The Progressive Co. (NYSE:PGR - Free Report) - Equities researchers at Roth Capital increased their Q3 2025 earnings per share estimates for shares of Progressive in a report released on Friday, May 23rd. Roth Capital analyst H. Fong now expects that the insurance provider will earn $3.64 per share for the quarter, up from their previous forecast 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 earnings results on Wednesday, April 16th. The insurance provider reported $4.65 earnings per share for the quarter, topping the consensus estimate 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%.
Several other research firms also recently commented on PGR. Barclays increased their price objective on Progressive from $285.00 to $297.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. BMO Capital Markets increased their price objective on Progressive from $282.00 to $288.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. UBS Group increased their price objective on Progressive from $285.00 to $291.00 and gave the company a "neutral" rating in a research note on Wednesday. Jefferies Financial Group reduced their price objective on Progressive from $327.00 to $319.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, Bank of America raised Progressive from a "neutral" rating to a "buy" rating and set a $312.00 price objective for the company in a research note on Monday, April 28th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $288.59.
Read Our Latest Analysis on Progressive
Progressive Price Performance
Shares of PGR stock traded down $1.97 during trading hours on Monday, hitting $276.78. 3,182,552 shares of the company's stock were exchanged, compared to its average volume of 2,650,606. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.27. The firm has a market cap of $162.25 billion, a P/E ratio of 19.22, a P/E/G ratio of 1.70 and a beta of 0.40. The firm has a 50 day moving average of $275.39 and a two-hundred day moving average of $263.17. Progressive has a fifty-two week low of $201.34 and a fifty-two week high of $292.99.
Progressive Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Thursday, April 3rd. Progressive's payout ratio is currently 2.70%.
Insider Transactions at Progressive
In other news, CFO John P. Sauerland sold 10,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $279.94, for a total transaction of $2,799,400.00. Following the completion of the transaction, the chief financial officer now directly owns 269,566 shares in the company, valued at approximately $75,462,306.04. This represents a 3.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Steven Broz sold 1,267 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $277.81, for a total value of $351,985.27. Following the transaction, the insider now owns 28,888 shares of the company's stock, valued at approximately $8,025,375.28. This represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,651 shares of company stock worth $12,063,480. 0.33% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Progressive
A number of hedge funds have recently modified their holdings of PGR. Janney Montgomery Scott LLC grew its holdings in shares of Progressive by 4.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 80,232 shares of the insurance provider's stock worth $19,225,000 after purchasing an additional 3,326 shares during the period. Brighton Jones LLC lifted its stake in Progressive by 15.6% during the 4th quarter. Brighton Jones LLC now owns 3,392 shares of the insurance provider's stock worth $813,000 after acquiring an additional 457 shares in the last quarter. Gradient Investments LLC acquired a new position in Progressive during the 4th quarter worth about $717,000. Cyndeo Wealth Partners LLC lifted its stake in Progressive by 11.4% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 11,148 shares of the insurance provider's stock worth $2,671,000 after acquiring an additional 1,145 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in Progressive by 31.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 3,940 shares of the insurance provider's stock worth $944,000 after acquiring an additional 936 shares in the last quarter. 85.34% of the stock is currently owned by hedge funds and other institutional investors.
Progressive Company Profile
(
Get Free Report)
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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