Roth Capital Brokers Lift Earnings Estimates for Progressive

Key Points

• Roth Capital has revised its Q3 2025 earnings per share (EPS) estimate for the Progressive Corporation to $5.01, significantly up from the previous estimate of $4.27.
• Progressive's latest quarterly earnings topped estimates with an EPS of $4.88, compared to the consensus estimate of $4.43, alongside a revenue of $20.08 billion.
• Despite the positive earnings revisions, several analysts have adjusted their price targets downwards, with UBS Group lowering its price objective from $280.00 to $268.00 and maintaining a "neutral" rating.

The Progressive Corporation (NYSE:PGR - Free Report) - Roth Capital upped their Q3 2025 earnings per share (EPS) estimates for Progressive in a research report issued on Thursday, September 18th. Roth Capital analyst H. Fong now expects that the insurance provider will earn $5.01 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. Roth Capital also issued estimates for Progressive's Q4 2025 earnings at $3.95 EPS, Q1 2026 earnings at $3.92 EPS and Q4 2026 earnings at $4.04 EPS.

Several other equities analysts have also recently weighed in on PGR. UBS Group lowered their price objective on shares of Progressive from $280.00 to $268.00 and set a "neutral" rating on the stock in a research report on Monday, July 21st. Wolfe Research assumed coverage on Progressive in a report on Monday, September 15th. They set a "peer perform" rating on the stock. Evercore ISI downgraded Progressive from an "outperform" rating to an "in-line" rating and set a $275.00 price objective for the company. in a research note on Thursday, July 17th. Wall Street Zen cut Progressive from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Jefferies Financial Group reduced their price target on shares of Progressive from $309.00 to $287.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Six investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Progressive currently has an average rating of "Hold" and a consensus target price of $279.44.

Progressive Stock Performance

Progressive stock opened at $242.26 on Monday. Progressive has a fifty-two week low of $228.54 and a fifty-two week high of $292.99. The firm's 50 day simple moving average is $245.83 and its 200-day simple moving average is $263.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $142.02 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 1.36 and a beta of 0.32.

Progressive (NYSE:PGR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The insurance provider reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.45. Progressive had a return on equity of 35.37% and a net margin of 12.66%.The firm had revenue of $20.08 billion for the quarter, compared to the consensus estimate of $20.39 billion. During the same quarter in the previous year, the company earned $2.48 EPS. The business's revenue for the quarter was up 12.1% compared to the same quarter last year.

Progressive Dividend Announcement

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

Insider Transactions at Progressive

In other Progressive news, insider Steven Broz sold 1,345 shares of Progressive 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 transaction, the insider directly owned 31,733 shares of the company's stock, valued at $7,958,001.74. The trade was a 4.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Patrick K. Callahan sold 6,232 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $249.96, for a total transaction of $1,557,750.72. Following the completion of the sale, the insider owned 21,612 shares of the company's stock, valued at approximately $5,402,135.52. The trade was a 22.38% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 130,062 shares of company stock worth $32,217,635. Insiders own 0.33% of the company's stock.

Institutional Trading of Progressive

A number of institutional investors and hedge funds have recently modified their holdings of PGR. Valeo Financial Advisors LLC boosted its stake in Progressive by 7.3% during the second quarter. Valeo Financial Advisors LLC now owns 4,207 shares of the insurance provider's stock worth $1,123,000 after buying an additional 285 shares in the last quarter. SevenBridge Financial Group LLC lifted its holdings in shares of Progressive by 50.7% during the 2nd quarter. SevenBridge Financial Group LLC now owns 8,780 shares of the insurance provider's stock worth $2,134,000 after acquiring an additional 2,954 shares during the period. Osaic Holdings Inc. increased its stake in Progressive by 18.9% in the second quarter. Osaic Holdings Inc. now owns 68,648 shares of the insurance provider's stock valued at $18,443,000 after acquiring an additional 10,903 shares during the period. American Trust boosted its holdings in Progressive by 88.5% during the second quarter. American Trust now owns 4,384 shares of the insurance provider's stock valued at $1,170,000 after purchasing an additional 2,058 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in shares of Progressive by 18.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 111,613 shares of the insurance provider's stock valued at $29,782,000 after purchasing an additional 17,423 shares during the period. 85.34% of the stock is currently 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.

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