Q1 Earnings Forecast for Progressive Issued By William Blair

The Progressive Co. (NYSE:PGR) – Research analysts at William Blair lifted their Q1 2025 EPS estimates for shares of Progressive in a report released on Wednesday, January 29th. William Blair analyst A. Klauber now anticipates 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.

Several other research analysts have also recently commented on the stock. Evercore ISI raised their target price on shares of Progressive from $277.00 to $285.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Barclays lowered their price objective on shares of Progressive from $277.00 to $261.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. TD Cowen boosted 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. Morgan Stanley lowered their price target on Progressive from $310.00 to $300.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Hsbc Global Res downgraded Progressive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus 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 stock has a fifty day simple moving average of $247.67 and a 200 day simple moving average of $244.27. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $145.98 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 0.62 and a beta of 0.41. Progressive has a 1-year low of $176.37 and a 1-year high of $270.62.

Progressive (NYSE:PGR) last posted its quarterly earnings results 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 11.27% and a return on equity of 33.10%.

Progressive Dividend Announcement

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

Insider Buying and Selling

In other news, CAO Mariann Wojtkun Marshall sold 191 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $242.10, for a total value of $46,241.10. Following the sale, the chief accounting officer now owns 3,982 shares in the company, valued at approximately $964,042.20. This trade represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey D. Kelly sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $250.00, for a total transaction of $2,500,000.00. Following the transaction, the director now owns 27,741 shares of the company’s stock, valued at approximately $6,935,250. The trade was a 26.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,506 shares of company stock worth $13,031,159. 0.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Progressive

Several hedge funds have recently made changes to their positions in PGR. NewEdge Advisors LLC lifted its stake in Progressive by 20.6% during the second quarter. NewEdge Advisors LLC now owns 30,429 shares of the insurance provider’s stock worth $6,320,000 after purchasing an additional 5,199 shares during the period. Sunbelt Securities Inc. raised its stake in Progressive by 21.3% during the second quarter. Sunbelt Securities Inc. now owns 262 shares of the insurance provider’s stock worth $54,000 after acquiring an additional 46 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in shares of Progressive in the 2nd quarter valued at $36,000. EP Wealth Advisors LLC grew its holdings in shares of Progressive by 19.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 1,892 shares of the insurance provider’s stock worth $393,000 after purchasing an additional 313 shares during the last quarter. Finally, Truist Financial Corp increased its position in shares of Progressive by 27.7% during the 2nd quarter. Truist Financial Corp now owns 289,341 shares of the insurance provider’s stock worth $60,099,000 after purchasing an additional 62,693 shares in 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.