Q2 Earnings Forecast for Progressive Issued By William Blair

The Progressive Co. (NYSE:PGR - Free Report) - Investment analysts at William Blair reduced their Q2 2025 earnings per share (EPS) estimates for Progressive in a report released on Wednesday, March 19th. William Blair analyst A. Klauber now anticipates that the insurance provider will earn $3.24 per share for the quarter, down from their previous 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 subject of several other reports. StockNews.com upgraded shares of Progressive from a "hold" rating to a "buy" rating in a research note on Saturday. Bank of America cut their price objective on Progressive from $318.00 to $300.00 and set a "buy" rating for the company in a research report on Thursday. HSBC downgraded Progressive from a "buy" rating to a "hold" rating and set a $267.00 target price for the company. in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods raised their price target on Progressive from $294.00 to $300.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Barclays upped their price objective 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. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $281.06.

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Progressive Stock Performance

PGR stock traded up $1.21 during trading hours on Thursday, reaching $274.07. The stock had a trading volume of 2,553,247 shares, compared to its average volume of 2,433,886. The stock has a 50-day simple moving average of $262.72 and a 200 day simple moving average of $255.19. Progressive has a fifty-two week low of $201.34 and a fifty-two week high of $292.99. The stock has a market capitalization of $160.66 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.70 and a beta of 0.35. 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 (NYSE:PGR - Get Free Report) last released its earnings results on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share (EPS) for the quarter, topping 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%.

Hedge Funds Weigh In On Progressive

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

Insiders Place Their Bets

In related news, insider Andrew J. Quigg sold 681 shares of the company's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $242.10, for a total transaction of $164,870.10. Following the completion of the sale, the insider now owns 33,612 shares of the company's stock, valued at $8,137,465.20. This represents a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO John P. Sauerland sold 1,542 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $282.66, for a total transaction of $435,861.72. Following the sale, the chief financial officer now owns 268,024 shares in the company, valued at $75,759,663.84. This represents a 0.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,855 shares of company stock worth $16,767,455 in the last 90 days. Company insiders own 0.34% of the company's stock.

Progressive Announces Dividend

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

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.