Progressive (PGR)

• Market cap: $166B
• 1 day: 1.49%
• 5 days: 2.90%
• 1 month: 0.36%
• 3 months: 18.11%
• 6 months: 11.53%
• Year to date: 17.60%
• 1 year: 34.80%
• 5 years: 283.27%
• 10 years: 940.48%
• Sector: Financials
• Industry: Fire, Marine & Casualty Insurance

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

111% more first-time investments, than exits

New positions opened: 234 | Existing positions closed: 111

14% more call options, than puts

Call options by funds: $574M | Put options by funds: $504M

13% more repeat investments, than reductions

Existing positions increased: 670 | Existing positions reduced: 595

5% more funds holding

Funds holding: 1,632 [Q3] → 1,719 (+87) [Q4]

0.2% more ownership

Funds ownership: 85.61% [Q3] → 85.81% (+0.2%) [Q4]

5% less capital invested

Capital invested by funds: $127B [Q3] → $120B (-$6.63B) [Q4]

10% less funds holding in top 10

Funds holding in top 10: 78 [Q3] → 70 (-8) [Q4]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $256 10% downside
• Avg. target: $296 4% upside
• High target: $317 12% upside

8 analyst ratings

• positive: 6 75%
• neutral: 2 25%
• negative: 0 0%

Keefe, Bruyette & Woods Meyer Shields 82% 1-year accuracy 91 / 111 met price target	6% upside $300	Outperform Maintained	20 Mar 2025
B of A Securities Joshua Shanker 53% 1-year accuracy 29 / 55 met price target	6% upside $300	Buy Maintained	20 Mar 2025
UBS Brian Meredith 93% 1-year accuracy 26 / 28 met price target	1% upside $285	Neutral Maintained	14 Mar 2025
Barclays Alex Scott 59% 1-year accuracy 47 / 79 met price target	1% upside $285	Equal-Weight Maintained	13 Mar 2025
Roth MKM Harry Fong 81% 1-year accuracy 17 / 21 met price target	11% upside $315	Buy Maintained	25 Feb 2025