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 disclosures by fund managers ($100M+ AUM)
116% more first-time investments, than exits
New positions opened: 238 | Existing positions closed: 110
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: 674 | Existing positions reduced: 595
6% more funds holding
Funds holding: 1,632 [Q3] → 1,728 (+96) [Q4]
2.4% more ownership
Funds ownership: 83.31% [Q3] → 85.71% (+2.4%) [Q4]
3% less capital invested
Capital invested by funds: $124B [Q3] → $120B (-$3.36B) [Q4]
11% less funds holding in top 10
Funds holding in top 10: 79 [Q3] → 70 (-9) [Q4]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Morgan Stanley Bob Huang 63% 1-year accuracy 12 / 19 met price target | 14%upside $320 | Overweight Maintained | 29 Apr 2025 |
Wells Fargo Elyse Greenspan 50% 1-year accuracy 57 / 113 met price target | 15%upside $324 | Overweight Maintained | 17 Apr 2025 |
BMO Capital Michael Zaremski 68% 1-year accuracy 17 / 25 met price target | 2%upside $288 | Outperform Maintained | 17 Apr 2025 |
Keefe, Bruyette & Woods Meyer Shields 64% 1-year accuracy 74 / 115 met price target | 2%upside $288 | Market Perform Downgraded | 17 Apr 2025 |
B of A Securities Joshua Shanker 53% 1-year accuracy 26 / 49 met price target | 5%upside $297 | Neutral Maintained | 17 Apr 2025 |
Financial journalist opinion
Based on 42 articles about PGR published over the past 30 days
