5 Most Undervalued Long Term Stocks to Buy Right Now

2. The Progressive Corporation (NYSE:PGR)

Forward P/E: ~12.5x

3-Year Diluted EPS Growth: ~140.6%

Number of Hedge Fund Holders: 82

The Progressive Corporation (NYSE:PGR) is one of the Most Undervalued Long Term Stocks to Buy Right Now. On June 2, BofA analyst Joshua Shanker lifted the firm’s price objective on the company’s stock to $331 from $320 and maintained a “Buy” rating on the shares. The analyst added that the firm sees The Progressive Corporation (NYSE:PGR) to be uniquely positioned as the chief beneficiary in the broader emerging AI economy.

Notably, the company saw total revenue of $22,188 million in Q1 2026, reflecting an increase from $20,409 million in Q1 2025, amidst higher net premiums earned and investment income. Furthermore, The Progressive Corporation (NYSE:PGR)’s net income amounted to $2,818 million, an increase from $2,567 million in Q1 2025.

The fair value of the company’s investment portfolio came at $94.1 billion as at March 31, 2026 as compared to $97.4 billion at December 31, 2025. The decline from year-end 2025 demonstrated the $7.9 billion payment of its annual variable common share dividend. However, this was partially mitigated by the favourable cash flows from insurance operations as well as proceeds from $1.5 billion senior note issuances in March 2026.

The Progressive Corporation (NYSE:PGR) operates as an insurance company.

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