These Analysts Increase Their Forecasts On Progressive Following Q1 Earnings

by | Apr 16, 2026 | General

Progressive Corp (NYSE:PGR) posted strong first‑quarter earnings on Wednesday.

Progressive reported first-quarter earnings of $4.96 per share, topping analyst expectations of $4.87. Profit rose 6.4% from the same quarter last year, and net income for the quarter climbed to $2.82 billion, up 10% year‑over‑year.

The company also delivered solid top‑line growth. Quarterly sales rose 8% to $20.97 billion, though it didn’t meet the $22.96 estimate. Net premiums written increased 22% year-over-year to $23.64 billion.

Progressive shares rose 1.5% to trade at $204.59 on Thursday.

These analysts made changes to their price targets on Progressive following earnings announcement.

  • Wells Fargo analyst Elyse Greenspan maintained Progressive with an Equal-Weight rating and raised the price target from $215 to $218.
  • BMO Capital analyst Michael Zaremski maintained the stock with a Market Perform and raised the price target from $208 to $221.
  • B of A Securities analyst Joshua Shanker maintained Progressive with a Buy and raised the price target from $298 to $312.

Considering buying PGR stock? Here’s what analysts think:

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