William Blair Estimates Progressive’s Q1 Earnings (NYSE:PGR)

The Progressive Co. (NYSE:PGR) – Equities researchers at William Blair raised their Q1 2025 earnings per share (EPS) estimates for Progressive in a report issued on Wednesday, February 19th. William Blair analyst A. Klauber now forecasts that the insurance provider will post earnings of $4.43 per share for the quarter, up from their prior forecast of $3.98. The consensus estimate for Progressive’s current full-year earnings is $14.50 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.

PGR has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their target price on Progressive from $251.00 to $256.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. TD Cowen upped their target price on Progressive from $197.00 to $237.00 and gave the company a “hold” rating in a research report on Friday, November 8th. StockNews.com raised Progressive from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley increased their target price on 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 cut their target price on Progressive from $273.00 to $267.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Progressive has a consensus rating of “Moderate Buy” and an average price target of $276.12.

Progressive Stock Performance

NYSE PGR opened at $267.83 on Friday. The stock’s fifty day moving average is $246.61 and its two-hundred day moving average is $248.49. The firm has a market capitalization of $156.90 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 0.68 and a beta of 0.42. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.30 and a current ratio of 0.31. Progressive has a fifty-two week low of $186.94 and a fifty-two week high of $270.79.

Progressive (NYSE:PGR) last issued its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business also recently announced 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 yield of 0.15%. The ex-dividend date was Friday, January 10th. Progressive’s dividend payout ratio (DPR) is presently 2.78%.

Insider Buying and Selling at Progressive

In other news, CFO John P. Sauerland sold 10,000 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $268.09, for a total transaction of $2,680,900.00. Following the sale, the chief financial officer now owns 292,958 shares in the company, valued at $78,539,110.22. This trade represents a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lori A. Niederst sold 3,855 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $247.06, for a total value of $952,416.30. Following the sale, the insider now owns 39,040 shares in the company, valued at $9,645,222.40. This trade represents a 8.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,361 shares of company stock worth $13,983,575. 0.34% of the stock is owned by insiders.

Institutional Investors Weigh In On Progressive

Hedge funds have recently made changes to their positions in the business. Webster Bank N. A. acquired a new stake in shares of Progressive during the fourth quarter worth $26,000. Hager Investment Management Services LLC purchased a new position in Progressive in the fourth quarter valued at about $28,000. Atlantic Edge Private Wealth Management LLC raised its position in Progressive by 54.7% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 116 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 41 shares during the period. Minot DeBlois Advisors LLC purchased a new position in Progressive in the fourth quarter valued at about $28,000. Finally, Valley National Advisers Inc. raised its position in Progressive by 3,000.0% in the fourth quarter. Valley National Advisers Inc. now owns 124 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 85.34% of the company’s stock.

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.