Q2 Earnings Estimate for Progressive Issued By William Blair

The Progressive Co. (NYSE:PGR) – Equities research analysts at William Blair lowered their Q2 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 expects that the insurance provider will post earnings per share of $3.24 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.

Several other equities analysts have also weighed in on PGR. 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 note on Thursday, December 26th. JPMorgan Chase & Co. boosted their price target on Progressive from $251.00 to $256.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. StockNews.com lowered Progressive from a “buy” rating to a “hold” rating in a research report on Friday, March 14th. Barclays boosted their price target on Progressive from $264.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods boosted their price target on Progressive from $294.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Progressive has an average rating of “Moderate Buy” and an average target price of $281.06.

Progressive Stock Performance

NYSE PGR opened at $273.08 on Thursday. The firm has a market capitalization 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 has a 1-year low of $201.34 and a 1-year high of $292.99. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.31 and a quick ratio of 0.30. The business’s 50-day simple moving average is $261.96 and its 200-day simple moving average is $254.99.

Progressive (NYSE:PGR) last released its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.64. Progressive had a return on equity of 33.79% and a net margin of 11.25%.

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 issued a $0.10 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.15%. Progressive’s dividend payout ratio (DPR) is 2.78%.

Insider Activity

In related news, CEO Susan Patricia Griffith sold 11,021 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $243.29, for a total transaction of $2,681,299.09. Following the completion of the transaction, the chief executive officer now directly owns 473,736 shares in the company, valued at $115,255,231.44. This represents a 2.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew J. Quigg sold 681 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $242.10, for a total value of $164,870.10. Following the completion of the sale, the insider now directly owns 33,612 shares in the company, valued at $8,137,465.20. This represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,495 shares of company stock worth $16,668,034. 0.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Progressive

Several institutional investors have recently modified their holdings of the company. AMG National Trust Bank acquired a new stake in shares of Progressive in the 3rd quarter worth approximately $203,000. Caprock Group LLC boosted its stake in Progressive by 7.3% during the third quarter. Caprock Group LLC now owns 14,547 shares of the insurance provider’s stock valued at $3,691,000 after buying an additional 995 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Progressive during the third quarter valued at about $8,935,000. Avior Wealth Management LLC boosted its stake in Progressive by 3.1% during the third quarter. Avior Wealth Management LLC now owns 3,221 shares of the insurance provider’s stock valued at $817,000 after buying an additional 96 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Progressive by 21.6% during the third quarter. Jennison Associates LLC now owns 4,749,628 shares of the insurance provider’s stock valued at $1,205,266,000 after buying an additional 842,109 shares in the last quarter. Institutional investors own 85.34% of the company’s stock.

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.