Q3 Earnings Estimate for Progressive Issued By Roth Capital

The Progressive Co. (NYSE:PGR - Free Report) - Equities researchers at Roth Capital boosted their Q3 2025 EPS 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 of $3.64 per share for the quarter, up from their prior 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 EPS for the quarter, beating the consensus estimate of $4.28 by $0.37. Progressive had a net margin of 11.25% and a return on equity of 33.79%. The company had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $21.87 billion.

PGR has been the topic of a number of other research reports. Wells Fargo & Company lifted their price target on shares of Progressive from $324.00 to $328.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Roth Mkm boosted their target price on Progressive from $290.00 to $315.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Morgan Stanley set a $330.00 target price on Progressive and gave the company an "overweight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. boosted their price objective on Progressive from $267.00 to $287.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Finally, UBS Group boosted their price objective on Progressive from $275.00 to $285.00 and gave the company a "neutral" rating in a research note on Friday, March 14th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $288.24.

Progressive Stock Performance

Shares of PGR stock traded up $1.43 during trading hours on Monday, hitting $278.73. 3,468,170 shares of the company were exchanged, compared to its average volume of 2,648,477. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $163.40 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 1.70 and a beta of 0.40. The firm has a fifty day simple moving average of $275.30 and a 200 day simple moving average of $263.06. Progressive has a 52-week low of $201.34 and a 52-week high of $292.99.

Progressive Dividend Announcement

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

Insider Transactions at Progressive

In other news, CFO John P. Sauerland sold 10,000 shares of Progressive stock in a transaction dated 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 transaction, the chief financial officer now directly owns 269,566 shares of the company's stock, valued at $75,462,306.04. The trade was a 3.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Carl G. Joyce sold 360 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $276.17, for a total transaction of $99,421.20. Following the sale, the chief accounting officer now directly owns 655 shares in the company, valued at approximately $180,891.35. The trade was a 35.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,384 shares of company stock worth $11,711,495 in the last 90 days. 0.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in shares of Progressive by 4.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 80,232 shares of the insurance provider's stock valued at $19,225,000 after acquiring an additional 3,326 shares in the last quarter. Brighton Jones LLC increased 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 valued at $813,000 after purchasing an additional 457 shares in the last quarter. Gradient Investments LLC acquired a new position in Progressive during the 4th quarter valued at approximately $717,000. Cyndeo Wealth Partners LLC increased 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 valued at $2,671,000 after purchasing an additional 1,145 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its position in Progressive by 31.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 3,940 shares of the insurance provider's stock worth $944,000 after purchasing an additional 936 shares in the last quarter. 85.34% of the stock is currently owned by hedge funds and other institutional investors.

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.