October 23, 2025 a 05:00 pm
PGR: Analysts Ratings - The Progressive Corporation
The Progressive Corporation, a prominent player in the insurance sector, has shown a diverse business model covering personal and commercial auto insurance, residential and commercial property, and general liability insurance. Despite the breadth of its offerings, recent analyst ratings showcase a nuanced market sentiment with a marked increase in "Hold" recommendations. This suggests a shift towards a more cautious outlook among industry analysts.
Historical Stock Grades
In recent months, Progressive Corporation's analysts ratings have shown a marked shift. The most recent data from October 2025 displays a notable increase in "Hold" recommendations, indicating a cautious stance by analysts. The existing ratings are as follows:
| Recommendation | Count | Score |
|---|---|---|
| Strong Buy | 3 | |
| Buy | 6 | |
| Hold | 13 | |
| Sell | 1 | |
| Strong Sell | 1 |
Sentiment Development
The sentiment on Progressive Corporation has evolved considerably over the past year. While "Strong Buy" recommendations have dropped, "Hold" ratings have increased, indicating growing caution. Key observations include:
- Strong Buy recommendations have decreased from early 2024 to late 2025.
- "Hold" ratings have consistently grown, suggesting analysts' cautious approach.
- The overall ratings count has shown slight fluctuations but remained relatively stable recently.
Percentage Trends
The percentage distribution of analyst ratings for Progressive Corporation has undergone notable changes:
- Strong Buy ratings were approximately 23% in early 2024, now down to 10% in 2025.
- Hold ratings increased from around 28% to nearly 43% over the same period.
- This reflects a significant cautious sentiment prevailing among analysts.
Over the last 12 months, the most notable shift is the decrease in Buy and Strong Buy categories, aligning with stronger Hold positions.
Latest Analyst Recommendations
Recent analyst activity for Progressive Corporation offers insights into evolving sentiment. The latest recommendations include several downgrades and maintained positions:
| Date | New Recommendation | Last Recommendation | Publisher |
|---|---|---|---|
| 2025-10-20 | Underweight | Equal Weight | Morgan Stanley |
| 2025-10-20 | Equal Weight | Equal Weight | Barclays |
| 2025-10-17 | Outperform | Outperform | Raymond James |
| 2025-10-16 | Market Perform | Market Perform | BMO Capital |
| 2025-10-16 | Market Perform | Market Perform | Keefe, Bruyette & Woods |
Analyst Recommendations with Change of Opinion
Notably, several analysts have adjusted their views on Progressive Corporation, indicating increased caution in the outlook:
| Date | New Recommendation | Last Recommendation | Publisher |
|---|---|---|---|
| 2025-10-20 | Underweight | Equal Weight | Morgan Stanley |
| 2025-09-18 | Equal Weight | Overweight | Wells Fargo |
| 2025-09-17 | Market Perform | Outperform | BMO Capital |
| 2025-07-17 | In Line | Outperform | Evercore ISI Group |
| 2025-07-07 | Equal Weight | Overweight | Morgan Stanley |
Interpretation
The growing number of Hold ratings and the recent downgrades suggest a shift in market sentiment for Progressive Corporation, indicating either concerns over growth prospects or sector-specific challenges. Analysts appear to be exercising caution, reflecting either a lack of near-term growth catalysts or potential risks. The stability of ratings over recent months may hint at a cautious yet stable outlook among analysts.
Conclusion
In conclusion, Progressive Corporation's current analyst ratings express a mix of caution and stability. While there has been a decline in Strong Buy and Buy ratings, the surge in Hold ratings reflects a more conservative stance. Analysts seem to anticipate potential challenges but maintain that the company’s diversified business mitigates extreme risk. This balanced view suggests the company remains a stable, though perhaps less bullish, prospect for investors.