Q1 Earnings Forecast for Progressive Issued By William Blair

The Progressive Co. (NYSE:PGR) – Investment analysts at William Blair lifted their Q1 2025 earnings per share (EPS) estimates for shares of Progressive in a note issued to investors on Wednesday, January 29th. William Blair analyst A. Klauber now expects that the insurance provider will post earnings of $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 announced its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $4.08 EPS for the quarter, beating the consensus estimate of $3.44 by $0.64. Progressive had a net margin of 11.27% and a return on equity of 33.10%.

PGR has been the subject of several other research reports. Bank of America upped their price target on Progressive from $331.00 to $335.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. BMO Capital Markets reduced their target price on shares of Progressive from $273.00 to $267.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Evercore ISI boosted their price target on shares of Progressive from $277.00 to $285.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Raymond James upgraded shares of Progressive from a “market perform” rating to an “outperform” rating and set a $305.00 price objective for the company in a research report on Thursday, December 26th. Finally, TD Cowen boosted their target price on Progressive from $197.00 to $237.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $275.29.

Progressive Trading Up 1.1 %

NYSE:PGR opened at $249.20 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25. Progressive has a 52-week low of $176.37 and a 52-week high of $270.62. The stock’s 50 day moving average price is $247.67 and its 200 day moving average price is $244.27. The company has a market capitalization of $145.98 billion, a PE ratio of 18.11, a P/E/G ratio of 0.62 and a beta of 0.41.

Institutional Trading of Progressive

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

Insider Activity

In other news, CEO Susan Patricia Griffith sold 11,021 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $243.29, for a total transaction of $2,681,299.09. Following the completion of the sale, the chief executive officer now directly owns 473,736 shares in the company, valued at $115,255,231.44. This trade represents a 2.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John P. Sauerland sold 10,000 shares of Progressive stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $238.66, for a total value of $2,386,600.00. Following the sale, the chief financial officer now owns 282,958 shares in the company, valued at $67,530,756.28. This represents a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,506 shares of company stock valued at $13,031,159. Company insiders own 0.34% of the company’s stock.

Progressive Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.16%. The ex-dividend date was Friday, January 10th. Progressive’s payout ratio is currently 2.91%.

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.