Q1 Earnings Estimate for Progressive Issued By William Blair

The Progressive Co. (NYSE:PGR) – William Blair raised their Q1 2025 earnings per share estimates for Progressive in a note issued to investors on Wednesday, March 19th. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings per share of $4.91 for the quarter, up from their prior estimate of $4.43. The consensus estimate for Progressive’s current full-year earnings is $14.68 per share.

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

PGR has been the subject of several other reports. Barclays raised their price objective on shares of Progressive from $264.00 to $285.00 and gave the stock an “equal weight” rating in a report on Thursday, March 13th. 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 report on Thursday, December 26th. Keefe, Bruyette & Woods raised their price objective on shares of Progressive from $294.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday. StockNews.com lowered shares of Progressive from a “buy” rating to a “hold” rating in a report on Friday, March 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Progressive from $251.00 to $256.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $281.06.

Progressive Stock Performance

Progressive stock opened at $273.08 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.27. Progressive has a 1-year low of $201.34 and a 1-year high of $292.99. The firm has a 50-day moving average of $261.96 and a 200-day moving average of $254.99. The firm has a market cap of $160.08 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.70 and a beta of 0.35.

Progressive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date is Thursday, April 3rd. Progressive’s dividend payout ratio (DPR) is presently 2.78%.

Insiders Place Their Bets

In other news, CFO John P. Sauerland sold 1,542 shares of Progressive stock in a transaction on Monday, March 17th. The shares were sold at an average price of $282.66, for a total transaction of $435,861.72. Following the transaction, the chief financial officer now owns 268,024 shares in the company, valued at $75,759,663.84. This trade represents a 0.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CIO Jonathan S. Bauer sold 1,696 shares of Progressive stock in a transaction on Monday, March 17th. The stock was sold at an average price of $282.66, for a total transaction of $479,391.36. Following the transaction, the executive now owns 26,697 shares in the company, valued at $7,546,174.02. This represents a 5.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,495 shares of company stock valued at $16,668,034. Company insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PGR. AMG National Trust Bank purchased a new position in shares of Progressive during the 3rd quarter valued at $203,000. Avior Wealth Management LLC lifted its stake in shares of Progressive by 3.1% during the 3rd quarter. Avior Wealth Management LLC now owns 3,221 shares of the insurance provider’s stock valued at $817,000 after buying an additional 96 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Progressive by 29.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 15,240 shares of the insurance provider’s stock valued at $3,867,000 after buying an additional 3,498 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Progressive during the 3rd quarter valued at $163,000. Finally, Moors & Cabot Inc. lifted its stake in shares of Progressive by 168.9% during the 3rd quarter. Moors & Cabot Inc. now owns 3,848 shares of the insurance provider’s stock valued at $976,000 after buying an additional 2,417 shares in the last quarter. Hedge funds and other 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.