Goldman Sachs reiterates Progressive stock rating on buyback outlook
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Goldman Sachs
American investment bank
The Goldman Sachs Group, Inc. ( SAKS) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers.
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Gold prices rise as Trump tariff turmoil boosts safe haven demand Dow slides 700 points on Trump tariff turmoil, Nasdaq falls on AI research report Dystopian AI report sinks payment and software stocks These 2 chip stocks are new Top Picks at Citi (South Africa Philippines Nigeria) Goldman Sachs reiterates Progressive stock rating on buyback outlook By Investing.com Analyst Ratings Published 02/23/2026, 02:24 PM Goldman Sachs reiterates Progressive stock rating on buyback outlook 0 PGR -0.40% Investing.com - Goldman Sachs reiterated a Buy rating and $225.00 price target on Progressive Corp. (NYSE:PGR) following the company’s January 2026 results. The stock currently trades at $202.85, near its 52-week low of $197.92, and according to InvestingPro analysis, appears undervalued relative to its Fair Value. The firm’s average earnings per share estimate for 2026-2028 remains stable. A modestly weaker outlook on growth is offset by a modestly stronger view on expected buybacks. January Personal Auto net premiums written growth came in approximately 3 percentage points weaker than expected. Goldman Sachs lowered its 2026 Personal Auto net premiums written growth estimate by slightly over 1 percentage point, with a similar decrease to total company 2026 net premiums written growth. The firm now models a 3 percentage point decrease in net premiums earned per policy during 2026, compared to 2 percentage points previously. Goldman Sachs increased its aggregate 2026/2027 buyback estimate to $7 billion, or 3.5 times the Street estimate of $2 billion. Goldman Sachs views Progressive as one of the more attractive investment opportunities among property and casualty insurers. The firm sees upside to policies in force growth in 2026 at 8.1% versus 7.3% Street estimate. InvestingPro Tips reveal that 11 analysts have revised their earnings upwards for the upcoming period, while the company trades at an attractive P/E ratio of ...
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