Q1 Earnings Estimate for Progressive Issued By Roth Capital

The Progressive Co. (NYSE:PGR) – Research analysts at Roth Capital upped their Q1 2025 earnings per share estimates for Progressive in a research note issued on Tuesday, February 25th. Roth Capital analyst H. Fong now anticipates that the insurance provider will earn $3.87 per share for the quarter, up from their prior estimate of $3.00. The consensus estimate for Progressive’s current full-year earnings is $14.68 per share. Roth Capital also issued estimates for Progressive’s FY2025 earnings at $14.25 EPS.

PGR has been the topic of several other reports. TD Cowen increased their price objective on Progressive from $197.00 to $237.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Raymond James raised Progressive from a “market perform” rating to an “outperform” rating and set a $305.00 price objective on the stock in a research report on Thursday, December 26th. Evercore ISI increased their price objective on Progressive from $277.00 to $285.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Hsbc Global Res cut Progressive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Roth Mkm increased their price objective on Progressive from $290.00 to $315.00 and gave the company a “buy” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $277.59.

Progressive Trading Up 1.2 %

Progressive stock opened at $282.02 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.31 and a quick ratio of 0.30. Progressive has a one year low of $186.94 and a one year high of $282.40. The stock has a market capitalization of $165.21 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.70 and a beta of 0.42. The business’s fifty day moving average is $250.25 and its 200 day moving average is $250.91.

Progressive (NYSE:PGR) last released its earnings results on Wednesday, January 29th. The insurance provider reported $4.08 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%.

Institutional Trading of Progressive

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Progressive during the 4th quarter valued at approximately $118,434,000. Employees Retirement System of Texas raised its stake in Progressive by 112.0% during the 4th quarter. Employees Retirement System of Texas now owns 34,541 shares of the insurance provider’s stock valued at $8,276,000 after purchasing an additional 18,250 shares during the period. Fidelity D & D Bancorp Inc. raised its stake in Progressive by 44.3% during the 4th quarter. Fidelity D & D Bancorp Inc. now owns 2,606 shares of the insurance provider’s stock valued at $624,000 after purchasing an additional 800 shares during the period. Capital A Wealth Management LLC bought a new stake in Progressive during the 4th quarter valued at approximately $359,000. Finally, United Advisor Group LLC raised its stake in Progressive by 9.0% during the 4th quarter. United Advisor Group LLC now owns 5,917 shares of the insurance provider’s stock valued at $1,418,000 after purchasing an additional 488 shares during the period. Institutional investors own 85.34% of the company’s stock.

Insider Transactions at Progressive

In other news, insider Andrew J. Quigg sold 681 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $242.10, for a total value of $164,870.10. Following the transaction, the insider now owns 33,612 shares of the company’s stock, valued at $8,137,465.20. This trade represents a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John P. Sauerland sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 282,958 shares in the company, valued at $67,530,756.28. This trade represents a 3.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,361 shares of company stock valued at $11,302,675 over the last quarter. 0.34% of the stock is currently owned by company insiders.

Progressive Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Friday, January 10th. Progressive’s dividend payout ratio (DPR) is currently 2.78%.

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.