Progressive Corporation Trading Volume Drops 44.15% to 135th Position

On June 17, 2025, The Progressive Corporation (PGR) saw a significant decline in trading volume, with a total of $524 million in shares traded, marking a 44.15% decrease from the previous day. This placed PGR at the 135th position in terms of trading volume for the day. The stock has been on a downward trend, falling 0.28% over the past three days, accumulating a total decrease of 1.02%.

Bank of America recently increased its price target for The Progressive Corporation from $326 to $333, while maintaining a Buy rating. This adjustment reflects the bank's positive outlook on the company's future performance.

The Progressive Corporation's property insurance segment has been a key driver of its growth, leveraging strategies such as bundling, technology integration, and cross-selling. The company's momentum in this area has been notable, but the sustainability of this growth in the face of competition remains a question.

Analysts have revised their earnings per share (EPS) estimates for The Progressive Corporation. The Zacks Consensus Estimate for the second and third quarters of 2025 has increased by 11.6% and 1.4%, respectively, over the past 30 days. This upward revision indicates a growing optimism among analysts regarding the company's financial performance.

Barclays has also adjusted its target price for The Progressive Corporation, raising it from $285 to $297 and maintaining an Equal Weight rating. This move suggests that while Barclays sees potential in the stock, it does not expect it to outperform the broader market.

Wall Street's median 12-month price target for The Progressive Corporation is $298, which is above its last closing price. This target reflects the overall positive sentiment among analysts regarding the company's future prospects.