Raymond James Reiterated a Buy Rating on The Progressive Corporation (PGR), Kept the PT Unchanged

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.

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.

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