Q3 Earnings Forecast for Progressive Issued By William Blair

Key Points

• William Blair analysts have raised their Q3 2025 EPS estimate for Progressive to $4.98, significantly higher than the previous estimate of $4.27, while the consensus for the full year stands at $14.68.
• Progressive's stock is currently rated with a consensus of Hold from analysts, with an average price target of $279.44, despite some downgrades in ratings and price objectives from other firms.
• The company recently announced a quarterly dividend of $0.10 to be paid on October 10th, reflecting a 0.2% dividend yield and a dividend payout ratio of 2.25%.

The Progressive Corporation (NYSE:PGR - Free Report) - Stock analysts at William Blair upped their Q3 2025 EPS estimates for shares of Progressive in a research note issued on Wednesday, September 17th. William Blair analyst A. Klauber now expects that the insurance provider will earn $4.98 per share for the quarter, up from their previous forecast of $4.27. The consensus estimate for Progressive's current full-year earnings is $14.68 per share. William Blair also issued estimates for Progressive's FY2026 earnings at $17.66 EPS.

Progressive (NYSE:PGR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The insurance provider reported $4.88 EPS for the quarter, beating analysts' consensus estimates of $4.43 by $0.45. Progressive had a return on equity of 35.37% and a net margin of 12.66%.The company had revenue of $20.08 billion during the quarter, compared to analysts' expectations of $20.39 billion. During the same period in the prior year, the business posted $2.48 EPS. Progressive's revenue was up 12.1% on a year-over-year basis.

Several other equities research analysts also recently commented on PGR. Keefe, Bruyette & Woods increased their price objective on Progressive from $268.00 to $270.00 and gave the company a "market perform" rating in a report on Thursday, September 18th. Wells Fargo & Company restated an "equal weight" rating and set a $265.00 price target (down from $327.00) on shares of Progressive in a report on Thursday, September 18th. Jefferies Financial Group decreased their target price on Progressive from $309.00 to $287.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Morgan Stanley cut their price target on Progressive from $267.00 to $265.00 and set an "equal weight" rating for the company in a research note on Monday. Finally, BMO Capital Markets set a $252.00 price target on Progressive in a report on Thursday. Six investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $279.31.

Progressive Stock Down 1.5%

Shares of PGR traded down $3.56 during mid-day trading on Friday, hitting $237.59. 962,219 shares of the company's stock were exchanged, compared to its average volume of 3,169,358. The company has a market cap of $139.28 billion, a PE ratio of 13.39, a P/E/G ratio of 1.36 and a beta of 0.32. Progressive has a 52 week low of $228.54 and a 52 week high of $292.99. The company has a 50-day simple moving average of $245.70 and a 200 day simple moving average of $262.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.31.

Progressive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Thursday, October 2nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, October 2nd. Progressive's dividend payout ratio is 2.25%.

Insider Activity at Progressive

In related news, insider Lori A. Niederst sold 8,063 shares of the company's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $250.18, for a total transaction of $2,017,201.34. Following the completion of the sale, the insider owned 39,040 shares in the company, valued at approximately $9,767,027.20. This represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Susan Patricia Griffith sold 30,659 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $246.06, for a total value of $7,543,953.54. Following the sale, the chief executive officer owned 476,286 shares of the company's stock, valued at approximately $117,194,933.16. This trade represents a 6.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,045 shares of company stock valued at $34,635,290 in the last 90 days. 0.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Progressive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PGR. Brighton Jones LLC boosted its stake in Progressive by 15.6% during the fourth quarter. Brighton Jones LLC now owns 3,392 shares of the insurance provider's stock valued at $813,000 after buying an additional 457 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Progressive in the 4th quarter worth $269,000. Highview Capital Management LLC DE lifted its position in Progressive by 3.2% during the 4th quarter. Highview Capital Management LLC DE now owns 11,040 shares of the insurance provider's stock worth $2,645,000 after acquiring an additional 339 shares during the period. Bison Wealth LLC raised its stake in shares of Progressive by 3.2% during the 4th quarter. Bison Wealth LLC now owns 2,568 shares of the insurance provider's stock valued at $615,000 after buying an additional 80 shares during the last quarter. Finally, Waverly Advisors LLC increased its stake in shares of Progressive by 103.7% in the 4th quarter. Waverly Advisors LLC now owns 5,232 shares of the insurance provider's stock valued at $1,254,000 after purchasing an additional 2,663 shares in the last quarter. 85.34% of the stock is owned by 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.