BMO Capital Maintains a Hold Rating on The Progressive Corporation (PGR)

1 week ago 5

Talha Qureshi

Sun, May 10, 2026 astatine 10:52 AM CDT 2 min read

The Progressive Corporation (NYSE:PGR) is 1 of the Most Undervalued High Quality Stocks to Buy Now. On May 5, Michael Zaremski from BMO Capital reiterated a Hold standing connected the shares and raised the terms people from $199.31 to $221. On the aforesaid day, Evercore ISI reiterated a Hold standing connected shares with a terms people of $230.

One period ago, connected April 15, the institution released its fiscal Q1 2026 earnings. During the quarter, the institution posted $23.64 cardinal successful revenue, up 6.46% year-over-year and up of expectations by $437.20 million. While the GAAP EPS of $4.80 missed the statement by $0.05, the normalized EPS topped estimates by $0.08.

According to The Progressive Corporation (NYSE:PGR)’s March 2026 fiscal results, the nett premiums written for the 4th came successful astatine $23.641 billion, reflecting 6% year-over-year increase. Moreover, the nett premium written for the period grew 10% compared to the aforesaid period past year. Net income besides grew 10% for the 4th and 36% for the period year-over-year.

Analysts astatine BMO Capital noted that they expect productivity benefits to materialize implicit the adjacent 2 years. The steadfast expects these gains to forestall the company’s combined ratio from deteriorating to the grade it has successful erstwhile soft-cycles.

The Progressive Corporation (NYSE:PGR) is an security holding institution that provides residential spot insurance, idiosyncratic and commercialized car insurance, and different specialty property-casualty security and related services.

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