Q3 Earnings Estimate for Progressive Issued By William Blair

Key Points

• William Blair increased their Q3 2025 earnings per share (EPS) estimate for Progressive to $3.74, slightly up from the previous forecast of $3.73.
• Progressive's stock saw a trading increase of 1.1%, with shares rising to $250.22 as of the last report.
• The insurance provider announced a dividend of $0.10 per share, reflecting a dividend yield of 0.15% paid on July 11th.

The Progressive Corporation (NYSE:PGR - Free Report) - Stock analysts at William Blair raised their Q3 2025 earnings per share (EPS) estimates for shares of Progressive in a note issued to investors on Wednesday, July 23rd. William Blair analyst A. Klauber now forecasts that the insurance provider will post earnings per share of $3.74 for the quarter, up from their prior forecast of $3.73. The consensus estimate for Progressive's current full-year earnings is $14.68 per share. William Blair also issued estimates for Progressive's FY2025 earnings at $17.38 EPS, Q1 2026 earnings at $4.57 EPS, Q2 2026 earnings at $3.68 EPS, Q3 2026 earnings at $4.18 EPS, Q4 2026 earnings at $5.19 EPS and FY2026 earnings at $17.62 EPS.

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

Other analysts have also recently issued reports about the company. UBS Group dropped their price target on Progressive from $280.00 to $268.00 and set a "neutral" rating on the stock in a research report on Monday, July 21st. Jefferies Financial Group dropped their price target on Progressive from $327.00 to $319.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Wall Street Zen cut Progressive from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Bank of America cut their target price on Progressive from $337.00 to $336.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Finally, Keefe, Bruyette & Woods decreased their price target on Progressive from $290.00 to $268.00 and set a "market perform" rating for the company in a research note on Thursday, July 17th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $286.88.

Progressive Stock Performance

Shares of Progressive stock traded down $7.60 on Friday, reaching $242.50. 1,581,674 shares of the company were exchanged, compared to its average volume of 3,243,644. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.34. The company's 50-day moving average is $264.25 and its two-hundred day moving average is $266.28. The firm has a market cap of $142.16 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 1.50 and a beta of 0.37. Progressive has a 1-year low of $208.13 and a 1-year high of $292.99.

Institutional Investors Weigh In On Progressive

Large investors have recently modified their holdings of the stock. Highline Wealth Partners LLC boosted its position in shares of Progressive by 114.0% in the first quarter. Highline Wealth Partners LLC now owns 92 shares of the insurance provider's stock worth $26,000 after buying an additional 49 shares during the period. TruNorth Capital Management LLC boosted its position in shares of Progressive by 210.0% in the first quarter. TruNorth Capital Management LLC now owns 93 shares of the insurance provider's stock worth $26,000 after buying an additional 63 shares during the period. HWG Holdings LP acquired a new stake in shares of Progressive in the first quarter worth $28,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Progressive in the fourth quarter worth $28,000. Finally, Garde Capital Inc. acquired a new stake in shares of Progressive in the first quarter worth $33,000. 85.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Progressive

In other news, CFO John P. Sauerland sold 10,000 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $263.79, for a total transaction of $2,637,900.00. Following the completion of the sale, the chief financial officer directly owned 228,024 shares of the company's stock, valued at $60,150,450.96. This trade represents a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Jo Murphy sold 4,000 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $260.38, for a total value of $1,041,520.00. Following the sale, the insider directly owned 41,289 shares of the company's stock, valued at approximately $10,750,829.82. This represents a 8.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,972 shares of company stock worth $9,078,681. 0.34% of the stock is owned by insiders.

Progressive Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, July 4th were paid a dividend of $0.10 per share. This represents a dividend yield of 0.15%. The ex-dividend date was Thursday, July 3rd. 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.