Progressive (PGR) to Post Earnings on Wednesday

Progressive (NYSE:PGR) will likely be posting its Q2 2026 results before the market opens on Wednesday, July 15th. Analysts expect the company to post earnings of $4.56 per share and revenue of $21.5336 billion for the quarter. Interested persons may visit the the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Wednesday, July 15, 2026 at 12:30 PM ET.

Progressive (NYSE:PGR) last announced its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share for the quarter, beating analysts’ consensus estimates of $4.67 by $0.13. The business had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $23.51 billion. Progressive had a return on equity of 33.47% and a net margin of 12.92%.The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $4.37 earnings per share. On average, analysts expect Progressive to post $17 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Progressive Trading Up 1.2%

NYSE:PGR opened at $234.45 on Wednesday. Progressive has a 52-week low of $189.20 and a 52-week high of $254.93. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $205.17 and a 200-day simple moving average of $206.65. The company has a market capitalization of $137.00 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 4.43 and a beta of 0.26.

Progressive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, July 2nd. Progressive’s dividend payout ratio (DPR) is 2.03%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PGR shares. Wells Fargo & Company lowered Progressive from an “equal weight” rating to an “underweight” rating and set a $205.00 target price on the stock. in a research note on Monday, June 29th. Bank of America dropped their price target on Progressive from $331.00 to $313.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. HSBC upped their price objective on Progressive from $214.00 to $221.00 and gave the company a “hold” rating in a research report on Monday. BMO Capital Markets reaffirmed a “market perform” rating and set a $220.00 price objective on shares of Progressive in a research note on Wednesday, May 20th. Finally, Keefe, Bruyette & Woods lifted their price objective on Progressive from $208.00 to $210.00 and gave the stock a “market perform” rating in a research report on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $235.37.

Insiders Place Their Bets

In other news, Director Jeffrey D. Kelly sold 7,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $216.33, for a total transaction of $1,514,310.00. Following the sale, the director owned 22,546 shares in the company, valued at $4,877,376.18. This trade represents a 23.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Steven Broz sold 1,157 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $204.76, for a total value of $236,907.32. Following the completion of the transaction, the insider owned 27,511 shares of the company’s stock, valued at $5,633,152.36. The trade was a 4.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 15,230 shares of company stock valued at $3,165,817 in the last quarter. 0.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Wellington Management Group LLP boosted its position in shares of Progressive by 181.8% in the fourth quarter. Wellington Management Group LLP now owns 6,506,302 shares of the insurance provider’s stock worth $1,481,615,000 after acquiring an additional 4,197,212 shares during the last quarter. Viking Global Investors LP purchased a new position in Progressive during the fourth quarter worth approximately $303,218,000. GQG Partners LLC raised its stake in Progressive by 11.7% during the fourth quarter. GQG Partners LLC now owns 10,432,549 shares of the insurance provider’s stock worth $2,375,706,000 after purchasing an additional 1,092,151 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Progressive by 55.7% in the 4th quarter. AQR Capital Management LLC now owns 1,909,426 shares of the insurance provider’s stock valued at $434,815,000 after purchasing an additional 683,160 shares during the last quarter. Finally, Bank of Nova Scotia grew its stake in shares of Progressive by 92.8% during the 4th quarter. Bank of Nova Scotia now owns 1,267,396 shares of the insurance provider’s stock valued at $288,609,000 after buying an additional 610,168 shares during the period. 85.34% of the stock is currently owned by hedge funds and other institutional investors.

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.