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BofA Slashes PT on The Progressive Corporation (PGR) to $346 From $351
Yahoo Finance· 2025-11-26 19:49
Group 1 - The Progressive Corporation (NYSE:PGR) is considered one of the best large-cap stocks for long-term investment, with a recent price target adjustment from BofA to $346 from $351 while maintaining a Buy rating [1] - In October, Progressive added 273,000 net personal auto consumers, a significant increase compared to 150,000 in September, indicating a strong recovery after six months of declining growth [1] - The company reported $7.002 billion in net premiums written in October 2025, up from $6.578 billion in the same month last year, reflecting a positive trend in revenue growth [2] Group 2 - The net income for October 2025 rose to $846 million, a substantial increase of 107% compared to $408 million in October 2024, showcasing strong financial performance [2] - October 2025 marked the third-strongest monthly net policy growth of the year, countering the bearish sentiment that has affected the company since April [3] - Progressive operates as an insurance holding company, providing various insurance products through its Personal Lines, Commercial Lines, and Property segments [4]
Morgan Stanley Slashes PT on The Progressive Corporation (PGR) to $214 From $265
Yahoo Finance· 2025-10-23 02:35
Group 1 - The Progressive Corporation (NYSE:PGR) is considered one of the best long-term low volatility stocks to buy currently [1] - Morgan Stanley analyst Bob Huang downgraded the price target for PGR from $265 to $214 and changed the rating from Equal Weight to Underweight on October 20 [1] - The firm believes that the bull case for PGR is less visible when excluding Florida and that the company is entering a softer pricing cycle, which may compress valuation multiples further [2] Group 2 - The Progressive Corporation operates as an insurance holding company, providing residential property insurance, personal and commercial auto insurance, and other specialty property-casualty insurance [3] - The company has three main segments: Personal Lines, Commercial Lines, and Property [3] - Analysts predict earnings declines for PGR in 2026 and 2027 due to the cyclical nature of the business [2]