JPMorgan Boosts Progressive Price Target to 250
JPMorgan Chase & Co. has raised its price target for Progressive Corporation (ISIN US7433151039) from USD 241.00 to USD 250.00, marking a 3.73% increase. Despite this upward adjustment, the firm retained a neutral rating on the stock. As of October 5, 2026, MarketBeat reported an average analyst rating of Hold, based on seven Buy ratings, thirteen Hold ratings, and two Sell ratings, with an average target price of USD 235.37.
Progressive's recent financial performance has been a key factor in analyst considerations. For the second quarter of 2026, the company reported USD 23.61 billion in revenue and USD 5.67 in earnings per share, surpassing consensus estimates of USD 19.49 billion and USD 4.64, respectively. Revenue grew 5.00% year over year, while earnings per share exceeded expectations by USD 1.03.
The company's August 2026 results showed net premiums written of USD 7.605 billion, up 6.00% from the previous year, and net premiums earned rose 5.00% to USD 7.354 billion. However, net income fell 22.00% to USD 951 million, and the combined ratio increased to 89.3 from 83.1. Policy growth remained positive, with total policies in force reaching 40.492 million, up 7.00% from the previous year.
Progressive declared a quarterly dividend of USD 0.10 per share, payable October 9, 2026, to shareholders of record on October 1, 2026. The next earnings release is scheduled for October 14, 2026. As of October 6, 2026, Progressive's stock was trading at EUR 189.75 on Lang & Schwarz, up 0.17% from the prior close.