FY2025 EPS Estimates for Progressive Increased by Analyst

Key Points

• Roth Capital has raised its FY2025 earnings per share estimate for Progressive Corporation from $17.70 to $18.50, reflecting increased confidence in the company's financial performance.
• Progressive's recent quarterly earnings surpassed expectations with $4.88 EPS, beating consensus estimates of $4.43.
• Insider transactions showed significant selling, with notable sales by executives, leading to a reduction in their ownership stakes by over 17% and 18% respectively.

The Progressive Corporation (NYSE:PGR - Free Report) - Stock analysts at Roth Capital boosted their FY2025 earnings per share (EPS) estimates for Progressive in a research report issued to clients and investors on Thursday, September 18th. Roth Capital analyst H. Fong now forecasts that the insurance provider will earn $18.50 per share for the year, up from their prior forecast of $17.70. The consensus estimate for Progressive's current full-year earnings is $14.68 per share. Roth Capital also issued estimates for Progressive's Q2 2026 earnings at $3.93 EPS, Q3 2026 earnings at $4.11 EPS and FY2026 earnings at $16.00 EPS.

Progressive (NYSE:PGR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The insurance provider reported $4.88 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.45. Progressive had a return on equity of 35.37% and a net margin of 12.66%.The company had revenue of $20.08 billion for the quarter, compared to analysts' expectations of $20.39 billion. During the same period in the prior year, the firm earned $2.48 earnings per share. The firm's revenue for the quarter was up 12.1% on a year-over-year basis.

Several other brokerages also recently weighed in on PGR. Wells Fargo & Company restated an "equal weight" rating and set a $265.00 target price (down from $327.00) on shares of Progressive in a research note on Thursday, September 18th. Bank of America reduced their target price on Progressive from $347.00 to $343.00 and set a "buy" rating for the company in a report on Thursday, September 18th. Wolfe Research initiated coverage on Progressive in a research note on Monday, September 15th. They issued a "peer perform" rating for the company. UBS Group lowered their price objective on Progressive from $280.00 to $268.00 and set a "neutral" rating for the company in a research report on Monday, July 21st. Finally, Evercore ISI lowered Progressive from an "outperform" rating to an "in-line" rating and set a $275.00 price target for the company. in a research report on Thursday, July 17th. Six research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, Progressive presently has an average rating of "Hold" and a consensus target price of $279.31.

Progressive Stock Performance

Shares of NYSE PGR traded down $3.56 during trading on Friday, hitting $237.59. The company had a trading volume of 962,219 shares, compared to its average volume of 3,169,358. Progressive has a 12 month low of $228.54 and a 12 month high of $292.99. The stock has a 50 day simple moving average of $245.70 and a 200 day simple moving average of $262.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $139.28 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 1.36 and a beta of 0.32.

Institutional Investors Weigh In On Progressive

Hedge funds have recently bought and sold shares of the company. Highline Wealth Partners LLC raised its holdings in shares of Progressive by 114.0% during the first quarter. Highline Wealth Partners LLC now owns 92 shares of the insurance provider's stock worth $26,000 after acquiring an additional 49 shares during the period. TruNorth Capital Management LLC boosted its holdings in Progressive by 210.0% in the 1st quarter. TruNorth Capital Management LLC now owns 93 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 63 shares during the period. HWG Holdings LP bought a new stake in shares of Progressive during the 1st quarter worth approximately $28,000. Garde Capital Inc. acquired a new position in Progressive during the first quarter valued at approximately $33,000. Finally, Atlantic Union Bankshares Corp acquired a new position in Progressive during the 2nd quarter worth approximately $33,000. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Progressive

In other news, insider John Jo Murphy sold 2,218 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $242.10, for a total transaction of $536,977.80. Following the transaction, the insider owned 43,506 shares of the company's stock, valued at approximately $10,532,802.60. This trade represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Patrick K. Callahan sold 6,420 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $242.22, for a total transaction of $1,555,052.40. Following the transaction, the insider owned 15,192 shares in the company, valued at $3,679,806.24. This represents a 29.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,045 shares of company stock worth $34,635,290 in the last quarter. 0.33% of the stock is owned by corporate insiders.

Progressive Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, October 2nd. Progressive's dividend payout ratio is presently 2.25%.

About Progressive

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.