Q3 Earnings Forecast for Progressive Issued By Roth Capital

The Progressive Co. (NYSE:PGR - Free Report) - Equities research analysts at Roth Capital upped their Q3 2025 earnings per share estimates for Progressive in a research note issued on Friday, May 23rd. Roth Capital analyst H. Fong now anticipates that the insurance provider will post earnings per share of $3.64 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.

A number of other analysts have also recently commented on PGR. UBS Group increased their price target on shares of Progressive from $285.00 to $291.00 and gave the company a "neutral" rating in a research note on Wednesday. Morgan Stanley set a $330.00 target price on shares of Progressive and gave the company an "overweight" rating in a research report on Monday, May 19th. Barclays boosted their price target on Progressive from $285.00 to $297.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $288.00 target price on shares of Progressive in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of Progressive from $267.00 to $287.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $288.59.

Progressive Stock Up 0.9%

Shares of NYSE PGR traded up $2.48 during mid-day trading on Monday, reaching $279.78. 213,030 shares of the company's stock were exchanged, compared to its average volume of 2,637,021. The business has a fifty day simple moving average of $275.52 and a 200 day simple moving average of $263.38. Progressive has a twelve month low of $201.34 and a twelve month high of $292.99. 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 firm has a market capitalization of $164.01 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 1.70 and a beta of 0.40.

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, topping the consensus estimate of $4.28 by $0.37. The company had revenue of $22.21 billion for the quarter, compared to analysts' expectations of $21.87 billion. Progressive had a return on equity of 33.79% and a net margin of 11.25%.

Progressive Announces Dividend

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

Insider Activity at Progressive

In other Progressive news, CFO John P. Sauerland sold 1,542 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $282.66, for a total transaction of $435,861.72. Following the completion of the transaction, the chief financial officer now owns 268,024 shares in the company, valued at approximately $75,759,663.84. This represents a 0.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Broz sold 1,267 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $277.81, for a total value of $351,985.27. Following the completion of the sale, the insider now directly owns 28,888 shares of the company's stock, valued at $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. Insiders have sold 43,651 shares of company stock valued at $12,017,780 in the last ninety days. Insiders own 0.33% of the company's stock.

Hedge Funds Weigh In On Progressive

Several hedge funds and other institutional investors have recently modified their holdings of the company. Webster Bank N. A. acquired a new stake in Progressive during the fourth quarter valued at approximately $26,000. Highline Wealth Partners LLC boosted its stake in Progressive by 114.0% in 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 position in Progressive by 210.0% during the 1st quarter. TruNorth Capital Management LLC now owns 93 shares of the insurance provider's stock worth $26,000 after purchasing an additional 63 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in Progressive during the fourth quarter valued at $28,000. Finally, Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Progressive by 54.7% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 116 shares of the insurance provider's stock valued at $28,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 85.34% of the company's stock.

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.