William Blair Estimates Progressive’s Q1 Earnings (NYSE:PGR)

The Progressive Co. (NYSE:PGR) – William Blair increased their Q1 2025 earnings per share estimates for Progressive in a research report issued to clients and investors on Wednesday, January 29th. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings of $3.98 per share for the quarter, up from their previous estimate of $3.94. The consensus estimate for Progressive’s current full-year earnings is $13.51 per share. William Blair also issued estimates for Progressive’s Q2 2025 earnings at $3.26 EPS, Q3 2025 earnings at $3.44 EPS and Q4 2025 earnings at $4.56 EPS.

PGR has been the subject of a number of other reports. Jefferies Financial Group raised their target price on Progressive from $257.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Raymond James raised shares of Progressive from a “market perform” rating to an “outperform” rating and set a $305.00 price objective on the stock in a report on Thursday, December 26th. StockNews.com upgraded shares of Progressive from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Hsbc Global Res downgraded shares of Progressive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley lowered their target price on shares of Progressive from $310.00 to $300.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $274.65.

Progressive Trading Up 0.5 %

Shares of PGR stock opened at $246.25 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25. The firm has a market cap of $144.26 billion, a P/E ratio of 17.90, a PEG ratio of 0.62 and a beta of 0.41. The company has a 50 day moving average of $247.89 and a 200-day moving average of $244.25. Progressive has a 12-month low of $175.50 and a 12-month high of $270.62.

Progressive (NYSE:PGR) last issued its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.64. Progressive had a net margin of 11.27% and a return on equity of 33.10%.

Progressive Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 9th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date was Friday, January 10th. Progressive’s dividend payout ratio is currently 2.91%.

Insider Buying and Selling at Progressive

In related news, CAO Mariann Wojtkun Marshall sold 191 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $242.10, for a total value of $46,241.10. Following the completion of the sale, the chief accounting officer now owns 3,982 shares in the company, valued at $964,042.20. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John P. Sauerland sold 10,000 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $268.09, for a total transaction of $2,680,900.00. Following the transaction, the chief financial officer now owns 292,958 shares in the company, valued at $78,539,110.22. The trade was a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,506 shares of company stock worth $10,531,159 over the last three months. 0.34% of the stock is owned by insiders.

Institutional Investors Weigh In On Progressive

Institutional investors have recently made changes to their positions in the business. Raleigh Capital Management Inc. boosted its position in Progressive by 20.9% during the third quarter. Raleigh Capital Management Inc. now owns 237 shares of the insurance provider’s stock valued at $60,000 after buying an additional 41 shares during the period. Atlantic Edge Private Wealth Management LLC lifted its position in Progressive by 54.7% in 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 during the last quarter. LRI Investments LLC lifted its position in Progressive by 16.5% in 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 during the last quarter. SYM FINANCIAL Corp grew its holdings in shares of Progressive by 2.8% in the fourth quarter. SYM FINANCIAL Corp now owns 1,602 shares of the insurance provider’s stock worth $384,000 after purchasing an additional 44 shares during the last quarter. Finally, Castleview Partners LLC increased its stake in shares of Progressive by 2.7% in the third quarter. Castleview Partners LLC now owns 1,712 shares of the insurance provider’s stock worth $434,000 after buying an additional 45 shares during the period. Hedge funds and other 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.