JPMorgan raises target for Progressive Corp stock to USD 250.00
Published on 10/08/2026 at 16:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- JPMorgan raised its Progressive target from USD 241.00 to USD 250.00 on October 5, 2026.
- August net income fell 22.00 percent to USD 951.00 million while net premiums written rose 6.00 percent.
- Progressive Corp stock was trading at EUR 192.35 at Lang & Schwarz on October 8, 2026.
- September results are scheduled for October 14, 2026, while a USD 0.10 dividend is due October 9, 2026.
Progressive Corp (ISIN US7433151039) was trading at EUR 192.35 at Lang & Schwarz on October 8, 2026 at 4:37 p.m. CEST, up 0.58 percent versus the prior close of EUR 191.25. According to MarketBeat on October 5, 2026, JPMorgan raised its Progressive target from USD 241.00 to USD 250.00 while keeping a neutral rating.
August profit fell 22.00 percent
Progressive reported on September 18, 2026 that August net premiums written rose 6.00 percent year over year to USD 7.605 billion, while net premiums earned increased 5.00 percent to USD 7.354 billion. Net income fell 22.00 percent to USD 951.00 million, and earnings per share available to common shareholders declined 21.00 percent to USD 1.63.
The contrast matters: customer and premium growth continued, but underwriting profitability weakened. Progressive's August combined ratio rose to 89.30 from 83.10 a year earlier, a 6.20-point deterioration.
What changed in underwriting?
The same August release showed policies in force increasing 7.00 percent year over year to 40.492 million. Personal Lines reached 39.247 million policies, while Commercial Lines reached 1.245 million.
Progressive also reported catastrophe losses related to severe weather during the month. That factor helps explain why premium expansion did not translate into higher net income, although the company reported a year-to-date combined ratio of 87.20 through August.
Chronology of key figures
On July 15, 2026, Progressive reported second-quarter revenue of USD 23.61 billion and earnings per share of USD 5.67, according to MarketBeat. On September 18, 2026, the company reported August net income of USD 951.00 million in its monthly release. On October 5, 2026, JPMorgan lifted its target to USD 250.00 while retaining a neutral rating, as MarketBeat reported.
Two dates shape the next update
Progressive's quarterly dividend of USD 0.10 per share is scheduled for payment on October 9, 2026, according to MarketBeat. The company plans to release September results before the market opens on October 14, 2026, according to its August release.
Stock remains below its yearly high
The NYSE quote was last at USD 216.29 on October 8, 2026 at 10:46 a.m. ET, while the 52-week range was USD 189.20 to USD 245.64. The Lang & Schwarz price therefore gives German investors a separate euro reference, with the insurer's next operating update centered on September underwriting results.
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 8, 2026, 4:37 p.m. CEST): EUR 192.35
- Change versus prior close: plus 0.58 percent
- Prior close Lang & Schwarz (October 7, 2026): EUR 191.25
- Market capitalization: USD 125.8 billion (as of October 8, 2026)
- 52-week range: USD 189.20-245.64 (as of October 8, 2026)
- Sector / Industry: Financial Services / Insurance - Property and Casualty
Market context: Market report S&P 500.
