--- title: "Weekly Recap | Progressive -0.61%, consensus target above spot" type: "News" locale: "en" url: "https://longbridge.com/en/news/298793986.md" description: "Progressive (PGR) fell 0.61% this week to close at $217.62, while the S&P 500 dropped 0.8%, leaving the stock about 0.19 percentage points ahead of the benchmark. The four trading days shaped a tight, choppy range. Tuesday opened weak and closed at $214.900, Wednesday touched the week’s low of $212.63 before settling at $215.500, Thursday rallied to $219.000 but gave back the gains to end at $216.190, and Friday tested the $218 area again before finishing at $217.620." datetime: "2026-09-12T06:35:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298793986.md) - [en](https://longbridge.com/en/news/298793986.md) - [zh-HK](https://longbridge.com/zh-HK/news/298793986.md) generator: "portal-rs" --- # Weekly Recap | Progressive -0.61%, consensus target above spot ## The Week Progressive (PGR) fell 0.61% this week to close at $217.62, while the S&P 500 dropped 0.8%, leaving the stock about 0.19 percentage points ahead of the benchmark. The four trading days shaped a tight, choppy range. Tuesday opened weak and closed at $214.900, Wednesday touched the week’s low of $212.63 before settling at $215.500, Thursday rallied to $219.000 but gave back the gains to end at $216.190, and Friday tested the $218 area again before finishing at $217.620. Weekly amplitude was 2.94%, with volume roughly 35% below the median daily level, pointing to a quiet tape. ## Key Events This week’s news flow centred on Q2 divergence across niche US equities and shifting Q3 corporate guidance. Tuesday brought a leadership change at Danaher alongside a Fiserv guidance cut, highlighting how companies are navigating a mixed third-quarter backdrop. A separate piece noted that niche US equities diverged in Q2 2026, with healthcare and selected consumer names actually raising full-year forecasts. On Wednesday, a market update noted Progressive Corp. stock underperformed its peers on Tuesday. For Progressive itself, no company-specific product, earnings or regulatory event emerged this week; the share price largely tracked sector sentiment and rotation pressure. ## Analyst Ratings Among the 25 institutions covering the stock, 4 rate it buy and 4 rate it over, while 15 sit at hold, 1 at under and 1 at sell. The consensus recommendation is hold, with a consensus target of $232, roughly 6.6% above the latest close of $217.62. The target range is wide, from $198 to $309, reflecting meaningful disagreement about the upside. Within the property and casualty insurance industry, Progressive ranks 4th out of 63 institutions, placing it toward the upper part of the group. ## The Week Ahead The macro calendar is concentrated on 15–16 September. Tuesday brings the New York Fed manufacturing index, with a prior 20.6 and a forecast of 14.75. Wednesday delivers retail sales and retail sales ex-autos, the latter forecast at 0.6% after a prior -0.3%, along with import prices, retail control, the NAHB housing market index and EIA crude inventory data. For an insurer, retail sales offer a read on consumer resilience, while the NAHB index ties loosely to homeowners insurance demand; sector reaction around these prints will be worth watching. ## In Short Progressive pulled back slightly this week but remains near its recent high zone. Valuation sits near 10.8x P/E, 3.68x P/B and a yield of about 6.39%. Institutional ratings lean neutral, with a consensus target above spot but a wide spread between high and low targets. On the latest trading day, large, medium and small-lot flows all pointed to net buying direction. The mix of choppy price action and a modest consensus upside leaves the stock looking for direction; next week’s consumer and housing data are the main signposts, together with how the shares hold between $212.63 and $219. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [PGR.US](https://longbridge.com/en/quote/PGR.US.md) ## Related News & Research - [$100 Invested In Progressive 20 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/298959636.md) - [Progressive (PGR) Rebounds On A 3% Undervalued View, Is More Upside Left?](https://longbridge.com/en/news/298013036.md) - [America's supply of homes for sale is at a 10-year high. Buyers aren't biting.](https://longbridge.com/en/news/298632551.md) - [Why Am I Punished With a Higher Tax Bill for Improving My Own Home? I Already Paid Taxes on the Materials and Labor](https://longbridge.com/en/news/298811774.md) - [In HelloNation, Real Estate Expert Lisa Olien Outlines Home Offer Contingencies and Closing Timelines for Woodbury Buyers](https://longbridge.com/en/news/298935114.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**