Progressive

PGR

Market cap $134B

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Progressive Corporation (PGR) is a buy, with structural and informational advantages supporting long-term above-industry ROE and consistent underwriting profitability. PGR's recent 20% price drop is seen as an overcorrection, driven by short-term analyst downgrades and a Q3 earnings miss, not fundamental weakness. Valuation models suggest PGR is undervalued, with intrinsic value estimates up to $385 per share, offering significant upside from current levels.

Progressive's net margin gains, tech-driven underwriting and planned rate hikes raise the question of whether momentum can continue.

Investor Steve Eisman, known for his role in the 2015 movie “The Big Short,” is backing a major insurance stock he believes is undervalued at current levels.

PGR's October surge in EPS, revenues and policy growth highlights strengthening momentum despite recent share underperformance.

Zacks.com users have recently been watching Progressive (PGR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

MAYFIELD VILLAGE, OHIO, Nov. 19, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended October 31, 2025:

Progressive's profitability hinges on tightly managing underwriting expenses that shape its growth, pricing power and long-term value trajectory.

David Wagner argues the current market pullback could be a signal that it's going to climb higher. “The path of least resistance continues to be up,” he says, “the key tenets of the market continue to remain.

Progressive is a leading auto insurer in the U.S. that has a long history of delivering market-beating returns. The company consistently outperforms its peers thanks to superior risk management and pricing ability.