What is Roth Capital's Estimate for Progressive Q2 Earnings?

The Progressive Corporation (NYSE:PGR - Free Report) - Analysts at Roth Capital reduced their Q2 2026 earnings per share estimates for Progressive in a research report issued to clients and investors on Thursday, July 17th. Roth Capital analyst H. Fong now forecasts that the insurance provider will post earnings of $3.81 per share for the quarter, down from their prior estimate of $3.86. The consensus estimate for Progressive's current full-year earnings is $14.68 per share. Roth Capital also issued estimates for Progressive's Q4 2026 earnings at $4.05 EPS.

Other equities analysts also recently issued research reports about the company. Keefe, Bruyette & Woods cut their target price on Progressive from $290.00 to $268.00 and set a "market perform" rating for the company in a research report on Thursday. Wells Fargo & Company upped their target price on shares of Progressive from $328.00 to $333.00 and gave the stock an "overweight" rating in a report on Friday, June 20th. BMO Capital Markets reduced their price target on shares of Progressive from $288.00 to $281.00 and set an "outperform" rating on the stock in a research report on Friday. Wall Street Zen lowered shares of Progressive from a "buy" rating to a "hold" rating in a report on Friday. Finally, Morgan Stanley reduced their target price on Progressive from $290.00 to $280.00 and set an "equal weight" rating on the stock in a report on Monday, July 14th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $287.63.

Progressive Stock Down 0.3%

Shares of PGR opened at $246.48 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $267.67 and a two-hundred day moving average price of $266.09. The stock has a market cap of $144.49 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 1.50 and a beta of 0.37. Progressive has a 12 month low of $208.13 and a 12 month high of $292.99.

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

Progressive Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, July 4th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a yield of 0.15%. Progressive's dividend payout ratio is currently 2.25%.

Insider Activity at Progressive

In related news, CFO John P. Sauerland sold 10,000 shares of Progressive stock in a transaction on Monday, June 30th. The stock was sold at an average price of $263.79, for a total transaction of $2,637,900.00. Following the completion of the sale, the chief financial officer directly owned 228,024 shares of the company's stock, valued at $60,150,450.96. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Jo Murphy sold 4,000 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $260.38, for a total value of $1,041,520.00. Following the completion of the sale, the insider owned 41,289 shares of the company's stock, valued at $10,750,829.82. This represents a 8.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,705 shares of company stock worth $11,450,948. Insiders own 0.33% of the company's stock.

Hedge Funds Weigh In On Progressive

Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue lifted its holdings in Progressive by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 68,644 shares of the insurance provider's stock worth $19,426,000 after acquiring an additional 1,800 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of Progressive by 36.4% during the first quarter. QRG Capital Management Inc. now owns 126,826 shares of the insurance provider's stock worth $35,893,000 after purchasing an additional 33,864 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in shares of Progressive by 498.5% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 5,057 shares of the insurance provider's stock worth $1,431,000 after purchasing an additional 4,212 shares during the period. Hennessy Advisors Inc. bought a new position in shares of Progressive during the 1st quarter valued at about $3,141,000. Finally, Janney Montgomery Scott LLC grew its position in shares of Progressive by 16.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 93,463 shares of the insurance provider's stock valued at $26,451,000 after purchasing an additional 13,231 shares during the period. 85.34% of the stock is currently owned by institutional investors and hedge funds.

About Progressive

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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