William Blair Increases Earnings Estimates for Progressive

The Progressive Co. (NYSE:PGR) – Research analysts at William Blair lifted their FY2025 earnings per share estimates for shares of Progressive in a report issued on Wednesday, February 19th. William Blair analyst A. Klauber now forecasts that the insurance provider will earn $15.66 per share for the year, up from their previous estimate of $15.24. The consensus estimate for Progressive’s current full-year earnings is $14.50 per share. William Blair also issued estimates for Progressive’s Q4 2025 earnings at $4.55 EPS.

Several other equities analysts also recently issued reports on the company. Keefe, Bruyette & Woods cut their target price on Progressive from $295.00 to $294.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Evercore ISI upped their target price on Progressive from $277.00 to $285.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. BMO Capital Markets cut their target price on Progressive from $273.00 to $267.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. increased their price target on Progressive from $251.00 to $256.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Finally, Raymond James raised Progressive from a “market perform” rating to an “outperform” rating and set a $305.00 price target on the stock in a research report on Thursday, December 26th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Progressive currently has a consensus rating of “Moderate Buy” and a consensus target price of $276.12.

Progressive Price Performance

NYSE PGR opened at $265.99 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.31 and a quick ratio of 0.30. The stock’s fifty day moving average price is $246.89 and its 200 day moving average price is $248.87. Progressive has a 1 year low of $186.94 and a 1 year high of $270.79. The company has a market cap of $155.82 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 0.68 and a beta of 0.42.

Progressive (NYSE:PGR) last released its earnings results on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share (EPS) 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%.

Progressive Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date was Friday, January 10th. Progressive’s dividend payout ratio (DPR) is presently 2.78%.

Insider Activity

In related news, insider Lori A. Niederst sold 3,855 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $247.06, for a total value of $952,416.30. Following the transaction, the insider now directly owns 39,040 shares of the company’s stock, valued at approximately $9,645,222.40. This trade represents a 8.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey D. Kelly sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $250.00, for a total transaction of $2,500,000.00. Following the completion of the transaction, the director now directly owns 27,741 shares in the company, valued at $6,935,250. This represents a 26.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,361 shares of company stock worth $13,983,575 in the last ninety days. Company insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PGR. Norges Bank purchased a new position in Progressive in the 4th quarter valued at about $1,843,045,000. GQG Partners LLC lifted its stake in Progressive by 67.6% in the 4th quarter. GQG Partners LLC now owns 5,171,501 shares of the insurance provider’s stock valued at $1,239,143,000 after buying an additional 2,085,833 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Progressive in the 4th quarter worth approximately $408,416,000. Geode Capital Management LLC lifted its stake in Progressive by 13.2% in the 3rd quarter. Geode Capital Management LLC now owns 14,425,792 shares of the insurance provider’s stock worth $3,652,235,000 after purchasing an additional 1,682,213 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in Progressive by 34.3% in the 4th quarter. Capital Research Global Investors now owns 6,058,187 shares of the insurance provider’s stock worth $1,451,602,000 after purchasing an additional 1,547,677 shares in the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors.

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.