Q2 Earnings Forecast for Progressive Issued By William Blair

The Progressive Co. (NYSE:PGR) – Research analysts at William Blair reduced their Q2 2025 earnings 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 forecast 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.

PGR has been the topic of a number of other research reports. Raymond James raised shares of Progressive from a “market perform” rating to an “outperform” rating and set a $305.00 target price on the stock in a research report on Thursday, December 26th. Barclays lifted their price objective on shares of Progressive from $264.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 13th. StockNews.com downgraded shares of Progressive from a “buy” rating to a “hold” rating in a research report on Friday, March 14th. Wells Fargo & Company lifted their price objective on shares of Progressive from $313.00 to $317.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Progressive from $295.00 to $294.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $281.76.

Progressive Trading Down 3.6 %

NYSE PGR opened at $273.19 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.30 and a current ratio of 0.31. The company has a market capitalization of $160.14 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.70 and a beta of 0.35. The company’s 50-day simple moving average is $260.59 and its two-hundred day simple moving average is $254.70. Progressive has a one year low of $201.34 and a one year high of $292.99.

Progressive (NYSE:PGR) last announced 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 net margin of 11.25% and a return on equity of 33.79%.

Progressive Announces Dividend

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

Insider Buying and Selling at Progressive

In related news, CFO John P. Sauerland sold 10,000 shares of the business’s stock in a transaction on Monday, December 30th. The shares were 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 directly owns 282,958 shares in the company, valued at $67,530,756.28. The trade was a 3.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Mariann Wojtkun Marshall sold 191 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $242.10, for a total transaction of $46,241.10. Following the completion of the transaction, the chief accounting officer now owns 3,982 shares of the company’s stock, valued at approximately $964,042.20. This represents a 4.58 % 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. Company insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Progressive

Several large investors have recently made changes to their positions in PGR. Vanguard Group Inc. increased its holdings in Progressive by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 53,400,366 shares of the insurance provider’s stock worth $12,795,262,000 after acquiring an additional 583,376 shares in the last quarter. State Street Corp increased its holdings in Progressive by 1.3% in the 3rd quarter. State Street Corp now owns 24,683,807 shares of the insurance provider’s stock worth $6,263,763,000 after acquiring an additional 315,411 shares in the last quarter. Geode Capital Management LLC increased its holdings in Progressive by 1.3% in 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 acquiring an additional 189,638 shares in the last quarter. FMR LLC increased its holdings 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 acquiring an additional 170,618 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Progressive during the fourth quarter worth $1,843,045,000. 85.34% of the stock is currently owned by institutional investors and hedge funds.

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.