What is Roth Capital's Forecast for Progressive Q3 Earnings?

Key Points

• Roth Capital has raised its Q3 2025 earnings per share (EPS) estimate for Progressive Corporation to $4.27, up from a previous estimate of $3.98, indicating strong anticipated performance.
• Progressive's last reported EPS was $4.88, surpassing analysts' expectations of $4.43, and showcasing a significant 12.1% revenue increase year-over-year.
• Institutional ownership remains strong with 85.34% of the stock held by institutional investors and hedge funds, reflecting confidence in Progressive's performance and future growth.

The Progressive Corporation (NYSE:PGR - Free Report) - Roth Capital boosted their Q3 2025 earnings per share (EPS) estimates for Progressive in a report issued on Thursday, August 21st. Roth Capital analyst H. Fong now expects that the insurance provider will post earnings per share of $4.27 for the quarter, up from their prior estimate of $3.98. The consensus estimate for Progressive's current full-year earnings is $14.68 per share. Roth Capital also issued estimates for Progressive's Q3 2026 earnings at $4.04 EPS and Q4 2026 earnings at $3.98 EPS.

Progressive (NYSE:PGR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The insurance provider reported $4.88 EPS for the quarter, topping 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 firm had revenue of $20.08 billion for the quarter, compared to the consensus estimate of $20.39 billion. During the same quarter last year, the business posted $2.48 earnings per share. The firm's revenue was up 12.1% compared to the same quarter last year.

PGR has been the topic of a number of other research reports. Keefe, Bruyette & Woods reduced their price objective on Progressive from $290.00 to $268.00 and set a "market perform" rating on the stock in a research report on Thursday, July 17th. Bank of America reduced their price objective on Progressive from $337.00 to $336.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Morgan Stanley reduced their price objective on Progressive from $275.00 to $265.00 and set an "equal weight" rating on the stock in a research report on Monday, August 11th. BMO Capital Markets reduced their target price on Progressive from $281.00 to $279.00 and set an "outperform" rating on the stock in a research report on Thursday. Finally, Citigroup started coverage on Progressive in a research report on Wednesday, August 13th. They issued a "buy" rating and a $312.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $284.06.

Progressive Stock Performance

Shares of Progressive stock opened at $248.9740 on Friday. Progressive has a one year low of $228.54 and a one year high of $292.99. The company has a market cap of $145.95 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 1.48 and a beta of 0.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.31 and a current ratio of 0.31. The business's 50 day moving average price is $251.77 and its 200 day moving average price is $266.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Highline Wealth Partners LLC grew its stake in Progressive by 114.0% during the 1st quarter. Highline Wealth Partners LLC now owns 92 shares of the insurance provider's stock worth $26,000 after purchasing an additional 49 shares in the last quarter. TruNorth Capital Management LLC lifted its holdings in Progressive by 210.0% during the 1st quarter. TruNorth Capital Management LLC now owns 93 shares of the insurance provider's stock worth $26,000 after buying an additional 63 shares during the last quarter. HWG Holdings LP purchased a new stake in Progressive during the 1st quarter worth about $28,000. Minot DeBlois Advisors LLC purchased a new stake in Progressive during the 4th quarter worth about $28,000. Finally, Garde Capital Inc. purchased a new stake in Progressive during the 1st quarter worth about $33,000. 85.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Lori A. Niederst sold 8,063 shares of Progressive stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $250.18, for a total value of $2,017,201.34. Following the completion of the sale, the insider directly owned 39,040 shares of the company's stock, valued at approximately $9,767,027.20. The trade was a 17.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Patrick K. Callahan sold 6,232 shares of the business's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $242.16, for a total value of $1,509,141.12. Following the transaction, the insider directly owned 27,844 shares of the company's stock, valued at $6,742,703.04. The trade was a 18.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 108,556 shares of company stock valued at $27,306,166. Insiders own 0.34% of the company's stock.

Progressive Dividend Announcement

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

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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