Progressive stock is trading -13.46% below its average target price of $277.0 after marking a 1.5% during today's morning session. Analysts are giving the Large-Cap Property & Casualty Insurance company an average rating of buy and target prices ranging from $189.0 to $350.0 per share.
The stock has a very low short interest at 1.1%, and a short ratio of 2.25. The company's insiders own 0.26% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 87.9% of Progressive's shares being owned by this investor type.
Institutions Invested in Progressive
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2025-06-30 | Vanguard Group Inc | 9% | 54,516,288 | $13,068,644,625 |
| 2025-06-30 | Blackrock Inc. | 8% | 47,624,487 | $11,416,542,081 |
| 2025-06-30 | State Street Corporation | 4% | 25,730,388 | $6,168,088,642 |
| 2025-06-30 | Geode Capital Management, LLC | 3% | 15,513,188 | $3,718,821,446 |
| 2025-06-30 | JPMORGAN CHASE & CO | 3% | 15,370,355 | $3,684,581,519 |
| 2025-06-30 | FMR, LLC | 2% | 14,486,596 | $3,472,726,810 |
| 2025-06-30 | Bank of America Corporation | 2% | 13,250,932 | $3,176,513,435 |
| 2025-06-30 | Massachusetts Financial Services Co. | 2% | 12,905,421 | $3,093,687,537 |
| 2025-06-30 | Morgan Stanley | 2% | 11,339,845 | $2,718,387,657 |
| 2025-06-30 | Alliancebernstein L.P. | 2% | 10,972,574 | $2,630,345,452 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Progressive.
