BofA cuts target for Progressive Corp stock to USD 262.00
Published on 10/26/2026 at 16:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and results
- BofA cut its Progressive target to USD 262.00 from USD 266.00 on October 25, 2026.
- Third-quarter net premiums earned rose 5.00 percent to USD 21.87 billion for the period ended September 30, 2026.
- Progressive Corp stock was trading at EUR 204.00 at Lang & Schwarz on October 26, 2026 at 4:35 p.m. CEST.
- The next investor conference call is scheduled for November 3, 2026.
Progressive Corp stock is facing a lower Bank of America target after the firm cut its forecast to USD 262.00 from USD 266.00 on October 25, 2026, according to Markets Insider. At Lang & Schwarz, Progressive Corp stock was trading at EUR 204.00 on October 26, 2026 at 4:35 p.m. CEST.
Premium growth stayed intact
The latest operating figures point to stronger underwriting even as investment results weighed on reported earnings. For the quarter ended September 30, 2026, net premiums earned rose 5.00 percent year over year to USD 21.87 billion, while net income fell 3.00 percent to USD 2.54 billion, StockTitan reported from the October 14, 2026 filing.
The combined ratio improved to 88.70 from 89.50 in the same quarter a year earlier. That 0.80-point improvement came alongside a USD 170.00 million pretax realized securities loss, compared with a USD 295.00 million gain a year earlier.
Stock position and valuation
Progressive had 40.49 million policies in force on September 30, 2026, up 6.00 percent from a year earlier. Its third-quarter diluted earnings per share were USD 4.37, down from USD 4.45 in the year-ago quarter, according to StockTitan.
The primary listing is on the New York Stock Exchange under ticker PGR. The market capitalization was USD 132.6 billion as of October 26, 2026, while the 52-week range was USD 189.20 to USD 239.38. The price-to-earnings ratio was 11.48 and the trailing dividend yield was 6.00 percent on the same date.
Next date for shareholders
Progressive's third-quarter investor conference call is scheduled for November 3, 2026, and the company plans to file its quarterly report on November 2, 2026, according to StockTitan. The October monthly results are scheduled for November 18, 2026.
What the target cut changes
The lower BofA target adds a valuation counterweight to Progressive's improving underwriting figures. The third-quarter combined ratio was 88.70, but the securities loss helped push quarterly net income below the USD 2.62 billion recorded a year earlier.
Investor view
Progressive combines 5.00 percent quarterly premium growth with a 3.00 percent decline in net income for the period ended September 30, 2026. The November reporting dates give investors two near-term checkpoints for underwriting trends and portfolio performance.
At Lang & Schwarz, Progressive Corp stock was trading at EUR 204.00 on October 26, 2026 at 4:35 p.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Progressive Corp stock.
Progressive Corp stock facts
- Company: The Progressive Corporation
- ISIN: US7433151039
- Ticker: PGR
- Primary exchange: New York Stock Exchange
- Price Lang & Schwarz (as of October 26, 2026, 4:35 p.m. CEST): EUR 204.00
- Market capitalization: USD 132.6 billion (as of October 26, 2026)
- 52-week range: USD 189.20-239.38 (as of October 26, 2026)
- Sector / Industry: Financials / Property and casualty insurance
- Next earnings date: November 3, 2026
Market context: Market report S&P 500.
