Reported about 11 hours ago
Keefe, Bruyette & Woods has maintained a Market Perform rating for The Progressive Corporation (NYSE:PGR) while raising its earnings per share estimates for 2025 and 2026, following an improved outlook post the company's May earnings report. The new price target is set at $288, driven by reduced expense ratios and faster growth in investment income, though concerns about near-term pressures on core loss ratios remain.
Source: YAHOO