Zacks Research Weighs in on The Progressive Co.’s Q1 2025 Earnings (NYSE:PGR)

The Progressive Co. (NYSE:PGR) – Zacks Research raised their Q1 2025 EPS estimates for Progressive in a report released on Wednesday, April 10th. Zacks Research analyst T. De now forecasts that the insurance provider will post earnings of $2.27 per share for the quarter, up from their previous forecast of $2.25. The consensus estimate for Progressive’s current full-year earnings is $10.50 per share.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group upped their price objective on shares of Progressive from $241.00 to $245.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. upped their price objective on shares of Progressive from $171.00 to $202.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. HSBC boosted their target price on shares of Progressive from $174.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. Piper Sandler reiterated an “overweight” rating and issued a $240.00 target price on shares of Progressive in a research note on Monday, April 1st. Finally, UBS Group boosted their target price on shares of Progressive from $159.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $208.31.

Progressive Trading Up 0.9 %

Shares of PGR stock opened at $208.35 on Monday. Progressive has a 52-week low of $111.41 and a 52-week high of $212.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.31 and a current ratio of 0.36. The company has a 50-day simple moving average of $198.20 and a two-hundred day simple moving average of $174.08. The company has a market capitalization of $122.03 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 0.86 and a beta of 0.35.

Progressive (NYSE:PGR) last issued its quarterly earnings data on Friday, April 12th. The insurance provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $0.74. Progressive had a net margin of 8.89% and a return on equity of 29.43%. The business had revenue of $18.96 billion during the quarter, compared to the consensus estimate of $16.88 billion. During the same period in the prior year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year.

Hedge Funds Weigh In On Progressive

Institutional investors have recently made changes to their positions in the stock. Giverny Capital Inc. increased its holdings in shares of Progressive by 2.9% in the 3rd quarter. Giverny Capital Inc. now owns 501,431 shares of the insurance provider’s stock worth $69,849,000 after buying an additional 14,022 shares during the last quarter. AIA Group Ltd increased its holdings in shares of Progressive by 4.9% in the 3rd quarter. AIA Group Ltd now owns 155,427 shares of the insurance provider’s stock worth $21,651,000 after buying an additional 7,268 shares during the last quarter. Invesco LLC increased its holdings in shares of Progressive by 2.0% in the 4th quarter. Invesco LLC now owns 3,537 shares of the insurance provider’s stock worth $563,000 after buying an additional 70 shares during the last quarter. First Affirmative Financial Network bought a new position in shares of Progressive in the 4th quarter worth $295,000. Finally, Bensler LLC grew its holdings in shares of Progressive by 13.1% during the 4th quarter. Bensler LLC now owns 50,378 shares of the insurance provider’s stock valued at $8,024,000 after purchasing an additional 5,848 shares during the last quarter. Institutional investors own 85.34% of the company’s stock.

Insiders Place Their Bets

In other Progressive news, insider Karen Bailo sold 8,464 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $189.49, for a total value of $1,603,843.36. Following the sale, the insider now directly owns 32,342 shares in the company, valued at approximately $6,128,485.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Progressive news, insider Patrick K. Callahan sold 29,675 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $190.26, for a total value of $5,645,965.50. Following the sale, the insider now directly owns 15,189 shares in the company, valued at approximately $2,889,859.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karen Bailo sold 8,464 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $189.49, for a total transaction of $1,603,843.36. Following the completion of the transaction, the insider now directly owns 32,342 shares in the company, valued at approximately $6,128,485.58. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

Progressive Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, April 4th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.19%. The ex-dividend date was Wednesday, April 3rd. Progressive’s dividend payout ratio is presently 4.09%.

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.