Q2 Earnings Forecast for Progressive Issued By William Blair

The Progressive Co. (NYSE:PGR) – Equities researchers at William Blair decreased their Q2 2025 earnings per share estimates for Progressive in a report released on Wednesday, March 19th. William Blair analyst A. Klauber now anticipates that the insurance provider will earn $3.24 per share for the quarter, down from their prior forecast of $3.25. The consensus estimate for Progressive’s current full-year earnings is $14.68 per share. William Blair also issued estimates for Progressive’s Q3 2025 earnings at $3.42 EPS, Q4 2025 earnings at $4.50 EPS and FY2025 earnings at $16.07 EPS.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company increased their price objective on Progressive from $313.00 to $317.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Keefe, Bruyette & Woods increased their price objective on Progressive from $294.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays increased their price objective on Progressive from $264.00 to $285.00 and gave the company an “equal weight” rating in a research report on Thursday, March 13th. StockNews.com cut Progressive from a “buy” rating to a “hold” rating in a research report on Friday, March 14th. Finally, Roth Mkm raised their target price on Progressive from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Progressive presently has a consensus rating of “Moderate Buy” and a consensus price target of $281.06.

Progressive Stock Up 0.4 %

PGR opened at $274.52 on Thursday. Progressive has a 1-year low of $201.34 and a 1-year high of $292.99. 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 stock has a market capitalization of $160.92 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 1.70 and a beta of 0.35. The business has a 50 day moving average of $261.21 and a 200-day moving average of $254.84.

Progressive (NYSE:PGR) last announced its 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 disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.40 annualized dividend and a yield of 0.15%. Progressive’s dividend payout ratio is currently 2.78%.

Insiders Place Their Bets

In other news, insider Andrew J. Quigg sold 681 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $8,137,465.20. This trade represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO John P. Sauerland sold 10,000 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $238.66, for a total value of $2,386,600.00. Following the completion of the sale, the chief financial officer now owns 282,958 shares of the company’s stock, valued at approximately $67,530,756.28. This trade represents a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,495 shares of company stock worth $16,668,034 over the last three months. 0.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Progressive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PGR. Norges Bank bought a new position in Progressive during the fourth quarter worth about $1,843,045,000. GQG Partners LLC boosted its holdings in Progressive by 67.6% during the fourth quarter. GQG Partners LLC now owns 5,171,501 shares of the insurance provider’s stock worth $1,239,143,000 after buying an additional 2,085,833 shares during the last quarter. Raymond James Financial Inc. bought a new position in Progressive during the fourth quarter worth about $408,416,000. Geode Capital Management LLC boosted its holdings in Progressive by 13.2% during the third quarter. Geode Capital Management LLC now owns 14,425,792 shares of the insurance provider’s stock worth $3,652,235,000 after buying an additional 1,682,213 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in Progressive by 34.3% during the fourth quarter. Capital Research Global Investors now owns 6,058,187 shares of the insurance provider’s stock worth $1,451,602,000 after buying an additional 1,547,677 shares during the last quarter. Institutional investors 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.