Q1 Earnings Estimate for Progressive Issued By William Blair

The Progressive Co. (NYSE:PGR) – Equities research analysts at William Blair increased their Q1 2025 earnings per share (EPS) estimates for shares of Progressive in a report issued on Wednesday, January 29th. William Blair analyst A. Klauber now anticipates that the insurance provider will earn $3.98 per share for the quarter, up from their previous forecast of $3.94. The consensus estimate for Progressive’s current full-year earnings is $13.51 per share. William Blair also issued estimates for Progressive’s Q2 2025 earnings at $3.26 EPS, Q3 2025 earnings at $3.44 EPS and Q4 2025 earnings at $4.56 EPS.

Progressive (NYSE:PGR) last posted its earnings results on Wednesday, January 29th. The insurance provider reported $4.08 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.64. Progressive had a net margin of 11.27% and a return on equity of 33.10%.

A number of other brokerages have also recently commented on PGR. Hsbc Global Res cut Progressive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Morgan Stanley cut their price target on Progressive from $310.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. TD Cowen boosted their price target on Progressive from $197.00 to $237.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Bank of America raised their price objective on shares of Progressive from $331.00 to $335.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, Raymond James raised shares of 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. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $274.65.

Progressive Stock Performance

Shares of Progressive stock opened at $246.25 on Thursday. The company’s 50 day moving average price is $247.89 and its two-hundred day moving average price is $244.25. The firm has a market capitalization of $144.26 billion, a P/E ratio of 17.90, a P/E/G ratio of 0.62 and a beta of 0.41. Progressive has a fifty-two week low of $175.50 and a fifty-two week high of $270.62. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30.

Progressive Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend was Friday, January 10th. Progressive’s payout ratio is 2.91%.

Insider Transactions at Progressive

In other news, CAO Mariann Wojtkun Marshall sold 191 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $242.10, for a total value of $46,241.10. Following the completion of the sale, the chief accounting officer now directly owns 3,982 shares in the company, valued at $964,042.20. This trade represents a 4.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO John P. Sauerland sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $268.09, for a total value of $2,680,900.00. Following the transaction, the chief financial officer now directly owns 292,958 shares in the company, valued at approximately $78,539,110.22. This trade represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,506 shares of company stock valued at $10,531,159 in the last quarter. 0.34% of the stock is currently owned by company insiders.

Institutional Trading of Progressive

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Davis Capital Management acquired a new position in shares of Progressive during the third quarter valued at about $25,000. Webster Bank N. A. bought a new position in Progressive in the 4th quarter valued at about $26,000. Hager Investment Management Services LLC acquired a new position in Progressive during the 4th quarter valued at about $28,000. Atlantic Edge Private Wealth Management LLC increased its holdings in Progressive by 54.7% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 116 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 41 shares in the last quarter. Finally, Valley National Advisers Inc. raised its stake in shares of Progressive by 3,000.0% in the fourth quarter. Valley National Advisers Inc. now owns 124 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 85.34% of the company’s stock.

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.