Progressive FY2026 EPS Forecast Boosted by DOWLING & PARTN

The Progressive Corporation (NYSE:PGR) – Investment analysts at DOWLING & PARTN raised their FY2026 earnings estimates for Progressive in a research report issued on Monday, August 24th. DOWLING & PARTN analyst D. Lukpanov now expects that the insurance provider will earn $18.25 per share for the year, up from their prior forecast of $18.00. The consensus estimate for Progressive’s current full-year earnings is $17.72 per share.

Progressive (NYSE:PGR) last announced its quarterly earnings data on Wednesday, July 15th. The insurance provider reported $5.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.64 by $1.03. The company had revenue of $23.61 billion during the quarter, compared to analyst estimates of $19.49 billion. Progressive had a net margin of 12.84% and a return on equity of 32.92%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $5.40 EPS.

PGR has been the topic of several other reports. HSBC increased their price objective on Progressive from $214.00 to $221.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Bank of America decreased their price objective on shares of Progressive from $313.00 to $308.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Morgan Stanley upgraded shares of Progressive from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $190.00 to $210.00 in a report on Friday, July 24th. William Blair reiterated a “market perform” rating on shares of Progressive in a research note on Wednesday, July 15th. Finally, Cantor Fitzgerald dropped their price target on Progressive from $220.00 to $200.00 and set a “neutral” rating on the stock in a research note on Monday, August 17th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $236.05.

Progressive Stock Down 1.0%

Progressive stock opened at $221.77 on Wednesday. Progressive has a 12 month low of $189.20 and a 12 month high of $249.83. The stock has a fifty day simple moving average of $216.29 and a two-hundred day simple moving average of $206.94. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.24. The firm has a market cap of $128.93 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 2.99 and a beta of 0.27.

Progressive Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, October 1st. Progressive’s payout ratio is 2.01%.

Insider Buying and Selling at Progressive

In other Progressive news, insider Karen Bailo sold 8,452 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $212.71, for a total value of $1,797,824.92. Following the transaction, the insider directly owned 32,348 shares in the company, valued at approximately $6,880,743.08. This trade represents a 20.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Broz sold 1,225 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $219.40, for a total transaction of $268,765.00. Following the sale, the insider directly owned 31,257 shares of the company’s stock, valued at approximately $6,857,785.80. The trade was a 3.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 83,449 shares of company stock valued at $17,685,203 in the last quarter. Insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Progressive

Several large investors have recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Progressive in the second quarter worth approximately $106,822,000. California State Teachers Retirement System increased its stake in Progressive by 23,059.4% in the 2nd quarter. California State Teachers Retirement System now owns 199,767,282 shares of the insurance provider’s stock worth $43,639,163,000 after buying an additional 198,904,705 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in Progressive by 23.2% during the second quarter. Ameritas Advisory Services LLC now owns 3,733 shares of the insurance provider’s stock valued at $815,000 after acquiring an additional 703 shares during the period. Wedmont Private Capital lifted its position in shares of Progressive by 72.9% in the second quarter. Wedmont Private Capital now owns 13,293 shares of the insurance provider’s stock valued at $3,067,000 after acquiring an additional 5,603 shares in the last quarter. Finally, Yarger Wealth Strategies LLC grew its position in shares of Progressive by 4.3% during the second quarter. Yarger Wealth Strategies LLC now owns 1,717 shares of the insurance provider’s stock worth $396,000 after purchasing an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 85.34% of the company’s stock.

Progressive Company Profile

Progressive Corporation is a large U.S.-based property and casualty insurer that primarily underwrites personal auto insurance along with a broad suite of related products. Its offerings include coverage for private passenger automobiles, commercial auto fleets, motorcycles, boats and recreational vehicles, as well as homeowners, renters, umbrella and other specialty P&C products. Progressive also provides claims handling, risk management and related services to individual and commercial policyholders.

The company distributes its products through a mix of direct channels—online and by phone—and an extensive independent agent network.