Jefferies maintained a Hold on The Progressive Corporation (PGR) and lowered its price target to $216 on February 11, 2026, marking the latest PGR analyst rating update. This action left the formal rating unchanged while trimming upside, and it arrived with a small market move of -0.5% (-$1.04) in immediate reaction. Investors watching PGR analyst rating shifts should note Jefferies kept conviction neutral but reduced expected value. We review the change, its context, and what it means for shareholders and traders.
PGR analyst rating: Jefferies action and price target
On February 11, 2026 at 12:03 PM, Jefferies maintained Hold on The Progressive Corporation and cut its price target to $216. The published note flagged slower premium growth expectations while keeping underwriting and expense views steady. The update is documented by StreetInsider and is the sole rating change reported in this release source.
What the Hold and $216 price target mean for investors
A maintained Hold means Jefferies sees limited near-term upside versus current levels after the cut to $216. For investors, this suggests patience for now rather than adding aggressively on strength. The lower target narrows expected return and signals caution on earnings momentum or loss ratios.
Stock reaction and market context around this PGR analyst rating
The note coincided with a -0.5% (-$1.04) intraday move, reflecting modest investor interest in the update. Progressive’s market capitalization of $122,164,087,010 frames the PT change as an incremental reprice by a major brokerage. Broader insurance sector trends and recent premium pricing cycles will influence how market participants read this PGR analyst rating.
Historical analyst coverage and consensus on PGR analyst rating
Progressive has long attracted coverage from major brokerages, producing a mix of Buy and Hold opinions over time. Jefferies’ maintenance of a Hold fits within a neutral band of recent consensus views rather than a sudden shift. Investors should track multiple firm updates to see if others follow Jefferies on target cuts or shift ratings.
How investors should interpret changes in the PGR analyst rating
A single Hold with a lower price target is not a sell signal by itself, but it reduces the margin of safety for new buyers. Use the PGR analyst rating update to reassess position size, time horizon, and reliance on underwriting improvement. Active shareholders can monitor upcoming earnings and loss-ratio trends for confirmation.
Meyka AI grading and model context for PGR analyst rating
Meyka AI rates PGR with a grade of A. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The grade reflects our algorithmic view that Progressive retains structural strengths despite neutral analyst tone. For deeper model output and forecasts, see our internal PGR page Meyka stock page.
Final Thoughts
Jefferies’ February 11, 2026 note kept a Hold on The Progressive Corporation while trimming its target to $216, a measured PGR analyst rating update that signals moderated upside. The immediate share move of -0.5% (-$1.04) was small, and the market cap of $122,164,087,010 means the change is a targeted revaluation rather than a market shock. For investors, the practical implication is tactical caution: maintain exposure if you own PGR, but avoid adding large new positions solely on this note. Monitor upcoming quarterly results, loss-ratio trends, and whether other brokerages echo Jefferies’ reduced target. Remember, Meyka AI rates PGR with a grade of A, reflecting comparative strength across benchmarks and metrics. Ratings and targets evolve; use analyst notes together with company results and your risk profile before making decisions. Meyka AI provides real-time analyst tracking and model forecasts to help investors interpret updates like this PGR analyst rating.
FAQs
What exactly did Jefferies change in the PGR analyst rating on Feb 11, 2026?
Jefferies maintained a Hold on PGR and lowered its price target to $216 on February 11, 2026. The firm did not change the rating, but it trimmed expected upside, prompting a modest -0.5% (-$1.04) market reaction.
Does the Jefferies note mean investors should sell PGR now based on the PGR analyst rating?
No. A maintained Hold with a lower price target signals caution, not an immediate sell. Investors should reassess position size and wait for confirming data from earnings and underwriting trends before acting.
How important is the $216 PGR price target in this analyst rating update?
The $216 target narrows expected upside and adjusts valuation expectations. It matters as a reference for analyst-implied value, but investors should weigh company fundamentals and sector trends alongside the target.
Where can I read the original analyst note and additional market coverage for this PGR analyst rating?
The Jefferies update is summarized by StreetInsider source. For complementary coverage and analyst lists, see Benzinga’s ratings summaries [source](https://www.benzinga.com//
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Analyst ratings are opinions and not guarantees of future performance. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
