Progressive FY2026 EPS Forecast Lowered by Cantor Fitzgerald

The Progressive Corporation (NYSE:PGR) – Cantor Fitzgerald decreased their FY2026 earnings per share estimates for shares of Progressive in a research note issued to investors on Wednesday, November 5th. Cantor Fitzgerald analyst R. Tunis now expects that the insurance provider will earn $15.00 per share for the year, down from their prior estimate of $16.28. Cantor Fitzgerald has a “Hold” rating on the stock. The consensus estimate for Progressive’s current full-year earnings is $14.68 per share.

A number of other research analysts have also weighed in on PGR. JPMorgan Chase & Co. raised their price target on shares of Progressive from $301.00 to $303.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Wall Street Zen lowered shares of Progressive from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. The Goldman Sachs Group lowered their price target on shares of Progressive from $276.00 to $245.00 and set a “buy” rating on the stock in a research report on Monday, October 27th. Evercore ISI cut their price objective on shares of Progressive from $275.00 to $273.00 and set an “in-line” rating for the company in a report on Wednesday, October 1st. Finally, Zacks Research cut Progressive from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Eight investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $267.96.

Progressive Price Performance

NYSE:PGR traded up $7.19 during trading hours on Friday, reaching $216.80. 1,848,475 shares of the company were exchanged, compared to its average volume of 3,262,572. The company has a current ratio of 0.32, a quick ratio of 0.31 and a debt-to-equity ratio of 0.19. The firm has a market cap of $127.09 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 1.19 and a beta of 0.29. Progressive has a twelve month low of $199.90 and a twelve month high of $292.99. The stock’s 50-day moving average is $234.12 and its 200-day moving average is $252.42.

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

Hedge Funds Weigh In On Progressive

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of Progressive by 15.6% during the 4th quarter. Brighton Jones LLC now owns 3,392 shares of the insurance provider’s stock worth $813,000 after purchasing an additional 457 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Progressive during the 4th quarter worth about $269,000. Bison Wealth LLC boosted its position in shares of Progressive by 3.2% during the 4th quarter. Bison Wealth LLC now owns 2,568 shares of the insurance provider’s stock worth $615,000 after acquiring an additional 80 shares in the last quarter. Greenleaf Trust raised its position in shares of Progressive by 2.9% during the 1st quarter. Greenleaf Trust now owns 12,485 shares of the insurance provider’s stock worth $3,533,000 after acquiring an additional 347 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in Progressive by 8.7% during the first quarter. Linden Thomas Advisory Services LLC now owns 4,284 shares of the insurance provider’s stock worth $1,212,000 after purchasing an additional 344 shares during the last quarter. Hedge funds and other institutional investors own 85.34% of the company’s stock.

Insiders Place Their Bets

In other news, insider John Jo Murphy sold 2,218 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $250.78, for a total transaction of $556,230.04. Following the completion of the transaction, the insider directly owned 45,724 shares in the company, valued at approximately $11,466,664.72. This represents a 4.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Susan Patricia Griffith sold 30,659 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $246.06, for a total transaction of $7,543,953.54. Following the completion of the sale, the chief executive officer owned 476,286 shares in the company, valued at approximately $117,194,933.16. This trade represents a 6.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 58,500 shares of company stock worth $14,430,089. Corporate insiders own 0.34% 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.