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Stuart B. Burgdoerfer, a director at Progressive Corp (NYSE:PGR), a prominent insurance company with a market capitalization of $155 billion, sold 3,681 shares of common stock on June 20, 2025, at a price of $260.43, for a total value of $958642. According to InvestingPro data, Progressive maintains strong financial health with a "GREAT" overall rating.
Following the transaction, Burgdoerfer directly owns 12,217 shares of Progressive Corp. Additionally, the report indicates that Burgdoerfer indirectly owns 11 shares through a spouse. Trading at a P/E ratio of 17.8x, Progressive shows strong fundamentals with consistent profitability. InvestingPro subscribers can access comprehensive insider trading analysis along with 11 additional key insights about Progressive’s financial outlook.
In other recent news, Progressive Corp. reported a remarkable 353% surge in net income for May 2025, reaching $1.07 billion compared to $235 million in the previous year. Earnings per share for the month stood at $1.81, significantly surpassing Barclays (LON:BARC)’ estimate of $1.22, primarily due to strong underwriting results and expense discipline. Net premiums written increased by 11%, while net premiums earned grew by 15%. The company’s combined ratio improved to 86.9 from 100.4 a year earlier, indicating enhanced profitability.
Analysts at Keefe, Bruyette & Woods have raised their earnings per share estimates for Progressive for 2025 and 2026, citing factors such as faster investment income growth and lower expense ratios. They maintained a Market Perform rating with a price target of $288. Meanwhile, Raymond (NSE:RYMD) James reiterated an Outperform rating with a $305 price target, expressing confidence in Progressive’s ability to sustain a favorable combined ratio. Barclays maintained an Equalweight rating with a $297 price target, acknowledging the company’s better-than-expected earnings performance. These developments highlight Progressive’s strong financial performance and the positive outlook from multiple analyst firms.
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