Progressive: Margin Fears Are Overdone (Upgrade)

2026-01-28 11:27:47 ET

Shares of The Progressive Corporation ( PGR ) have been a poor performer over the past year, losing about 16% of their value, and shares currently sit near a 52-week low. There has been significant concern that auto insurance profitability has peaked, and those fears were exacerbated when Progressive even had to announce a rebate to Florida customers after historic margins exceeded regulatory limits. I last covered Progressive in October , and I rated PGR a “ H old” given my view that valuation was not yet compelling enough to buy. Since then, the stock has lost 2%, adjusting for its special dividend, which I view as being consistent with the rating. Now, shares are at my $210 buy target, so with updated financials, now is a good time to revisit PGR....

Read the full article on Seeking Alpha

For further details see: