Q1 Earnings Forecast for Progressive Issued By Roth Capital

The Progressive Co. (NYSE:PGR - Free Report) - Research analysts at Roth Capital decreased their Q1 2025 earnings per share estimates for Progressive in a research report issued on Monday, November 18th. Roth Capital analyst H. Fong now expects that the insurance provider will post earnings of $3.14 per share for the quarter, down from their previous estimate of $3.15. The consensus estimate for Progressive's current full-year earnings is $13.09 per share. Roth Capital also issued estimates for Progressive's Q4 2025 earnings at $3.60 EPS and Q1 2026 earnings at $3.47 EPS.

Progressive (NYSE:PGR - Get Free Report) last posted its earnings results on Tuesday, October 15th. The insurance provider reported $3.58 earnings per share for the quarter, beating analysts' consensus estimates of $3.40 by $0.18. The firm had revenue of $19.43 billion during the quarter, compared to analyst estimates of $18.95 billion. Progressive had a net margin of 11.27% and a return on equity of 33.10%.

Several other analysts have also weighed in on PGR. Jefferies Financial Group increased their price target on Progressive from $257.00 to $295.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. TD Cowen raised their target price on shares of Progressive from $197.00 to $237.00 and gave the stock a "hold" rating in a report on Friday, November 8th. Barclays lifted their price target on shares of Progressive from $267.00 to $277.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 23rd. Piper Sandler increased their price target on Progressive from $250.00 to $252.00 and gave the stock an "overweight" rating in a report on Thursday, August 15th. Finally, Roth Mkm upped their price target on shares of Progressive from $270.00 to $290.00 and gave the stock a "buy" rating in a report on Monday, September 16th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Progressive has a consensus rating of "Moderate Buy" and an average target price of $269.81.

Progressive Trading Down 0.8 %

Shares of NYSE:PGR traded down $2.01 during trading on Tuesday, reaching $254.51. The company's stock had a trading volume of 1,735,940 shares, compared to its average volume of 2,457,139. The stock has a market capitalization of $149.09 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 0.71 and a beta of 0.36. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. The firm's 50 day simple moving average is $252.43 and its two-hundred day simple moving average is $230.76. Progressive has a 12 month low of $149.14 and a 12 month high of $263.85.

Institutional Trading of Progressive

Hedge funds have recently modified their holdings of the stock. Raleigh Capital Management Inc. lifted its holdings in Progressive by 20.9% in the third quarter. Raleigh Capital Management Inc. now owns 237 shares of the insurance provider's stock valued at $60,000 after acquiring an additional 41 shares during the period. LRI Investments LLC lifted its stake in shares of Progressive by 16.5% in the 3rd quarter. LRI Investments LLC now owns 296 shares of the insurance provider's stock valued at $76,000 after purchasing an additional 42 shares during the period. Castleview Partners LLC grew its position in Progressive by 2.7% during the third quarter. Castleview Partners LLC now owns 1,712 shares of the insurance provider's stock valued at $434,000 after buying an additional 45 shares during the period. Washington Trust Bank grew its position in Progressive by 4.6% during the third quarter. Washington Trust Bank now owns 1,024 shares of the insurance provider's stock valued at $260,000 after buying an additional 45 shares during the period. Finally, Sunbelt Securities Inc. increased its holdings in Progressive by 21.3% in the second quarter. Sunbelt Securities Inc. now owns 262 shares of the insurance provider's stock valued at $54,000 after buying an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 85.34% of the company's stock.

Insider Buying and Selling at Progressive

In other news, CEO Susan Patricia Griffith sold 43,370 shares of Progressive stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $252.20, for a total transaction of $10,937,914.00. Following the completion of the sale, the chief executive officer now directly owns 473,735 shares in the company, valued at approximately $119,475,967. The trade was a 8.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steven Broz sold 2,982 shares of the company's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $260.00, for a total value of $775,320.00. Following the completion of the transaction, the insider now directly owns 29,334 shares in the company, valued at approximately $7,626,840. The trade was a 9.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,209 shares of company stock worth $14,975,979. 0.34% of the stock is owned by insiders.

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.