Q1 Earnings Forecast for Progressive Issued By William Blair

The Progressive Co. (NYSE:PGR) – Equities research analysts at William Blair lifted their Q1 2025 earnings per share (EPS) estimates for shares of Progressive in a report issued on Wednesday, March 19th. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings of $4.91 per share for the quarter, up from their previous estimate of $4.43. The consensus estimate for Progressive’s current full-year earnings is $14.68 per share.

Several other equities research analysts also recently issued reports on PGR. UBS Group raised their price target on Progressive from $275.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, March 14th. StockNews.com raised Progressive from a “hold” rating to a “buy” rating in a report on Saturday. Keefe, Bruyette & Woods upped their price target on Progressive from $294.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday. Morgan Stanley raised their price objective on shares of Progressive from $300.00 to $307.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, BMO Capital Markets dropped their target price on shares of Progressive from $273.00 to $267.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $281.06.

Progressive Stock Performance

Shares of PGR opened at $273.08 on Friday. The company has a market capitalization of $160.08 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.70 and a beta of 0.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.31 and a quick ratio of 0.30. Progressive has a one year low of $201.34 and a one year high of $292.99. The company’s fifty day moving average price is $261.96 and its 200 day moving average price is $255.01.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Webster Bank N. A. acquired a new stake in Progressive during the 4th quarter valued at $26,000. Hager Investment Management Services LLC bought a new stake in Progressive during the 4th quarter worth about $28,000. Atlantic Edge Private Wealth Management LLC increased its position in Progressive by 54.7% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 116 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 41 shares in the last quarter. Minot DeBlois Advisors LLC bought a new stake in shares of Progressive during the fourth quarter valued at approximately $28,000. Finally, Valley National Advisers Inc. increased its stake in shares of Progressive by 3,000.0% in the 4th quarter. Valley National Advisers Inc. now owns 124 shares of the insurance provider’s stock valued at $29,000 after buying an additional 120 shares during the period. Institutional investors own 85.34% of the company’s stock.

Insider Buying and Selling at Progressive

In related news, insider Andrew J. Quigg sold 681 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $242.10, for a total transaction of $164,870.10. Following the completion of the sale, the insider now owns 33,612 shares in the company, valued at $8,137,465.20. This trade represents a 1.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Susan Patricia Griffith sold 11,021 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $243.29, for a total transaction of $2,681,299.09. Following the completion of the transaction, the chief executive officer now owns 473,736 shares in the company, valued at approximately $115,255,231.44. This trade represents a 2.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,495 shares of company stock valued at $16,668,034. 0.34% of the stock is currently owned by corporate insiders.

Progressive Dividend Announcement

The firm also recently declared 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. This represents a $0.40 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date of this dividend is Thursday, April 3rd. Progressive’s dividend payout ratio is 2.78%.

Progressive Company Profile

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.