Q1 Earnings Estimate for Progressive Issued By William Blair

The Progressive Co. (NYSE:PGR) – William Blair upped their Q1 2025 EPS estimates for Progressive in a report issued on Wednesday, February 19th. William Blair analyst A. Klauber now expects that the insurance provider will post earnings of $4.43 per share for the quarter, up from their previous forecast of $3.98. The consensus estimate for Progressive’s current full-year earnings is $14.68 per share. William Blair also issued estimates for Progressive’s Q2 2025 earnings at $3.25 EPS and Q3 2025 earnings at $3.43 EPS.

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

A number of other research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Progressive from $295.00 to $294.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. JPMorgan Chase & Co. boosted their target price on shares of Progressive from $251.00 to $256.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Barclays boosted their target price on shares of Progressive from $261.00 to $264.00 and gave the company an “equal weight” rating in a report on Tuesday, February 18th. TD Cowen boosted their target price on shares of Progressive from $197.00 to $237.00 and gave the company a “hold” rating in a report on Friday, November 8th. Finally, StockNews.com upgraded shares of Progressive from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $276.12.

Progressive Stock Down 0.6 %

Shares of Progressive stock opened at $265.99 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $246.89 and its two-hundred day simple moving average is $249.12. The company has a market cap of $155.82 billion, a P/E ratio of 18.47, a PEG ratio of 1.70 and a beta of 0.42. Progressive has a 12-month low of $186.94 and a 12-month high of $270.79.

Progressive Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 9th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.15%. The ex-dividend date was Friday, January 10th. Progressive’s dividend payout ratio is 2.78%.

Insider Buying and Selling

In other Progressive news, CFO John P. Sauerland sold 10,000 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $268.09, for a total transaction of $2,680,900.00. Following the completion of the sale, the chief financial officer now directly owns 292,958 shares of the company’s stock, valued at $78,539,110.22. This trade represents a 3.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lori A. Niederst sold 3,855 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $247.06, for a total transaction of $952,416.30. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,361 shares of company stock valued at $13,983,575. 0.34% of the stock is owned by corporate insiders.

Institutional Trading of Progressive

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Progressive during the fourth quarter valued at $1,843,045,000. GQG Partners LLC grew its stake in Progressive by 67.6% in the fourth quarter. GQG Partners LLC now owns 5,171,501 shares of the insurance provider’s stock valued at $1,239,143,000 after purchasing an additional 2,085,833 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Progressive in the fourth quarter valued at about $408,416,000. Geode Capital Management LLC grew its stake in Progressive by 13.2% in the third quarter. Geode Capital Management LLC now owns 14,425,792 shares of the insurance provider’s stock valued at $3,652,235,000 after purchasing an additional 1,682,213 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in Progressive by 34.3% in the fourth quarter. Capital Research Global Investors now owns 6,058,187 shares of the insurance provider’s stock valued at $1,451,602,000 after purchasing an additional 1,547,677 shares during the last quarter. 85.34% of the stock is currently owned by institutional investors.

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.