DOWLING & PARTN Weighs in on Progressive FY2026 Earnings

The Progressive Corporation (NYSE:PGR) – Research analysts at DOWLING & PARTN issued their FY2026 EPS estimates for Progressive in a research note issued to investors on Wednesday, May 20th. DOWLING & PARTN analyst D. Lukpanov expects that the insurance provider will post earnings of $16.50 per share for the year. The consensus estimate for Progressive’s current full-year earnings is $16.36 per share. DOWLING & PARTN also issued estimates for Progressive’s FY2027 earnings at $15.50 EPS.

A number of other analysts have also recently weighed in on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $225.00 price objective on shares of Progressive in a research note on Monday, February 23rd. Citigroup reduced their price objective on shares of Progressive from $300.60 to $261.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Zacks Research upgraded shares of Progressive from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Royal Bank Of Canada set a $208.00 price objective on shares of Progressive in a research note on Friday, May 22nd. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $220.00 target price on shares of Progressive in a research note on Wednesday, May 20th. Six analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Progressive has an average rating of “Hold” and a consensus target price of $238.11.

Progressive Price Performance

Shares of Progressive stock opened at $197.00 on Thursday. The firm has a fifty day simple moving average of $200.07 and a 200-day simple moving average of $210.03. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.26. Progressive has a 1-year low of $191.75 and a 1-year high of $289.96. The stock has a market capitalization of $115.12 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 7.28 and a beta of 0.31.

Progressive (NYSE:PGR) last issued its quarterly earnings data on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share for the quarter, topping analysts’ consensus estimates of $4.67 by $0.13. Progressive had a net margin of 12.92% and a return on equity of 33.47%. The business had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $23.51 billion. During the same period in the previous year, the company earned $4.37 earnings per share. Progressive’s revenue for the quarter was up 6.5% on a year-over-year basis.

Progressive Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Thursday, July 2nd will be paid 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, July 2nd. Progressive’s dividend payout ratio is presently 2.03%.

Insider Buying and Selling at Progressive

In related news, insider Karen Bailo sold 3,517 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $212.00, for a total transaction of $745,604.00. Following the completion of the transaction, the insider directly owned 32,348 shares in the company, valued at $6,857,776. This represents a 9.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Carl G. Joyce sold 270 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $206.50, for a total transaction of $55,755.00. Following the transaction, the chief accounting officer owned 558 shares of the company’s stock, valued at approximately $115,227. The trade was a 32.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,928 shares of company stock valued at $831,251. Corporate insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Progressive

Institutional investors and hedge funds have recently bought and sold shares of the business. Bard Associates Inc. bought a new stake in Progressive in the 4th quarter valued at $27,000. Dagco Inc. bought a new stake in Progressive in the 4th quarter valued at $28,000. Bogart Wealth LLC increased its holdings in Progressive by 235.1% in the 1st quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider’s stock valued at $25,000 after buying an additional 87 shares during the period. Ameriflex Group Inc. increased its holdings in Progressive by 106.6% in the 3rd quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock valued at $31,000 after buying an additional 65 shares during the period. Finally, IFC & Insurance Marketing Inc. bought a new stake in Progressive in the 4th quarter valued at $29,000. Institutional investors own 85.34% of the company’s stock.

About Progressive

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.