q1 2025]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
UBS Brian Meredith | 9%upside $291 | Neutral Maintained | 28 May 2025 |
Morgan Stanley Bob Huang | 23%upside $330 | Overweight Maintained | 19 May 2025 |
Wells Fargo Elyse Greenspan | 22%upside $328 | Overweight Maintained | 7 May 2025 |
BMO Capital Michael Zaremski | 8%upside $288 | Outperform Maintained | 17 Apr 2025 |
Keefe, Bruyette & Woods Meyer Shields | 8%upside $288 | Market Perform Downgraded | 17 Apr 2025 |
Financial journalist opinion
Based on 20 articles about PGR published over the past 30 days
