Morgan Stanley downgraded The Progressive Corporation (PGR) stock to “Equal Weight” with a price target of $290, down from $330. The firm cited industry competition and valuation pressure as reasons for the downgrade, signaling the end of unincumbered growth and margin expansion.

Fitch Ratings praises The Progressive Corporation (PGR) for its favorable business profile and market share growth. The company is recognized as one of the most consistently profitable underwriters in the property/casualty insurance industry with a history of favorable margins and stability.

Madison Investments released a Q1 2025 investor letter highlighting The Progressive Corporation’s (PGR) industry-leading policy growth and strong underwriting margins. The company saw 22% revenue growth in December 2024, marking a solid year with net premium revenue growth of 21% and a combined ratio of 88.8%.

Despite potential investment opportunities in PGR, some believe other AI stocks offer greater upside potential with less downside risk. Investors are encouraged to explore undervalued AI stocks that benefit from Trump-era tariffs and the onshoring trend for potential growth opportunities.

Read more at Yahoo Finance: Morgan Stanley Downgrades The Progressive Corporation (PGR) Stock to Equal Weight