Raymond James reiterates USD 245 target for Progressive Corp stock

Published on 10/20/2026 at 11:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Progressive stock costs EUR 195.90 on October 20, 2026. September net income rose to USD 630 million, up 107 percent year over year.

Target and earnings context

Raymond James reiterated a USD 245.00 price target on October 16, 2026.
September net income rose 107 percent year over year to USD 630 million.
Progressive Corp stock traded at EUR 195.90 at 11:32 a.m. CEST at Lang & Schwarz on October 20, 2026.
Progressive plans to release October results on November 18, 2026.

Editorial-Foto von Börsenhändlern vor großen Bildschirmen mit Aktiencharts am Trading-Floor — Progressive Corp US7433151039 illustriert Börsen-Editorial mit Tradern und Charts am Trading-Floor der Börse, Illustration mit AI erstellt.

Progressive Corp stock (ISIN US7433151039) is tied to a USD 245.00 price target that Raymond James reiterated on October 16, 2026, according to Investing.com. The insurer's September results provide the operating backdrop for that view.

September results sharpen the debate

Progressive reported USD 630 million in net income for September 2026, up 107 percent from USD 305 million a year earlier. Net premiums earned increased 5 percent to USD 7.160 billion, while the combined ratio improved to 90.0 percent from 100.4 percent.

The quarterly picture was more mixed. For the quarter ended September 30, 2026, net income was USD 2.542 billion, down 3 percent from USD 2.615 billion, even as net premiums earned rose 5 percent to USD 21.869 billion. The filing also showed 40.489 million policies in force at September 30, 2026, an increase of 6 percent from a year earlier, according to StockTitan.

What does the target mean for valuation?

Raymond James kept an Outperform rating alongside its USD 245.00 target and said Progressive's earnings power and excess capital generation remained underappreciated. The same assessment cited intensifying competition and potentially higher underlying loss ratios as counterweights, according to Investing.com.

Three dates frame the stock

On October 14, 2026, Progressive reported September net income of USD 630 million. On October 16, 2026, Raymond James reiterated its USD 245.00 target. On October 20, 2026, Progressive stock traded at EUR 195.90 in the German market indication.

Next report is November 18

Progressive plans to release its October 2026 results on November 18, 2026, before the market opens, according to the September results filing. That date gives investors the next scheduled operating checkpoint after the September combined ratio of 90.0 percent.

Stock valuation and trading level

The Progressive Corporation had a market capitalization of USD 127.3 billion as of October 19, 2026. Its primary listing is on the New York Stock Exchange, where the quoted 52-week range was USD 189.20 to USD 239.38 on the same market-data snapshot.

Progressive stock was trading at EUR 195.90 at Lang & Schwarz on October 20, 2026 at 11:32 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Progressive Corp stock.