Roth Capital Estimates Progressive's Q2 Earnings (NYSE:PGR)

The Progressive Co. (NYSE:PGR - Free Report) - Analysts at Roth Capital lifted their Q2 2025 earnings per share estimates for Progressive in a research report issued to clients and investors on Tuesday, April 22nd. Roth Capital analyst H. Fong now forecasts that the insurance provider will post earnings of $3.22 per share for the quarter, up from their prior estimate of $3.16. The consensus estimate for Progressive's current full-year earnings is $14.68 per share. Roth Capital also issued estimates for Progressive's Q3 2025 earnings at $3.48 EPS, FY2025 earnings at $15.10 EPS, Q1 2026 earnings at $3.61 EPS, Q2 2026 earnings at $3.61 EPS, Q3 2026 earnings at $3.76 EPS and FY2026 earnings at $14.80 EPS.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. lifted their price objective on Progressive from $267.00 to $287.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. BMO Capital Markets upped their price objective on shares of Progressive from $282.00 to $288.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Jefferies Financial Group cut their target price on shares of Progressive from $327.00 to $319.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Roth Mkm lifted their price objective on Progressive from $290.00 to $315.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company raised their target price on Progressive from $320.00 to $324.00 and gave the company an "overweight" rating in a research note on Thursday, April 17th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $285.76.

Progressive Price Performance

Progressive stock opened at $265.26 on Wednesday. The business has a 50 day simple moving average of $274.00 and a 200 day simple moving average of $257.97. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.31 and a quick ratio of 0.30. The company has a market capitalization of $155.50 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.70 and a beta of 0.38. Progressive has a one year low of $201.34 and a one year high of $292.99.

Progressive (NYSE:PGR - Get Free Report) last posted its earnings results on Wednesday, April 16th. The insurance provider reported $4.65 earnings per share for the quarter, beating analysts' consensus estimates of $4.28 by $0.37. The business had revenue of $22.21 billion for the quarter, compared to analysts' expectations of $21.87 billion. Progressive had a net margin of 11.25% and a return on equity of 33.79%.

Progressive Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.15%. The ex-dividend date was Thursday, April 3rd. Progressive's payout ratio is 2.70%.

Insider Activity

In other Progressive news, insider Patrick K. Callahan sold 4,669 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $279.70, for a total value of $1,305,919.30. Following the completion of the sale, the insider now owns 15,191 shares of the company's stock, valued at approximately $4,248,922.70. This represents a 23.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John P. Sauerland sold 10,000 shares of the business's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $275.94, for a total transaction of $2,759,400.00. Following the completion of the transaction, the chief financial officer now directly owns 258,024 shares of the company's stock, valued at $71,199,142.56. This trade represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,749 shares of company stock valued at $11,786,613 in the last 90 days. 0.33% of the stock is owned by company insiders.

Institutional Trading of Progressive

Several hedge funds have recently added to or reduced their stakes in PGR. Integrated Advisors Network LLC grew its position in shares of Progressive by 1.0% in the 1st quarter. Integrated Advisors Network LLC now owns 3,808 shares of the insurance provider's stock valued at $1,078,000 after purchasing an additional 36 shares during the period. Pines Wealth Management LLC boosted its holdings in shares of Progressive by 3.0% in the first quarter. Pines Wealth Management LLC now owns 1,287 shares of the insurance provider's stock valued at $335,000 after buying an additional 37 shares during the period. Contravisory Investment Management Inc. increased its position in shares of Progressive by 2.0% during the first quarter. Contravisory Investment Management Inc. now owns 1,940 shares of the insurance provider's stock worth $549,000 after acquiring an additional 38 shares in the last quarter. Beacon Financial Group raised its holdings in shares of Progressive by 1.1% during the first quarter. Beacon Financial Group now owns 3,659 shares of the insurance provider's stock worth $1,036,000 after acquiring an additional 39 shares during the period. Finally, Kesler Norman & Wride LLC lifted its position in Progressive by 1.1% in the 4th quarter. Kesler Norman & Wride LLC now owns 3,695 shares of the insurance provider's stock valued at $885,000 after acquiring an additional 40 shares in the last quarter. Institutional investors and hedge funds own 85.34% of the company's stock.

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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