These Analysts Increase Their Forecasts On Progressive Following Q1 Earnings

Benzinga04-16

Progressive Corp (NYSE:PGR) posted strong first‑quarter earnings on Wednesday.

Progressive reported first-quarter earnings of $4.96 per share, topping analyst expectations of $4.87. Profit rose 6.4% from the same quarter last year, and net income for the quarter climbed to $2.82 billion, up 10% year‑over‑year.

The company also delivered solid top‑line growth. Quarterly sales rose 8% to $20.97 billion, though it didn't meet the $22.96 estimate. Net premiums written increased 22% year-over-year to $23.64 billion.

Progressive shares rose 1.5% to trade at $204.59 on Thursday.

These analysts made changes to their price targets on Progressive following earnings announcement.

Wells Fargo analyst Elyse Greenspan maintained Progressive with an Equal-Weight rating and raised the price target from $215 to $218.
BMO Capital analyst Michael Zaremski maintained the stock with a Market Perform and raised the price target from $208 to $221.
B of A Securities analyst Joshua Shanker maintained Progressive with a Buy and raised the price target from $298 to $312.

Considering buying PGR stock? Here’s what analysts think:

Photo via Shutterstock

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Net premiums written increased 22% year-over-year to $23.64 billion.</p>\n<p>Progressive shares rose 1.5% to trade at $204.59 on Thursday.</p>\n<p>These analysts made changes to their price targets on Progressive following earnings announcement.</p>\n<ul>\n<li><a href=\"https://laohu8.com/S/EOD\">Wells Fargo</a> analyst Elyse Greenspan maintained Progressive with an Equal-Weight rating and raised the price target from $215 to $218.</li>\n<li>BMO Capital analyst Michael Zaremski maintained the stock with a Market Perform and raised the price target from $208 to $221.</li>\n<li>B of A Securities analyst Joshua Shanker maintained Progressive with a Buy and raised the price target from $298 to $312.</li>\n</ul>\n<p><strong>Considering buying PGR stock? 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Profit rose 6.4% from the same quarter last year, and net income for the quarter climbed to $2.82 billion, up 10% year‑over‑year.</p>\n<p>The company also delivered solid top‑line growth. Quarterly sales rose 8% to $20.97 billion, though it didn't meet the $22.96 estimate. 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Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"445\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/04/16101649/image-331-1024x445.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/04/16101649/image-331-1024x445.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/04/16101649/image-331-300x130.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/04/16101649/image-331-768x333.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/04/16101649/image-331.png 1237w\" width=\"1024\"/></figure>\n<p>Photo via Shutterstock</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PGR","symbol_name":"美国前进保险公司","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/04/51859687/these-analysts-increase-their-forecasts-on-progressive-following-q1-earnings","article_id":"2627192602","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2627192602","pubTimestamp":1776349082,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"PGR (NYSE) reports strong Q1 earnings of $4.96 per share, up 6.4% from last year. Sales rose 8% to $20.97B. Analysts raise price targets on stock.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PGR":"美国前进保险公司"},"translate_title":"这些分析师在第一季度盈利后上调了对Progressive的预测","themeId":"11c8fbbf839f433c9d274cef5f173382","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PGR":1.5},"content_text":"Progressive Corp (NYSE:PGR) posted strong first‑quarter earnings on Wednesday.\nProgressive reported first-quarter earnings of $4.96 per share, topping analyst expectations of $4.87. Profit rose 6.4% from the same quarter last year, and net income for the quarter climbed to $2.82 billion, up 10% year‑over‑year.\nThe company also delivered solid top‑line growth. Quarterly sales rose 8% to $20.97 billion, though it didn't meet the $22.96 estimate. Net premiums written increased 22% year-over-year to $23.64 billion.\nProgressive shares rose 1.5% to trade at $204.59 on Thursday.\nThese analysts made changes to their price targets on Progressive following earnings announcement.\n\nWells Fargo analyst Elyse Greenspan maintained Progressive with an Equal-Weight rating and raised the price target from $215 to $218.\nBMO Capital analyst Michael Zaremski maintained the stock with a Market Perform and raised the price target from $208 to $221.\nB of A Securities analyst Joshua Shanker maintained Progressive with a Buy and raised the price target from $298 to $312.\n\nConsidering buying PGR stock? 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