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 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.
A team of accountants in a boardroom, discussing strategic moves of an insurance company.
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 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.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.
