The Progressive Corporation (NYSE:PGR) is one of the best low volatility large cap stocks to invest in. BMO 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.
The rating update came after the company reported its October results, with the firm stating that while The Progressive Corporation 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 has had consistently excellent margins, with double-digit auto inflationary pressures decelerating off all-time highs.
The Progressive Corporation 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 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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This article is originally published at Insider Monkey.
