Q1 Earnings Estimate for Progressive Issued By William Blair

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

PGR has been the topic of several other research reports. JPMorgan Chase & Co. boosted their price target on shares of Progressive from $251.00 to $256.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. UBS Group boosted their target price on shares of Progressive from $275.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, March 14th. Barclays boosted their target price 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. Wells Fargo & Company boosted their target price on shares of Progressive from $313.00 to $317.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Finally, Roth Mkm boosted their target price on shares of Progressive from $290.00 to $315.00 and gave the stock a “buy” rating in a 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $281.06.

Progressive Stock Down 0.6 %

Shares of PGR stock opened at $273.08 on Friday. The stock has a market cap of $160.08 billion, a P/E ratio of 18.96, a PEG ratio of 1.70 and a beta of 0.35. Progressive has a 52 week low of $201.34 and a 52 week high of $292.99. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $261.96 and its two-hundred day simple moving average is $254.99.

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

Progressive Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.40 annualized dividend and a yield of 0.15%. Progressive’s payout ratio is 2.78%.

Insider Activity at Progressive

In other Progressive news, CFO John P. Sauerland sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 282,958 shares in the company, valued at $67,530,756.28. This represents a 3.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Mariann Wojtkun Marshall sold 191 shares of the company’s 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 completion of the transaction, the chief accounting officer now owns 3,982 shares in the company, valued at $964,042.20. This represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,495 shares of company stock worth $16,668,034. Insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Progressive

A number of hedge funds have recently added to or reduced their stakes in the stock. Kesler Norman & Wride LLC lifted its holdings in Progressive by 1.1% during the fourth quarter. Kesler Norman & Wride LLC now owns 3,695 shares of the insurance provider’s stock valued at $885,000 after purchasing an additional 40 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its holdings in Progressive by 54.7% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 116 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 41 shares in the last quarter. LRI Investments LLC lifted its holdings in Progressive by 16.5% during the third quarter. LRI Investments LLC now owns 296 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 42 shares in the last quarter. Washington Trust Bank lifted its holdings in Progressive by 4.1% during the fourth quarter. Washington Trust Bank now owns 1,066 shares of the insurance provider’s stock valued at $255,000 after purchasing an additional 42 shares in the last quarter. Finally, SYM FINANCIAL Corp lifted its holdings in Progressive by 2.8% during the fourth quarter. SYM FINANCIAL Corp now owns 1,602 shares of the insurance provider’s stock valued at $384,000 after purchasing an additional 44 shares in the last quarter. 85.34% of the stock is currently owned by institutional investors.

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.