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Stock impact report

BMO Trims The Progressive Corporation (PGR) Price Target as Pricing Outlook Softens [Yahoo! Finance]

Progressive Corporation (The) (PGR) 
Last progressive corporation (the) earnings: 4/15 08:35 am Check Earnings Report
US:NYSE Investor Relations: investors.progressive.com
Company Research Source: Yahoo! Finance
TheFly reported on March 11 that BMO Capital reduced its price target for PGR to $208 from $232 while keeping a Market Perform rating on the shares. The firm notes that limited pricing power is expected to be partially offset by low single-digit claims inflation. It also highlights anticipated efficiencies in the company's expense ratio due to AI adoption. Despite these positives, BMO expects consensus revenue forecasts to decline further as PGR's ability to raise auto insurance premiums continues to soften. The update reflects the firm's assessment of both operational improvements and ongoing pricing challenges in the auto insurance market. BMO Trims The Progressive Corporation (PGR) Price Target as Pricing Outlook Softens Separately, on March 9, the Board of Directors of The Progressive Corporation (NYSE:PGR) announced a quarterly dividend of $0.10 per common share, demonstrating the company's sound financial standing. The stockholders listed at the close of business on April Show less Read more
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