Professional
Added to YB: 2024-12-27
Pitch date: 2024-12-26
PGR [bullish]
The Progressive Corporation
-0.83%
current return
Author Info
No bio for this author
Company Info
The Progressive Corporation operates as an insurance company in the United States. The company writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners and renters.
Market Cap
$130.9B
Pitch Price
$236.80
Price Target
305.00 (+30%)
Dividend
2.20%
EV/EBITDA
9.69
P/E
12.25
EV/Sales
1.62
Sector
Insurance
Category
growth
Raymond James Upgrades Progressive Corporation (PGR) to Outperform with $305 Target
PGR upgrade: Raymond James upgrades to Outperform, PT $305. Expects industry-leading PIF growth, better-than-target CRs, double-digit NPW & NII growth through 2026. #1 ROBE among large caps in 2025-26. NTM P/E 21% below S&P500 vs 5yr avg 6% discount. Core holding for large-cap growth.
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