Progressive (PGR) Expected to Post Quarterly Earnings on Wednesday

Key Points

• Progressive is expected to report Q3 2026 results before the market opens Wednesday, October 14. Analysts forecast earnings of $4.30 per share on $22.61 billion in revenue.
• The insurer exceeded expectations in its latest quarter, reporting $5.67 EPS versus the $4.64 consensus and $23.61 billion in revenue, up 5% year over year.
• Wall Street holds a consensus “Hold” rating on PGR, with a $235.11 average price target versus a recent share price of $218.82; insiders have sold more than 106,000 shares over the past quarter.

Progressive (NYSE:PGR - Get Free Report) is expected to be announcing its Q3 2026 results before the market opens on Wednesday, October 14th. Analysts expect the company to announce earnings of $4.30 per share and revenue of $22.6113 billion for the quarter. Individuals can find conference call details on the company's upcoming Q3 2026 earning overview page for the latest details on the call scheduled for Tuesday, November 3, 2026 at 9:30 AM ET.

Progressive (NYSE:PGR - Get Free Report) last released its quarterly earnings results on Wednesday, July 15th. The insurance provider reported $5.67 earnings per share for the quarter, topping the consensus estimate of $4.64 by $1.03. Progressive had a return on equity of 32.92% and a net margin of 12.84%.The business had revenue of $23.61 billion during the quarter, compared to analysts' expectations of $19.49 billion. During the same period last year, the firm posted $5.40 EPS. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts expect Progressive to post $18 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Progressive Price Performance

NYSE:PGR opened at $218.82 on Friday. Progressive has a 52 week low of $189.20 and a 52 week high of $245.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.29 and a current ratio of 0.29. The firm's 50-day simple moving average is $214.17 and its 200 day simple moving average is $208.86. The firm has a market cap of $127.21 billion, a price-to-earnings ratio of 10.97, a P/E/G ratio of 2.33 and a beta of 0.25.

Progressive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, October 1st. Progressive's dividend payout ratio is presently 2.01%.

Wall Street Analyst Weigh In

PGR has been the topic of several recent research reports. Evercore set a $240.00 target price on shares of Progressive in a report on Friday, July 10th. The Goldman Sachs Group reissued a "buy" rating and set a $230.00 price target on shares of Progressive in a research report on Wednesday, August 19th. Bank of America lowered their price objective on Progressive from $313.00 to $308.00 and set a "buy" rating on the stock in a research note on Thursday, July 16th. Raymond James Financial reaffirmed an "outperform" rating and issued a $245.00 price objective on shares of Progressive in a report on Monday, September 21st. Finally, Jefferies Financial Group reissued a "hold" rating and set a $228.00 target price on shares of Progressive in a report on Wednesday, August 19th. Eight investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Progressive presently has a consensus rating of "Hold" and a consensus target price of $235.11.

Insider Buying and Selling

In other news, CFO Andrew Quigg sold 3,499 shares of the firm's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $220.00, for a total transaction of $769,780.00. Following the completion of the transaction, the chief financial officer directly owned 42,595 shares in the company, valued at $9,370,900. This trade represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Karen Bailo sold 8,452 shares of the firm's stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $212.71, for a total transaction of $1,797,824.92. Following the transaction, the insider owned 32,348 shares of the company's stock, valued at approximately $6,880,743.08. The trade was a 20.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 106,782 shares of company stock valued at $22,965,332 over the last quarter. 0.32% of the stock is currently owned by company insiders.

Progressive Company Profile

Progressive Corporation is an insurance holding company that provides personal and commercial insurance products in the United States. Its primary business is automobile insurance, serving consumers through direct channels, independent agents and other distribution partners.

The company offers coverage for personal vehicles, motorcycles, recreational vehicles, boats and other specialty vehicles. Its personal insurance portfolio also includes homeowners, renters, condominium and other property coverage, while its commercial business provides insurance for commercial vehicles and related risks.

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