BMO Capital Raises PT on The Progressive Corporation (PGR) to $260 From $247, Maintains a Market Perform Rating

The Progressive Corporation (NYSE:PGR) is one of the best low volatility large cap stocks to invest inBMO Capital analyst Michael Zaremski lifted the price target for The Progressive Corporation (NYSE:PGR) to $260 from $247 on November 21 while keeping a Market Perform rating on the shares.

Is Progressive Corporation (PGR) the Best Low Volatility Stock to Buy Now?

The rating update came after the company reported its October results, with the firm stating that while The Progressive Corporation (NYSE:PGR) only repurchased a token $24M in October, it expects the company to repurchase in the low billions through 2026 if its P/E multiple stays below 15-times.

BMO added that The Progressive Corporation (NYSE:PGR) has had consistently excellent margins, with double-digit auto inflationary pressures decelerating off all-time highs.

The Progressive Corporation (NYSE:PGR) reported its October earnings on November 19, with $7.002 billion in net premiums written in 2025 compared to $6.578 billion in the same month last year. Net income for the month also rose to $846 million in 2025 compared to $408 million in October 2024, reflecting a change of 107%.

The Progressive Corporation (NYSE:PGR) is an insurance holding company that provides residential property insurance, personal and commercial auto insurance, and other specialty property-casualty insurance and related services. The company operates through the Personal Lines, Commercial Lines, and Property segments.

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Disclosure: None. This article is originally published at Insider Monkey.