Progressive Option Alert: Sep 19 $330 Puts Sweep (4) near the Ask: 75 vs 75 OI

Progressive Option Alert: Sep 19 $330 Puts Sweep (4) near the Ask: 75 @ $83.0 vs 75 OI; Ref=$246.8

Progressive (NYSE:PGR) Stock

PROGRESSIVE CORP

Progressive

Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 24 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.

Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) has outperformed the market over the past 15 years by 6.01% on an annualized basis producing an average annual return of 18.26%. Currently, Progressive has a market capitalization of $143.62 billion. 
Buying $100 In PGR: If an investor had bought $100 of PGR stock 15 years ago, it would be worth $1,216.54 today based on a price of $245.00 for PGR at the time of writing.
<h3>Progressive's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1753200015_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Trading Ideas

Here's How Much You Would Have Made Owning Progressive Stock In The Last 15 Years

UBS analyst Brian Meredith maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Neutral and lowers the price target from $280 to $268.

Price Target

Analyst Ratings

UBS Maintains Neutral on Progressive, Lowers Price Target to $268

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Jefferies raised Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) price target from $143 to $145. Jefferies analyst Matthew Taylor upgraded the stock from Hold to Buy. Abbott shares closed at $120.51 on Thursday. S<a href="https://www.benzinga.com/quote/abt/analyst-ratings">ee how other analysts view this stock</a>.</li>
<li>Morgan Stanley cut the price target for The Progressive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) from $280 to $275. Morgan Stanley analyst Bob Huang maintained an Equal-Weight rating. Progressive shares closed at $247.27 on Thursday. <a href="https://www.benzinga.com/quote/pgr/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised Snap-on Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) price target from $265 to $285. B of A Securities analyst Elizabeth Suzuki maintained an Underperform rating. Snap-on shares closed at $337.80 on Thursday. <a href="https://www.benzinga.com/quote/sna/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted the price target for Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) from $227 to $230. Baird analyst Andrew Wittmann maintained a Neutral rating. Cintas shares closed at $221.92 on Thursday. <a href="https://www.benzinga.com/quote/ctas/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley boosted the price target for Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) from $1,450 to $1,500. Morgan Stanley analyst Benjamin Swinburne maintained an Overweight rating. Netflix shares closed at $1,274.17 on Thursday. <a href="https://www.benzinga.com/quote/nflx/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keefe, Bruyette &amp; Woods raised Webster Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) price target from $65 to $68. Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty maintained an Outperform rating. Webster Financial shares settled at $60.05 on Thursday. <a href="https://www.benzinga.com/quote/wbs/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group increased Amphenol Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) price target from $105 to $110. Evercore ISI Group analyst Amit Daryanani maintained an Outperform rating. Amphenol shares closed at $101.96 on Thursday. <a href="https://www.benzinga.com/quote/aph/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) price target from $515 to $585. B of A Securities analyst Brad Sills maintained a Buy rating. Microsoft shares closed at $511.70 on Thursday.  <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital raised the price target for International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) from $260 to $300. BMO Capital analyst Keith Bachman maintained a Market Perform rating. IBM shares settled at $282.00 on Thursday. <a href="https://www.benzinga.com/quote/ibm/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities increased Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) price target from $200 to $210. B of A Securities analyst Justin Post maintained a Buy rating. Alphabet shares closed at $183.58 on Thursday. <a href="https://www.benzinga.com/quote/googl/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying MSFT stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="584" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/18080328/image-252-1024x584.png" alt="" class="wp-image-991416" style="width:547px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/18080328/image-252-1024x584.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/18080328/image-252-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/18080328/image-252-768x438.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/18080328/image-252.png 1117w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Photo via Shutterstock

Pre-Market Outlook

Markets

CTAS

GOOGL

MSFT

NFLX

Microsoft To Rally More Than 14%? Here Are 10 Top Analyst Forecasts For Friday

Morgan Stanley analyst Bob Huang maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Equal-Weight and lowers the price target from $280 to $275.

Morgan Stanley Maintains Equal-Weight on Progressive, Lowers Price Target to $275

BMO Capital analyst Michael Zaremski maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Outperform and lowers the price target from $288 to $281.

