Morgan Stanley downgraded Progressive Corp (PGR) to Underweight from Equal-Weight on October 19, 2025. The stock is currently priced at $219.91.
This downgrade indicates increased caution regarding Progressive's outlook, possibly reflecting concerns about competitive pressures and market conditions that could affect the company's performance.
Progressive Corp, an insurance holding company based in Mayfield, Ohio, provides personal and commercial auto insurance, residential property insurance, and specialty property-casualty insurance. The company employs 66,300 full-time staff and operates through segments including Personal Lines and Commercial Lines.
The company's market capitalization stands at $126.6 billion, with a P/E ratio of 11.82 and an EPS of 18.22. The dividend yield is currently at 19.1%. Upcoming earnings are scheduled for August 2, 2026, with an EPS estimate of $3.91 and revenue forecast of $22.8 billion.
Analyst consensus as of November 1, 2025, includes 5 Strong Buy, 9 Buy, 14 Hold, and 1 Sell ratings, with a consensus rating of Buy. Recent earnings performance showed a Q3 2025 EPS of $4.05, missing estimates by 20.4%.
Analyst ratings can evolve over time as new information emerges, and differing opinions may exist among analysts regarding the same company.