Citi Maintains a Buy Rating on Progressive Corporation (PGR)

The Progressive Corporation (NYSE:PGR) is one of the Best Financial Stocks to Buy Right Now. On August 28, Matthew Heimermann from Citi maintained a Buy rating on The Progressive Corporation (NYSE:PGR) with a price target of $312.

The analyst noted that he anticipates the company to perform better than expected in the next three months. This outperformance is likely to lead analysts to raise their earnings estimates for 2026. At the moment, analysts’ 12-month target price of $281 reflects a 14.52% upside from current levels.

Heimermann highlighted that this outperformance will be led by ongoing improvements in the profit margins. He elaborated that better margins usually mean higher profits, which can boost investor confidence and result in increased stock value. The analyst also noted that The Progressive Corporation (NYSE:PGR) has now stabilized its revenue growth, with revenue growing 12.15% during the fiscal second quarter of 2025. Management is now focused on improving its EPS, and this shift is expected to improve the market sentiment of the stock.

Heimermann’s analysis places the company’s future performance nearly 10% above the consensus forecast for 2026.

The Progressive Corporation (NYSE:PGR) is an insurance company offering coverage for personal and commercial vehicles.

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