BMO Capital Maintains Outperform on Progressive, Lowers Price Target to $281

The Progressive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) reported mixed results for the second <a href="https://www.benzinga.com/quote/PGR/earnings">quarter on Wednesday</a>.
The company posted quarterly earnings of $4.88 per share which beat the analyst consensus estimate of $4.29 per share. The company reported quarterly sales of $20.310 billion which missed the analyst consensus estimate of $20.550 billion.
Progressive shares fell 0.3% to trade at $245.74 on Thursday.
These analysts made changes to their price targets on Progressive following earnings announcement.
<ul class="wp-block-list">
<li>B of A Securities analyst Joshua Shanker maintained Progressive with a Buy and lowered the price target from $337 to $336.</li>
<li>Keefe, Bruyette &amp; Woods analyst Meyer Shields maintained the stock with a Market Perform and lowered the price target from $290 to $268.</li>
<li>Evercore ISI Group analyst David Motemaden downgraded Progressive from Outperform to In-Line and announced a $275 price target.</li>
</ul>
Considering buying PGR stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/PGR/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="587" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17094728/image-228-1024x587.png" alt="" class="wp-image-989834" style="width:619px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17094728/image-228-1024x587.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17094728/image-228-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17094728/image-228-768x440.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17094728/image-228.png 1117w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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</ul>
Photo via Shutterstock

Earnings

These Analysts Slash Their Forecasts On Progressive After Q2 Results

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Piper Sandler raised Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) price target from $48 to $50. Piper Sandler analyst Mark Lear maintained a Neutral rating. Occidental Petroleum shares closed at $45.35 on Wednesday. <a href="https://www.benzinga.com/quote/OXY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JMP Securities cut the price target for MFA Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFA#NYSE">MFA</a>) from $12 to $11. JMP Securities analyst Mikhail Goberman maintained a Market Outperform rating. MFA Financial shares closed at $9.32 on Wednesday. <a href="https://www.benzinga.com/quote/MFA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel raised Monarch Casino &amp; Resort, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) price target from $81 to $92. Stifel analyst Jeffrey Stantial maintained a Hold rating. Monarch Casino &amp; Resort shares closed at $87.36 on Wednesday. <a href="https://www.benzinga.com/quote/MCRI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities boosted the price target for Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) from $58 to $72. Truist Securities analyst Matthew Coad maintained a Buy rating. Affirm shares closed at $67.21 on Wednesday. <a href="https://www.benzinga.com/quote/AFRM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer boosted the price target for Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) from $395 to $483. Oppenheimer analyst Kristen Owen maintained an Outperform rating. Caterpillar shares closed at $412.88 on Wednesday. <a href="https://www.benzinga.com/quote/CAT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley raised The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) price target from $200 to $235. Morgan Stanley analyst Kristine Liwag maintained an Equal-Weight rating. Boeing shares settled at $229.90 on Wednesday. <a href="https://www.benzinga.com/quote/BA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Bernstein increased Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) price target from $1,200 to $1,390. Bernstein analyst Laurent Yoon maintained an Outperform rating. Netflix shares closed at $1,250.31 on Wednesday. <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised Norfolk Southern Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) price target from $290 to $305. B of A Securities analyst Ken Hoexter maintained a Buy rating. Norfolk Southern shares closed at $260.32 on Wednesday.  <a href="https://www.benzinga.com/quote/NSC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird cut the price target for Copart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) from $64 to $55. Baird analyst Craig Kennison maintained an Outperform rating. Copart shares settled at $45.98 on Wednesday. <a href="https://www.benzinga.com/quote/CPRT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities cut The Progressive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) price target from $337 to $336. B of A Securities analyst Joshua Shanker maintained a Buy rating. Progressive shares closed at $246.46 on Tuesday. <a href="https://www.benzinga.com/quote/PGR/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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AFRM

