Q3 Earnings Forecast for Progressive Issued By Roth Capital

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.

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

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.