Q2 Earnings Estimate for Progressive Issued By William Blair

The Progressive Co. (NYSE:PGR) – Equities research analysts at William Blair reduced their Q2 2025 earnings per share estimates for Progressive in a report issued on Wednesday, March 19th. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings of $3.24 per share for the quarter, down from their prior estimate 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.

Progressive (NYSE:PGR) last issued its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share for the quarter, beating 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%.

Other equities research analysts have also recently issued research reports about the company. UBS Group upped their price target on Progressive from $275.00 to $285.00 and gave the stock a “neutral” rating in a research note on Friday, March 14th. Keefe, Bruyette & Woods upped their price target on Progressive from $294.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price target on Progressive from $251.00 to $256.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Wells Fargo & Company upped their price objective on Progressive from $313.00 to $317.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Finally, StockNews.com lowered Progressive from a “buy” rating to a “hold” rating in a report on Friday, March 14th. 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $281.06.

Progressive Price Performance

Shares of NYSE PGR opened at $273.08 on Thursday. 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 twelve month low of $201.34 and a twelve month high of $292.99. The stock has a 50 day moving average of $261.96 and a two-hundred day moving average of $254.99. The stock 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 company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders 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 dividend yield of 0.15%. The ex-dividend date is Thursday, April 3rd. Progressive’s dividend payout ratio is currently 2.78%.

Insider Activity

In other news, CFO John P. Sauerland sold 10,000 shares of the firm’s stock in a transaction on 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 owns 282,958 shares in the company, valued at $67,530,756.28. This trade represents a 3.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Susan Patricia Griffith sold 11,021 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $243.29, for a total value of $2,681,299.09. Following the completion of the transaction, the chief executive officer now owns 473,736 shares of the company’s stock, valued at approximately $115,255,231.44. This represents a 2.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,495 shares of company stock worth $16,668,034 over the last 90 days. 0.34% of the stock is currently owned by corporate insiders.

Institutional Trading of Progressive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Progressive by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 53,400,366 shares of the insurance provider’s stock worth $12,795,262,000 after purchasing an additional 583,376 shares in the last quarter. State Street Corp increased its position in Progressive by 1.3% during the 3rd quarter. State Street Corp now owns 24,683,807 shares of the insurance provider’s stock worth $6,263,763,000 after purchasing an additional 315,411 shares in the last quarter. Geode Capital Management LLC increased its position in Progressive by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 14,615,430 shares of the insurance provider’s stock worth $3,498,363,000 after purchasing an additional 189,638 shares in the last quarter. FMR LLC boosted its stake in Progressive by 1.6% in the 3rd quarter. FMR LLC now owns 10,518,615 shares of the insurance provider’s stock worth $2,669,204,000 after buying an additional 170,618 shares during the last quarter. Finally, Norges Bank acquired a new stake in Progressive in the 4th quarter worth about $1,843,045,000. Hedge funds and other 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.