CPRT

MCRI

Netflix To Rally More Than 11%? Here Are 10 Top Analyst Forecasts For Thursday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Baird analyst Ghansham Panjabi downgraded Crown Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCK#NYSE">CCK</a>) from Outperform to Neutral and announced a $105 price target. Crown Holdings shares closed at $106.37 on Wednesday. <a href="https://www.benzinga.com/quote/cck/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital analyst Ameet Thakkar downgraded Quanta Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) from Outperform to Market Perform and raised the price target from $352 to $400. Quanta Services shares closed at $389.12 on Wednesday. <a href="https://www.benzinga.com/quote/pwr/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group analyst David Motemaden downgraded the rating for The Progressive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) from Outperform to In-Line and announced a $275 price target. Progressive shares closed at $246.46 on Wednesday. <a href="https://www.benzinga.com/quote/pgr/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Andy Barish downgraded the rating for Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) from Hold to Underperform and maintained the price target of $76. Starbucks shares closed at $92.51 on Wednesday. <a href="https://www.benzinga.com/quote/sbux/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Samik Chatterjee downgraded Teradyne, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) from Overweight to Neutral but raised the price target from $88 to $102. Teradyne shares closed at $91.98 on Wednesday. <a href="https://www.benzinga.com/quote/ter/analyst-ratings">See how other analysts view this stock.</a></li>
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Considering buying SBUX stock? Here&#8217;s what analysts think: 
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Downgrades

SBUX

This Starbucks Analyst Turns Bearish; Here Are Top 5 Downgrades For Thursday

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Market Perform and lowers the price target from $290 to $268.

Keefe, Bruyette & Woods Maintains Market Perform on Progressive, Lowers Price Target to $268

Evercore ISI Group analyst David Motemaden downgrades Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) from Outperform to In-Line and announces $275 price target.

Evercore ISI Group Downgrades Progressive to In-Line, Announces $275 Price Target

B of A Securities analyst Joshua Shanker maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Buy and lowers the price target from $337 to $336.

B of A Securities Maintains Buy on Progressive, Lowers Price Target to $336

Volatility surged across interest rate-sensitive assets Wednesday after reports circulated that President Donald Trump may be preparing to remove Federal Reserve Chair Jerome <a href="https://www.benzinga.com/markets/economic-data/25/07/46430675/trump-powell-june-inflation-fed-rate-cuts">Powell from his post.</a> The rumors sparked fears over the Fed's independence, triggering a broad flight to gold and a sell-off in the U.S. dollar.
While Wall Street was mostly flat during midday trading in New York, traders were on edge, digesting the potential implications of a leadership shake-up at the central bank. Speculators are already positioning for a more dovish monetary path, anticipating that Powell&#8217;s possible ouster could accelerate future interest rate cuts.
Gold prices jumped sharply, soaring from $3,325 to over $3,377 per ounce within minutes before paring gains to around $3,350.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallied 1.2% to $119,000, benefiting from dollar weakness and renewed demand for decentralized assets.
The U.S. dollar index fell 0.3%, on track to snap a four-day winning streak. At the same time, Treasury yields edged slightly lower as bond traders priced in increased political and monetary policy uncertainty.
Economic data released Wednesday added fuel to the rate-cut narrative. The <a href="https://www.benzinga.com/markets/economic-data/25/07/46440481/producer-prices-rise-less-than-expected-inflation">Producer Price Index was flat in June</a>, down from a 0.3% gain in May and below the 0.2% consensus forecast. On a year-over-year basis, producer prices rose 2.3%, the slowest pace since September 2024 and softer than the 2.5% economists had expected.
Core PPI, which excludes volatile food and energy prices, was also unchanged in June. The annual rate dropped to 2.6% from a revised 3.2% in May, falling short of the 2.7% consensus.
<h2 class="wp-block-heading">Wednesday&#8217;s Performance In Major U.S. Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,212.86</td>
<td>+0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,089.92</td>
<td>+0.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,246.61</td>
<td>+0.0%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>22,845.74</td>
<td>-0.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:44 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) flattened at $571.60.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.1% up to $440.42.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;dropped 0.3% to $555.24.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.2% to $219.37.</li>
<li>The&nbsp;Health Care&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) outperformed, up 1%; the&nbsp;Materials&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) lagged, down 0.8%.</li>
</ul>
<h2 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h2>
<ul class="wp-block-list">
<li>Shares of major banks were mixed despite beating earnings expectations, with Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) finishing flat, Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) slipping 1.4% and Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) falling 2.8%.</li>
<li>Other stocks reacting to earnings report included Progressive Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) up 1.55%, Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) up 6.7%, Prologis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) up 1.9% and Kinder Morgan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) up 0.4%.</li>
<li>Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) surged 13% after Jefferies raised its price target to $35 from $29.</li>
</ul>
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<li><a href="https://www.benzinga.com/real-estate/25/07/46448654/real-estate-stocks-sp500-interest-rates">Cheaper Than 2008—Is This Wall Street&#8217;s Forgotten Sector A Screaming &#8216;Buy&#8217;?</a></li>
</ul>
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Gold, Bitcoin Surge As Trump Eyes Powell Ouster: What's Moving Markets Wednesday?

Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) reported quarterly earnings of $4.88 per share which beat the analyst consensus estimate of $4.29 by 13.65 percent. This is a 84.15 percent increase over earnings of $2.65 per share from the same period last year. The company reported quarterly sales of $20.310 billion which missed the analyst consensus estimate of $20.550 billion by 1.17 percent. This is a 18.01 percent increase over sales of $17.210 billion the same period last year.

Earnings Beats

Earnings Misses

Progressive Q2 Adj. EPS $4.88 Beats $4.29 Estimate, Sales $20.310B Miss $20.550B Estimate

<h3>Companies Reporting Before The Bell</h3>
• Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) is projected to report quarterly earnings at $1.41 per share on revenue of $2.02 billion. 
• ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) is likely to report quarterly earnings at $5.94 per share on revenue of $8.55 billion. 
• M&amp;T Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) is projected to report quarterly earnings at $4.02 per share on revenue of $2.39 billion. 
• Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) is likely to report quarterly earnings at $2.67 per share on revenue of $22.83 billion. 
• Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) is likely to report quarterly earnings at $0.87 per share on revenue of $26.70 billion. 
• Goldman Sachs Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) is likely to report quarterly earnings at $9.58 per share on revenue of $13.52 billion. 
• First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $830.86 million. 
• Marten Transport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRTN#NASDAQ">MRTN</a>) is projected to report quarterly earnings at $0.09 per share on revenue of $230.26 million. 
• PNC Financial Services Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) is projected to report quarterly earnings at $3.54 per share on revenue of $5.61 billion. 
• Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) is projected to report quarterly earnings at $4.29 per share on revenue of $20.82 billion. 
• Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) is expected to report quarterly earnings at $1.98 per share on revenue of $15.99 billion. 
• Commerce Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBSH#NASDAQ">CBSH</a>) is estimated to report quarterly earnings at $1.03 per share on revenue of $433.27 million. 
<h3>Companies Reporting After The Bell</h3>
• SL Green Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) is likely to report quarterly earnings at $1.37 per share on revenue of $162.42 million. 
• Rexford Industrial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REXR#NYSE">REXR</a>) is estimated to report quarterly earnings at $0.58 per share on revenue of $248.92 million. 
• First Industrial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FR#NYSE">FR</a>) is likely to report quarterly earnings at $0.72 per share on revenue of $176.41 million. 
• United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) is likely to report quarterly earnings at $3.87 per share on revenue of $15.34 billion. 
• Triumph Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TFIN#NASDAQ">TFIN</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $105.08 million. 
• South Plains Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPFI#NASDAQ">SPFI</a>) is projected to report quarterly earnings at $0.77 per share on revenue of $51.89 million. 
• Synovus Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) is likely to report quarterly earnings at $1.25 per share on revenue of $585.13 million. 
• Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) is likely to report quarterly earnings at $1.19 per share on revenue of $130.00 million. 
• Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $3.80 billion. 
• Home BancShares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOMB#NYSE">HOMB</a>) is projected to report quarterly earnings at $0.57 per share on revenue of $261.79 million. 
• Great Southern Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSBC#NASDAQ">GSBC</a>) is likely to report quarterly earnings at $1.35 per share on revenue of $56.04 million. 
• Banner (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BANR#NASDAQ">BANR</a>) is projected to report quarterly earnings at $1.31 per share on revenue of $165.66 million. 
• AAR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) is projected to report quarterly earnings at $1.00 per share on revenue of $693.89 million. 
• Alcoa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) is expected to report quarterly earnings at $0.43 per share on revenue of $2.94 billion. 
• Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) is likely to report earnings for its second quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ASML

