Roth Capital Analysts Cut Earnings Estimates for Progressive

The Progressive Corporation (NYSE:PGR) – Stock analysts at Roth Capital reduced their FY2025 earnings per share (EPS) estimates for shares of Progressive in a research report issued on Thursday, October 16th. Roth Capital analyst H. Fong now expects that the insurance provider will earn $17.90 per share for the year, down from their prior forecast of $18.50. The consensus estimate for Progressive’s current full-year earnings is $14.68 per share. Roth Capital also issued estimates for Progressive’s Q2 2026 earnings at $3.73 EPS, Q4 2026 earnings at $4.02 EPS and Q1 2027 earnings at $3.98 EPS.

Other analysts also recently issued reports about the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Progressive in a report on Wednesday, October 8th. Barclays lowered their price target on Progressive from $271.00 to $257.00 and set an “equal weight” rating for the company in a report on Monday. Wall Street Zen downgraded Progressive from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Cantor Fitzgerald upgraded Progressive to a “hold” rating in a report on Wednesday, August 13th. Finally, Wolfe Research started coverage on Progressive in a report on Monday, September 15th. They issued a “peer perform” rating for the company. Seven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $270.40.

Progressive Trading Up 1.1%

PGR stock opened at $221.72 on Monday. The company has a market cap of $129.97 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.24 and a beta of 0.32. The company has a quick ratio of 0.31, a current ratio of 0.32 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $242.81 and a 200-day simple moving average of $257.18. Progressive has a 52 week low of $217.20 and a 52 week high of $292.99.

Progressive (NYSE:PGR) last released its quarterly earnings data on Wednesday, October 15th. The insurance provider reported $4.45 EPS for the quarter, missing analysts’ consensus estimates of $5.04 by ($0.59). The firm had revenue of $21.38 billion for the quarter, compared to analyst estimates of $21.64 billion. Progressive had a return on equity of 33.88% and a net margin of 12.57%.During the same quarter in the previous year, the company earned $3.58 earnings per share.

Hedge Funds Weigh In On Progressive

Large investors have recently modified their holdings of the stock. TruNorth Capital Management LLC lifted its position in shares of Progressive by 210.0% during the first quarter. TruNorth Capital Management LLC now owns 93 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 63 shares during the last quarter. HWG Holdings LP bought a new position in shares of Progressive during the first quarter worth about $28,000. Davis Capital Management bought a new position in shares of Progressive during the third quarter worth about $25,000. Garde Capital Inc. bought a new position in shares of Progressive during the first quarter worth about $33,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Progressive during the second quarter worth about $33,000. Institutional investors own 85.34% of the company’s stock.

Insider Activity at Progressive

In other news, insider Steven Broz sold 1,345 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $242.10, for a total transaction of $325,624.50. Following the completion of the sale, the insider directly owned 30,388 shares in the company, valued at $7,356,934.80. This trade represents a 4.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Susan Patricia Griffith sold 30,659 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $246.06, for a total transaction of $7,543,953.54. Following the transaction, the chief executive officer directly owned 476,286 shares in the company, valued at $117,194,933.16. The trade was a 6.05% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,778 shares of company stock valued at $31,683,756. 0.33% of the stock is currently owned by insiders.

Progressive Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Thursday, October 2nd were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, October 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive’s dividend payout ratio (DPR) is currently 2.19%.

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.