Progressive Corp stock: Wells Fargo cuts target for Progressive Corp stock to USD 196.00
Published on 10/16/2026 at 17:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and dates
- Wells Fargo lowered its Progressive target to USD 196.00 on October 15, 2026.
- Progressive is scheduled to report October results on November 18, 2026.
- Progressive Corp stock costs EUR 192.38 at Lang & Schwarz on October 16, 2026 at 4:43 p.m. CEST, 1.37 percent below the Frankfurt close of October 15, 2026.
- Progressive has a market capitalization of USD 126.0 billion and a P/E ratio of 10.91.
Wells Fargo lowered its price target for Progressive Corp from USD 201.00 to USD 196.00 on October 15, 2026, while keeping an Underweight rating, according to Investing.com. The target is 10.63 percent below the NYSE price of USD 216.84, which was last quoted on October 16, 2026 at 10:59 a.m. ET. Progressive Corp stock was trading at EUR 192.38 at Lang & Schwarz on October 16, 2026 at 4:43 p.m. CEST, 1.37 percent below the Frankfurt close of October 15, 2026 at EUR 195.05.
Reporting dates add a second signal
Progressive is scheduled to report October 2026 results on November 18, 2026, according to Simply Wall St. The same calendar lists a November 3, 2026 release date for third-quarter results. Monthly operating figures give investors a nearer-term read on premium growth and claims trends before the next full quarterly update.
Stock sits below its yearly high
The NYSE price of USD 216.84 stood between Progressive's 52-week low of USD 189.20 and high of USD 239.38 on October 16, 2026. It was 9.42 percent below the high and 14.61 percent above the low. The session volume was 632,163 shares against an average of 2,636,504 shares, while the day ranged from USD 213.76 to USD 217.94.
Valuation and reporting dates
Progressive had a market capitalization of USD 126.0 billion and a P/E ratio of 10.91 as of October 16, 2026. The insurer operates across personal, commercial and property coverage in the United States. Its latest calendar points first to the November 3, 2026 quarterly release and then to October results on November 18, 2026.
Comparison with peers
Progressive Corp: minus 1.37 percent, P/E 10.91, market capitalization USD 126.0 billion.
Chubb (NYSE, USD): plus 0.67 percent, P/E 12.50, market capitalization USD 137.0 billion.
Travelers Companies (NYSE, USD): plus 0.88 percent, P/E 10.13, market capitalization USD 80.8 billion.
Price levels frame the report
Progressive's euro quote was below its Frankfurt reference close in late afternoon trading, while the US listing remained 9.42 percent below its 52-week high. The distance to the analyst target is also material: USD 216.84 on the NYSE stood 10.63 percent above Wells Fargo's USD 196.00 target dated October 15, 2026.
The further course of trading is shown by the continuously updated real-time quote of Progressive Corp stock.
Progressive Corp at a glance
- Company: The Progressive Corporation
- ISIN: US7433151039
- Ticker: PGR
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 16, 2026, 4:43 p.m. CEST): EUR 192.38
- Change versus Frankfurt close: minus 1.37 percent
- Frankfurt close (October 15, 2026): EUR 195.05
- Market capitalization: USD 126.0 billion (as of October 16, 2026)
- 52-week range: USD 189.20-239.38 (as of October 16, 2026)
- Sector / Industry: Financial Services / Property and Casualty Insurance
Market context: Market report S&P 500.
