Q2 Earnings Forecast for Progressive Issued By William Blair

The Progressive Co. (NYSE:PGR) – Research analysts at William Blair cut their Q2 2025 earnings per share (EPS) estimates for shares of Progressive in a research report issued on Wednesday, March 19th. William Blair analyst A. Klauber now forecasts that the insurance provider will post earnings of $3.24 per share for the quarter, down from their previous forecast of $3.25. The consensus estimate for Progressive’s current full-year earnings is $14.68 per share. William Blair also issued estimates for Progressive’s Q3 2025 earnings at $3.42 EPS, Q4 2025 earnings at $4.50 EPS and FY2025 earnings at $16.07 EPS.

Progressive (NYSE:PGR) last released its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.64. Progressive had a return on equity of 33.79% and a net margin of 11.25%.

Other research analysts have also issued research reports about the company. Keefe, Bruyette & Woods boosted their price target on Progressive from $294.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday. UBS Group boosted their price target on Progressive from $275.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, March 14th. Barclays boosted their price target on Progressive from $264.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 13th. Roth Mkm boosted their price target on Progressive from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, Raymond James raised Progressive from a “market perform” rating to an “outperform” rating and set a $305.00 target price on the stock in a report on Thursday, December 26th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Progressive has a consensus rating of “Moderate Buy” and an average target price of $281.06.

Progressive Stock Up 0.4 %

Shares of Progressive stock opened at $274.52 on Thursday. The business’s 50 day simple moving average is $261.21 and its 200 day simple moving average is $254.84. Progressive has a 52-week low of $201.34 and a 52-week high of $292.99. The firm has a market cap of $160.92 billion, a PE ratio of 19.06, a P/E/G ratio of 1.70 and a beta of 0.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.30 and a current ratio of 0.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. 111 Capital bought a new position in shares of Progressive in the fourth quarter worth about $4,134,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Progressive by 36.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 175,853 shares of the insurance provider’s stock worth $42,136,000 after acquiring an additional 46,915 shares during the last quarter. TFR Capital LLC. bought a new position in shares of Progressive in the fourth quarter worth about $1,712,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Progressive in the fourth quarter worth about $118,434,000. Finally, Employees Retirement System of Texas lifted its holdings in shares of Progressive by 112.0% in the fourth quarter. Employees Retirement System of Texas now owns 34,541 shares of the insurance provider’s stock worth $8,276,000 after acquiring an additional 18,250 shares during the last quarter. Institutional investors own 85.34% of the company’s stock.

Insider Buying and Selling at Progressive

In other news, CEO Susan Patricia Griffith sold 9,066 shares of Progressive stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $242.10, for a total value of $2,194,878.60. Following the transaction, the chief executive officer now owns 473,736 shares in the company, valued at approximately $114,691,485.60. This trade represents a 1.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Mariann Wojtkun Marshall sold 191 shares of Progressive stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $242.10, for a total value of $46,241.10. Following the completion of the transaction, the chief accounting officer now owns 3,982 shares in the company, valued at approximately $964,042.20. The trade was a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,495 shares of company stock valued at $16,668,034 in the last three months. Corporate insiders own 0.34% of the company’s stock.

Progressive Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.15%. Progressive’s dividend payout ratio (DPR) is presently 2.78%.

About Progressive

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.