Q1 Earnings Estimate for Progressive Issued By William Blair

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

Progressive (NYSE:PGR) last released its quarterly earnings results 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 net margin of 11.25% and a return on equity of 33.79%.

A number of other equities research analysts have also weighed in on PGR. HSBC lowered Progressive from a “buy” rating to a “hold” rating and set a $267.00 price objective for the company. in a research note on Tuesday, December 10th. Raymond James raised shares of Progressive from a “market perform” rating to an “outperform” rating and set a $305.00 price target for the company in a research report on Thursday, December 26th. Barclays upped their price target on shares of Progressive from $264.00 to $285.00 and gave the company an “equal weight” rating in a report on Thursday, March 13th. StockNews.com raised shares of Progressive from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Roth Mkm upped their target price on shares of Progressive from $290.00 to $315.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $281.06.

Progressive Stock Down 0.6 %

Shares of Progressive stock opened at $273.08 on Friday. 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 1-year low of $201.34 and a 1-year high of $292.99. The business has a 50-day moving average of $261.96 and a 200-day moving average of $255.01. The company has a market capitalization of $160.08 billion, a PE ratio of 18.96, a P/E/G ratio of 1.70 and a beta of 0.35.

Institutional Investors Weigh In On Progressive

Institutional investors have recently bought and sold shares of the business. Webster Bank N. A. acquired a new stake in Progressive during the fourth quarter valued at $26,000. Hager Investment Management Services LLC purchased a new stake in shares of Progressive during the 4th quarter worth about $28,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of Progressive by 54.7% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 116 shares of the insurance provider’s stock valued at $28,000 after buying an additional 41 shares during the last quarter. Minot DeBlois Advisors LLC bought a new stake in shares of Progressive in the 4th quarter valued at approximately $28,000. Finally, Valley National Advisers Inc. increased its holdings in Progressive by 3,000.0% in the fourth quarter. Valley National Advisers Inc. now owns 124 shares of the insurance provider’s stock worth $29,000 after buying an additional 120 shares during the last quarter. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Progressive

In related news, CIO Jonathan S. Bauer sold 1,696 shares of Progressive stock in a transaction on Monday, March 17th. The stock was sold at an average price of $282.66, for a total value of $479,391.36. Following the transaction, the executive now directly owns 26,697 shares in the company, valued at $7,546,174.02. The trade was a 5.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John P. Sauerland sold 10,000 shares of the business’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 sale, the chief financial officer now owns 282,958 shares in the company, valued at approximately $67,530,756.28. The trade was a 3.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,495 shares of company stock worth $16,668,034 in the last 90 days. Corporate insiders own 0.34% of the company’s stock.

Progressive Announces Dividend

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

About Progressive

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.