Roth Capital Has Bullish Outlook for Progressive Q2 Earnings

The Progressive Co. (NYSE:PGR) – Analysts at Roth Capital raised their Q2 2025 earnings estimates for shares of Progressive in a research report issued to clients and investors on Thursday, January 30th. Roth Capital analyst H. Fong now forecasts that the insurance provider will post earnings of $3.16 per share for the quarter, up from their previous estimate of $3.12. The consensus estimate for Progressive’s current full-year earnings is $14.03 per share. Roth Capital also issued estimates for Progressive’s Q3 2025 earnings at $3.45 EPS, Q4 2025 earnings at $3.75 EPS, Q1 2026 earnings at $3.57 EPS, Q2 2026 earnings at $3.53 EPS, Q3 2026 earnings at $3.70 EPS, Q4 2026 earnings at $3.80 EPS and FY2026 earnings at $14.60 EPS.

Progressive (NYSE:PGR) last posted its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.64. Progressive had a net margin of 11.25% and a return on equity of 34.32%.

PGR has been the subject of a number of other reports. Wells Fargo & Company raised their target price on Progressive from $302.00 to $313.00 and gave the company an “overweight” rating in a research note on Thursday. Jefferies Financial Group raised their price objective on shares of Progressive from $257.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Evercore ISI upped their target price on shares of Progressive from $277.00 to $285.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price target on shares of Progressive from $251.00 to $256.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Finally, Raymond James raised Progressive from a “market perform” rating to an “outperform” rating and set a $305.00 price objective on the stock in a report on Thursday, December 26th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $275.71.

Progressive Trading Down 1.0 %

PGR stock opened at $246.78 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $144.57 billion, a price-to-earnings ratio of 17.14, a P/E/G ratio of 0.64 and a beta of 0.41. The business has a fifty day moving average price of $247.40 and a 200 day moving average price of $244.30. Progressive has a fifty-two week low of $176.37 and a fifty-two week high of $270.62.

Institutional Trading of Progressive

A number of hedge funds and other institutional investors have recently made changes to their positions in PGR. Versant Capital Management Inc grew its stake in Progressive by 98.2% in the fourth quarter. Versant Capital Management Inc now owns 789 shares of the insurance provider’s stock valued at $189,000 after purchasing an additional 391 shares in the last quarter. Townsquare Capital LLC grew its holdings in Progressive by 90.9% in the 3rd quarter. Townsquare Capital LLC now owns 7,813 shares of the insurance provider’s stock valued at $1,983,000 after buying an additional 3,720 shares in the last quarter. Diversified Trust Co increased its position in Progressive by 84.3% during the third quarter. Diversified Trust Co now owns 25,738 shares of the insurance provider’s stock worth $6,531,000 after acquiring an additional 11,770 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Progressive by 7.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,067,924 shares of the insurance provider’s stock worth $1,286,036,000 after purchasing an additional 330,667 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in Progressive by 2,262.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 433,999 shares of the insurance provider’s stock valued at $103,990,000 after acquiring an additional 415,628 shares in the last quarter. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO John P. Sauerland sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $268.09, for a total value of $2,680,900.00. Following the completion of the transaction, the chief financial officer now directly owns 292,958 shares in the company, valued at approximately $78,539,110.22. The trade was a 3.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew J. Quigg sold 681 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $242.10, for a total transaction of $164,870.10. Following the sale, the insider now owns 33,612 shares in the company, valued at $8,137,465.20. This trade represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,361 shares of company stock valued at $13,983,575 in the last quarter. Company insiders own 0.34% of the company’s stock.

Progressive Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.16%. Progressive’s dividend payout ratio is 2.78%.

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.