BofA Lowers its Price Target on The Progressive Corporation (PGR) to $315 from $329 and Maintains a Buy Rating

The Progressive Corporation (NYSE:PGR) is among the 11 High Growth Financial Stocks to Buy Now.

On February 19, 2026, BofA lowered its price target on The Progressive Corporation (NYSE:PGR) to $315 from $329 and maintained a Buy rating. BofA said Progressive reported net investment income of $311M versus its $332M forecast, calling it “a mere” 3c per share EPS headwind, though the shortfall lowers the firm’s core EPS forecast when annualized.

Also on February 19, 2026, Evercore ISI reduced its price target on The Progressive Corporation (NYSE:PGR) to $230 from $237 and kept an In Line rating. Roth Capital lowered its price target on The Progressive Corporation (NYSE:PGR) to $235 from $260 and reiterated a Buy rating, noting that total personal auto policies-in-force increased 12.1% year over year, slightly below December’s 12.6%, while sequential growth edged up to 0.9% from 0.8%.

On January 28, 2026, The Progressive Corporation (NYSE:PGR) reported Q4 EPS of $5.02 compared with consensus $4.43. Net premiums written of $19.5B compared to $18.1B last year, and net premiums earned of $21.1B versus $19.1B last year.

The Progressive Corporation (NYSE:PGR) is a U.S. insurance company providing personal auto and special lines products, as well as personal residential property insurance for homeowners and renters.

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