Roth Capital Has Strong Forecast for Progressive Q3 Earnings

The Progressive Co. (NYSE:PGR - Free Report) - Analysts at Roth Capital boosted their Q3 2025 earnings per share estimates for shares of Progressive in a research note issued to investors on Friday, May 23rd. Roth Capital analyst H. Fong now forecasts that the insurance provider will post earnings per share of $3.64 for the quarter, up from their prior estimate of $3.48. The consensus estimate for Progressive's current full-year earnings is $14.68 per share. Roth Capital also issued estimates for Progressive's Q1 2026 earnings at $3.77 EPS, Q2 2026 earnings at $3.80 EPS, Q3 2026 earnings at $3.94 EPS and FY2026 earnings at $15.50 EPS.

Progressive (NYSE:PGR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $4.65 EPS for the quarter, beating analysts' consensus estimates of $4.28 by $0.37. The business had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $21.87 billion. Progressive had a return on equity of 33.79% and a net margin of 11.25%.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen downgraded Progressive from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Roth Mkm boosted their price target on Progressive from $290.00 to $315.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Barclays boosted their price target on Progressive from $285.00 to $297.00 and gave the company an "equal weight" rating in a research report on Friday, April 11th. Jefferies Financial Group lowered their price target on Progressive from $327.00 to $319.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, UBS Group upped their target price on Progressive from $285.00 to $291.00 and gave the stock a "neutral" rating in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $288.59.

Progressive Trading Down 0.0%

PGR stock traded down $0.07 during trading on Monday, reaching $276.96. 1,087,473 shares of the stock traded hands, compared to its average volume of 2,643,600. The business's 50 day moving average price is $275.46 and its 200-day moving average price is $263.26. Progressive has a 52-week low of $201.34 and a 52-week high of $292.99. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.31 and a quick ratio of 0.30. The firm has a market capitalization of $162.36 billion, a PE ratio of 19.23, a P/E/G ratio of 1.70 and a beta of 0.40.

Institutional Trading of Progressive

Institutional investors and hedge funds have recently made changes to their positions in the stock. Highline Wealth Partners LLC raised its position in shares of Progressive by 114.0% during the 1st quarter. Highline Wealth Partners LLC now owns 92 shares of the insurance provider's stock worth $26,000 after purchasing an additional 49 shares during the period. TruNorth Capital Management LLC grew 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 worth $26,000 after buying an additional 63 shares in the last quarter. HWG Holdings LP bought a new position in Progressive in the 1st quarter worth approximately $28,000. Webster Bank N. A. bought a new position in Progressive in the 4th quarter worth approximately $26,000. Finally, Hager Investment Management Services LLC bought a new position in Progressive in the 4th quarter worth approximately $28,000. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Progressive news, CFO John P. Sauerland sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $275.37, for a total transaction of $2,753,700.00. Following the sale, the chief financial officer now owns 238,024 shares in the company, valued at $65,544,668.88. This represents a 4.03% 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 Patrick K. Callahan sold 4,669 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $279.70, for a total value of $1,305,919.30. Following the sale, the insider now owns 15,191 shares in the company, valued at $4,248,922.70. The trade was a 23.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,651 shares of company stock worth $14,817,180. 0.33% of the stock is currently owned by corporate insiders.

Progressive Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, April 3rd. Progressive's dividend payout ratio (DPR) is 2.70%.

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.