The Progressive Corporation (NYSE:PGR) is one of the 10 Best Non-Tech Stocks to Buy and Hold For 3 Years. On June 26, analyst Gregory Peters from Raymond James reiterated a Buy rating on The Progressive Corporation (NYSE:PGR) with a price target of $305.
The reiterated bullish sentiment comes after the company reported its May 2025 results on June 18. The Progressive Corporation (NYSE:PGR) grew its Net Premium Written by 11% year-over-year to reach $6.634 billion, whereas the Net Premium Earned grew 15% during the same time to reach $6.715 billion. Notably, the net income surged around 353% year-over-year to reach $1.065 billion against $235 a year ago.
A team of accountants in a boardroom, discussing strategic moves of an insurance company.
Management noted that the Net Premium Written growth rate for May is lower by 2% to 3% as the report for May was released in June. Looking ahead, the company expects the June premium growth rates to be higher by around the same margins.
The Progressive Corporation (NYSE:PGR) is a major insurance holding company based in the United States. The company operates through a range of insurance and non-insurance subsidiaries and affiliates.
While we acknowledge the potential of PGR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at
Insider Monkey.