Q1 Earnings Estimate for Progressive Issued By William Blair

The Progressive Co. (NYSE:PGR) – Equities researchers at William Blair increased their Q1 2025 earnings estimates for Progressive in a research report issued on Wednesday, January 29th. William Blair analyst A. Klauber now expects that the insurance provider will earn $3.98 per share for the quarter, up from their previous estimate of $3.94. The consensus estimate for Progressive’s current full-year earnings is $14.03 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.

PGR has been the subject of a number of other reports. Hsbc Global Res cut shares of Progressive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Jefferies Financial Group upped their target price on Progressive from $257.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Evercore ISI raised their target price on Progressive from $277.00 to $285.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Wells Fargo & Company upped their price target on Progressive from $302.00 to $313.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Progressive from $251.00 to $256.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $275.71.

Progressive Stock Down 1.0 %

PGR opened at $246.78 on Thursday. Progressive has a 1 year low of $176.37 and a 1 year high of $270.62. The firm has a 50 day moving average price of $247.40 and a 200 day moving average price of $244.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $144.57 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 0.64 and a beta of 0.41.

Progressive (NYSE:PGR) last issued its earnings results on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.64. Progressive had a return on equity of 34.32% and a net margin of 11.25%.

Institutional Investors Weigh In On Progressive

Several hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC lifted its holdings in Progressive by 3.4% during the 4th quarter. Global Retirement Partners LLC now owns 3,175 shares of the insurance provider’s stock valued at $761,000 after purchasing an additional 105 shares during the last quarter. Convergence Investment Partners LLC lifted its stake in Progressive by 14.8% in the fourth quarter. Convergence Investment Partners LLC now owns 5,336 shares of the insurance provider’s stock valued at $1,279,000 after buying an additional 686 shares during the period. Bank of Jackson Hole Trust acquired a new position in shares of Progressive in the 4th quarter valued at $312,000. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in Progressive by 12.7% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 19,548 shares of the insurance provider’s stock worth $4,684,000 after acquiring an additional 2,208 shares in the last quarter. Finally, Kestra Investment Management LLC increased its stake in Progressive by 1.2% during the 4th quarter. Kestra Investment Management LLC now owns 3,965 shares of the insurance provider’s stock worth $950,000 after purchasing an additional 47 shares in the last quarter. 85.34% of the stock is owned by institutional investors.

Insider Activity at Progressive

In related news, insider Andrew J. Quigg sold 681 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $242.10, for a total value of $164,870.10. Following the completion of the sale, the insider now directly owns 33,612 shares of the company’s stock, valued at approximately $8,137,465.20. This represents a 1.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lori A. Niederst sold 3,855 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $247.06, for a total value of $952,416.30. Following the completion of the transaction, the insider now directly owns 39,040 shares in the company, valued at approximately $9,645,222.40. The trade was a 8.99 % 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 over the last quarter. 0.34% of the stock is currently owned by company insiders.

Progressive Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, January 10th. This represents a $0.40 annualized dividend and a yield of 0.16%. Progressive’s payout ratio is 2.78%.

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.