FY2025 EPS Estimates for Progressive Lifted by William Blair

The Progressive Co. (NYSE:PGR) – Analysts at William Blair increased their FY2025 EPS estimates for Progressive in a research note issued to investors on Wednesday, February 19th. William Blair analyst A. Klauber now expects that the insurance provider will post earnings of $15.66 per share for the year, up from their previous forecast of $15.24. The consensus estimate for Progressive’s current full-year earnings is $14.43 per share. William Blair also issued estimates for Progressive’s Q4 2025 earnings at $4.55 EPS.

Other analysts also recently issued reports about the stock. Evercore ISI upped their price objective on shares of Progressive from $277.00 to $285.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Bank of America upped their target price on shares of Progressive from $331.00 to $335.00 and gave the company a “buy” rating in a research note on Monday, November 18th. StockNews.com upgraded shares of Progressive from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley upped their target price on shares of Progressive from $300.00 to $307.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, TD Cowen upped their target price on shares of Progressive from $197.00 to $237.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Progressive presently has a consensus rating of “Moderate Buy” and a consensus price target of $276.12.

Progressive Price Performance

NYSE PGR opened at $267.83 on Thursday. 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 has a fifty day simple moving average of $246.61 and a 200 day simple moving average of $248.49. The company has a market cap of $156.90 billion, a P/E ratio of 18.60, a P/E/G ratio of 0.67 and a beta of 0.42. Progressive has a 1 year low of $186.94 and a 1 year high of $270.79.

Progressive (NYSE:PGR) last posted its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.64. Progressive had a net margin of 11.25% and a return on equity of 33.79%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Progressive by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 53,400,366 shares of the insurance provider’s stock valued at $12,795,262,000 after purchasing an additional 583,376 shares during the last quarter. State Street Corp boosted its stake in shares of Progressive by 1.3% in the 3rd quarter. State Street Corp now owns 24,683,807 shares of the insurance provider’s stock valued at $6,263,763,000 after purchasing an additional 315,411 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Progressive by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 14,615,430 shares of the insurance provider’s stock valued at $3,498,363,000 after purchasing an additional 189,638 shares during the last quarter. FMR LLC boosted its stake in shares of Progressive by 1.6% in the 3rd quarter. FMR LLC now owns 10,518,615 shares of the insurance provider’s stock valued at $2,669,204,000 after purchasing an additional 170,618 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Progressive in the 4th quarter valued at about $1,843,045,000. Institutional investors own 85.34% of the company’s stock.

Insider Transactions at Progressive

In other Progressive news, insider Lori A. Niederst sold 3,855 shares of the stock in a transaction dated 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 owns 39,040 shares of the company’s stock, valued at $9,645,222.40. This represents a 8.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Mariann Wojtkun Marshall sold 191 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 transaction of $46,241.10. Following the sale, the chief accounting officer now directly owns 3,982 shares in the company, valued at approximately $964,042.20. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,361 shares of company stock valued at $13,983,575. 0.34% of the stock is owned by insiders.

Progressive Dividend Announcement

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