Q1 Earnings Estimate for Progressive Issued By William Blair

Key Points

• William Blair has revised its Q1 2026 earnings estimate for Progressive Corporation, increasing it to $4.61 per share, slightly above the previous estimate of $4.60.
• Progressive's last quarterly earnings report revealed EPS of $4.45, falling short of analysts' expectations of $5.04, alongside revenue of $21.38 billion.
• Insider trading activity reported significant sales, with executives selling a combined total of 130,045 shares of Progressive stock over the last quarter.

The Progressive Corporation (NYSE:PGR - Free Report) - Equities researchers at William Blair increased their Q1 2026 earnings per share estimates for shares of Progressive in a report released on Wednesday, October 15th. William Blair analyst A. Klauber now forecasts that the insurance provider will earn $4.61 per share for the quarter, up from their prior estimate of $4.60. The consensus estimate for Progressive's current full-year earnings is $14.68 per share. William Blair also issued estimates for Progressive's Q2 2026 earnings at $3.71 EPS and Q3 2026 earnings at $4.11 EPS.

Other research analysts have also issued research reports about the company. Citigroup reiterated a "buy" rating on shares of Progressive in a research report on Friday, August 29th. Cantor Fitzgerald upgraded Progressive to a "hold" rating in a research report on Wednesday, August 13th. Weiss Ratings reissued a "buy (b)" rating on shares of Progressive in a research note on Wednesday, October 8th. UBS Group decreased their price objective on shares of Progressive from $268.00 to $261.00 and set a "neutral" rating for the company in a research note on Wednesday, October 8th. Finally, Evercore ISI decreased their price objective on shares of Progressive from $275.00 to $273.00 and set an "in-line" rating for the company in a research note on Wednesday, October 1st. Seven research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $279.63.

Progressive Trading Down 5.8%

Shares of Progressive stock opened at $226.36 on Thursday. The firm has a market cap of $132.70 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.33 and a beta of 0.32. The business has a 50-day moving average price of $244.63 and a 200-day moving average price of $258.89. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. Progressive has a twelve month low of $217.20 and a twelve month high of $292.99.

Progressive (NYSE:PGR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 15th. The insurance provider reported $4.45 earnings per share for the quarter, missing analysts' consensus estimates of $5.04 by ($0.59). The firm had revenue of $21.38 billion for the quarter, compared to analysts' expectations of $21.64 billion. Progressive had a net margin of 12.66% and a return on equity of 35.37%. During the same quarter in the previous year, the business earned $3.58 EPS.

Progressive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, October 2nd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, October 2nd. Progressive's dividend payout ratio (DPR) is presently 2.25%.

Insider Activity at Progressive

In related news, insider Patrick K. Callahan sold 6,420 shares of Progressive 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 directly owned 15,192 shares of the company's stock, valued at $3,679,806.24. This trade represents a 29.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Lori A. Niederst sold 8,063 shares of Progressive stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $250.18, for a total transaction of $2,017,201.34. Following the transaction, the insider directly owned 39,040 shares in the company, valued at approximately $9,767,027.20. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 130,045 shares of company stock valued at $31,997,390 over the last quarter. 0.34% of the stock is owned by insiders.

Hedge Funds Weigh In On Progressive

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Progressive by 0.9% in the second quarter. Vanguard Group Inc. now owns 54,516,288 shares of the insurance provider's stock worth $14,548,217,000 after purchasing an additional 493,332 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Progressive by 2.0% during the second quarter. Geode Capital Management LLC now owns 15,513,188 shares of the insurance provider's stock valued at $4,128,055,000 after buying an additional 301,371 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Progressive by 32.8% during the second quarter. Alliancebernstein L.P. now owns 10,972,574 shares of the insurance provider's stock valued at $2,928,141,000 after buying an additional 2,709,417 shares during the last quarter. GQG Partners LLC grew its holdings in shares of Progressive by 61.4% during the first quarter. GQG Partners LLC now owns 8,346,133 shares of the insurance provider's stock valued at $2,362,039,000 after buying an additional 3,174,632 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Progressive during the second quarter valued at $2,156,939,000. 85.34% of the stock is owned by hedge funds and other institutional investors.

Progressive Company Profile

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.

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