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) - Analysts at William Blair boosted their Q3 2025 earnings estimates for Progressive in a research note issued on Wednesday, September 17th. William Blair analyst A. Klauber now forecasts that the insurance provider will post earnings of $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 issued its quarterly earnings data on Wednesday, July 16th. The insurance provider reported $4.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.43 by $0.45. The business had revenue of $20.08 billion for the quarter, compared to the consensus estimate of $20.39 billion. Progressive had a net margin of 12.66% and a return on equity of 35.37%. The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.48 EPS.

PGR has been the topic of a number of other research reports. Wells Fargo & Company reiterated an "equal weight" rating and issued a $265.00 price target (down previously from $327.00) on shares of Progressive in a research note on Thursday. Morgan Stanley upped their target price on shares of Progressive from $265.00 to $267.00 and gave the company an "equal weight" rating in a research note on Friday, August 22nd. Wolfe Research assumed coverage on shares of Progressive in a research note on Monday, September 15th. They issued a "peer perform" rating on the stock. Wall Street Zen lowered shares of Progressive from a "buy" rating to a "hold" rating in a report on Sunday. Finally, BMO Capital Markets set a $252.00 target price on shares of Progressive in a report on Thursday. Six equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $279.44.

Progressive Stock Up 0.1%

Shares of NYSE:PGR traded up $0.26 during midday trading on Friday, reaching $242.26. The company's stock had a trading volume of 4,778,275 shares, compared to its average volume of 2,433,152. The firm has a 50 day moving average of $245.83 and a 200-day moving average of $263.34. The firm has a market capitalization of $142.01 billion, a P/E ratio of 13.65, a PEG ratio of 1.38 and a beta of 0.32. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. Progressive has a 12-month low of $228.54 and a 12-month high of $292.99.

Hedge Funds Weigh In On Progressive

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in Progressive during the second quarter worth approximately $2,156,939,000. Nuveen LLC purchased a new position in shares of Progressive in the 1st quarter valued at approximately $1,473,180,000. GQG Partners LLC grew its stake in shares of Progressive by 61.4% in the 1st quarter. GQG Partners LLC now owns 8,346,133 shares of the insurance provider's stock valued at $2,362,039,000 after purchasing an additional 3,174,632 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Progressive by 39,285.0% in the first quarter. GAMMA Investing LLC now owns 3,046,037 shares of the insurance provider's stock valued at $862,059,000 after buying an additional 3,038,303 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Progressive by 32.8% in the second quarter. Alliancebernstein L.P. now owns 10,972,574 shares of the insurance provider's stock valued at $2,928,141,000 after buying an additional 2,709,417 shares in the last quarter. Hedge funds and other institutional investors own 85.34% of the company's stock.

Insiders Place Their Bets

In other news, insider Steven Broz sold 1,345 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $250.78, for a total value of $337,299.10. Following the completion of the sale, the insider directly owned 31,733 shares in the company, valued at $7,958,001.74. The trade was a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lori A. Niederst sold 8,063 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $250.18, for a total value of $2,017,201.34. Following the completion of the transaction, the insider directly owned 39,040 shares of the company's stock, valued at approximately $9,767,027.20. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 130,062 shares of company stock valued at $32,217,635. 0.34% of the stock is owned by insiders.

Progressive Announces Dividend

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

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.