Progressive (PGR) Receives a Buy from Roth MKM
Roth MKM analyst Harry Fong maintained a Buy rating on Progressive (PGR – Research Report) today and set a price target of $315.00. The company's shares closed yesterday at $277.12.
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Fong covers the Financial sector, focusing on stocks such as Progressive, Allstate, and Assured Guaranty. According to TipRanks, Fong has an average return of 14.5% and a 74.89% success rate on recommended stocks.
In addition to Roth MKM, Progressive also received a Buy from Wells Fargo's Elyse Greenspan in a report issued yesterday. However, on May 21, KBW maintained a Hold rating on Progressive (NYSE: PGR).
Based on Progressive's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $20.4 billion and a net profit of $2.57 billion. In comparison, last year the company earned a revenue of $17.24 billion and had a net profit of $2.33 billion
Based on the recent corporate insider activity of 107 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PGR in relation to earlier this year. Most recently, in March 2025, Devin C Johnson, a Director at PGR sold 400.00 shares for a total of $110,016.00.
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