UBS Cuts Target on Progressive (PGR), Maintains Neutral Rating

The Progressive Corporation (NYSE:PGR) is one of the 13 High-Quality S&P 500 Financial Stocks According to Hedge Funds.

The Progressive Corporation (NYSE:PGR) saw mixed analyst sentiments on February 23, 2026. UBS analyst Brian Meredith lowered the price target on The Progressive Corporation (NYSE:PGR) from $226 to $218, while maintaining a Neutral rating on the shares. On the other hand, Morgan Stanley analyst Bob Huang reiterated a Sell rating on the stock with a price target of $205 on the same day.

Previously, on February 19, 2026, Roth Capital lowered the price target on the stock from $260 to $235 and kept a Buy rating on the shares. In a research note, the analyst observed that year-over-year growth in personal auto policies-in-force reached 12.1%, down from December’s 12.6%. Additionally, the sequential growth rate rose modestly from 0.8% in December to 0.9%.

CNN noted 41% of 27 analyst ratings support a Buy on the stock as of February 24, 2026, with a 1-year average upside of 14.63%.

Founded in 1937, The Progressive Corporation (NYSE:PGR) is a leading American insurance holding company and the second-largest personal auto insurer in the U.S., with headquarters located in Ohio.

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