JPMorgan raised target for Progressive Corp stock from USD 241.00 to USD 250.00
Published on 10/09/2026 at 16:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- JPMorgan raised Progressive's price target from USD 241.00 to USD 250.00 on October 5, 2026 while keeping a neutral rating.
- Progressive's August 2026 net premiums written rose 6.00 percent to USD 7.61 billion, while net income fell 22.00 percent to USD 951.00 million.
- Progressive Corp stock was trading at EUR 195.60 at Lang & Schwarz on October 9, 2026, plus 0.26 percent versus the prior close.
- The next earnings report is scheduled for October 14, 2026, with a conference call listed for November 3, 2026.
Progressive Corp (ISIN US7433151039) was trading at EUR 195.60 at Lang & Schwarz on October 9, 2026 at 4:32 p.m. CEST, up 0.26 percent. JPMorgan had raised its price target from USD 241.00 to USD 250.00 on October 5, 2026 while maintaining a neutral rating, according to MarketBeat.
Three results shaped the stock
On July 15, 2026, Progressive reported second-quarter earnings per share of USD 5.67 against a USD 4.64 consensus, while revenue reached USD 23.61 billion, according to MarketBeat.
On September 18, 2026, the company reported August net premiums written of USD 7.605 billion, up 6.00 percent from August 2025, while net income fell 22.00 percent to USD 951.00 million, according to Progressive.
On October 5, 2026, JPMorgan raised its target from USD 241.00 to USD 250.00 and kept its neutral rating, according to MarketBeat.
What does the target raise change?
The target increased 3.73 percent from USD 241.00 to USD 250.00. That revision leaves JPMorgan's rating at neutral, while the August figures show the central tension for the insurer: premium growth continued, but monthly profit and the combined ratio weakened versus August 2025.
Two dates define the next test
Progressive is expected to report third-quarter 2026 results before the market opens on October 14, 2026. The related conference call is scheduled for November 3, 2026 at 9:30 a.m. ET, according to MarketBeat.
For the third quarter, analysts cited by MarketBeat expect earnings per share of USD 4.30 and revenue of USD 22.61 billion. The prior quarter's USD 5.67 earnings per share and USD 23.61 billion revenue provide the closest reported comparison.
EUR 195.60 in late trading
The Lang & Schwarz quote stood at EUR 195.60 in trading on October 9, 2026 at 4:32 p.m. CEST, versus the Lang & Schwarz prior close of EUR 195.10 on October 8, 2026. Progressive's market capitalization was USD 127.1 billion on October 9, 2026, and its primary listing is NYSE under ticker PGR.
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: NYSE
- Price Lang & Schwarz (as of October 9, 2026, 4:32 p.m. CEST): EUR 195.60
- Change versus prior close: plus 0.26 percent
- Prior close Lang & Schwarz (October 8, 2026): EUR 195.10
- Market capitalization: USD 127.1 billion (as of October 9, 2026)
- Sector / Industry: Financial Services / Insurance - Property & Casualty
- Index membership: S&P 500
- Next earnings date: October 14, 2026
Market context: Market report S&P 500.