BANR

CBSH

GSBC

HOMB

MMLP

MRTN

REXR

SPFI

TFIN

Earnings Scheduled For July 16, 2025

Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) is gearing up to announce its quarterly earnings on Wednesday, 2025-07-16. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Progressive will report an earnings per share (EPS) of $4.29.
Investors in Progressive are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Historical Earnings Performance</h3>
During the last quarter, the company reported an EPS missed by $0.15, leading to a 3.52% drop in the share price on the subsequent day.
Here's a look at Progressive's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>4.81</td>
<td>3.56</td>
<td>3.61</td>
<td>2</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>4.66</td>
<td>4.08</td>
<td>3.58</td>
<td>2.65</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-4.0%</td>
<td>1.0%</td>
<td>1.0%</td>
<td>5.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1752588075_0.png" alt="eps graph" />
<h3>Progressive Share Price Analysis</h3>
Shares of Progressive were trading at $247.37 as of July 14. Over the last 52-week period, shares are up 10.29%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/PGR/earnings">To track all earnings releases for Progressive visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Progressive's Earnings

Progressive's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) short percent of float has fallen 3.7% since its last report. The company recently reported that it has 6.06 million shares sold short, which is 1.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.22 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Progressive Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752588018_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Progressive has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Progressive's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Progressive's peer group average for short interest as a percentage of float is 2.91%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Progressive's Recent Short Interest

Morgan Stanley analyst Bob Huang maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Equal-Weight and lowers the price target from $290 to $280.

Morgan Stanley Maintains Equal-Weight on Progressive, Lowers Price Target to $280

The Progressive Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) will release earnings results for the second quarter, <a href="https://www.benzinga.com/quote/PGR/earnings">before the opening bell on Wednesday, July 16.</a>
Analysts expect the Mayfield Village, Ohio-based company to report quarterly earnings at $4.29 per share, up from $2.65 per share in the year-ago period. Progressive projects to report quarterly revenue at $20.36 billion, compared to $17.9 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On April 16, Progressive posted weaker-than-expected results for the first quarter.
Progressive shares fell 0.5% to close at $250.41 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/WBA/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Keefe, Bruyette &amp; Woods analyst Meyer Shields maintained a Market Perform rating and raised the price target from $288 to $290 on July 9, 2025. This analyst has an accuracy rate of 75%.</li>
<li>UBS analyst Brian Meredith maintained a Neutral rating and cut the price target from $291 to $280 on July 9, 2025. This analyst has an accuracy rate of 75%.</li>
<li>Barclays analyst Alex Scott maintained an Equal-Weight rating and slashed the price target from $297 to $287 on July 7, 2025. This analyst has an accuracy rate of 66%.</li>
<li>Wells Fargo analyst Elyse Greenspan maintained an Overweight rating and raised the price target from $328 to $333 on June 20, 2025. This analyst has an accuracy rate of 73%.</li>
<li>BMO Capital analyst Michael Zaremski maintained an Outperform rating and boosted the price target from $282 to $288 on April 17, 2025. This analyst has an accuracy rate of 69%.</li>
</ul>
Considering buying PGR stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="572" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10034258/image-108-1024x572.png" alt="" class="wp-image-979543" style="width:587px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10034258/image-108-1024x572.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10034258/image-108-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10034258/image-108-768x429.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10034258/image-108.png 1123w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next:<a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46316741/top-3-risk-off-stocks-that-may-rocket-higher-in-q3"> </a>
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46316741/top-3-risk-off-stocks-that-may-rocket-higher-in-q3">Top 3 Risk Off Stocks That May Rocket Higher In Q3</a> </li>
</ul>
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Progressive Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Market Perform and raises the price target from $288 to $290.

Keefe, Bruyette & Woods Maintains Market Perform on Progressive, Raises Price Target to $290

UBS analyst Brian Meredith maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Neutral and lowers the price target from $291 to $280.

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