William Blair Increases Earnings Estimates for Progressive

The Progressive Co. (NYSE:PGR) – Equities research analysts at William Blair lifted their FY2025 EPS estimates for Progressive in a research note issued to investors on Wednesday, May 21st. William Blair analyst A. Klauber now forecasts that the insurance provider will post earnings of $16.44 per share for the year, up from their prior estimate of $16.07. The consensus estimate for Progressive’s current full-year earnings is $14.68 per share. William Blair also issued estimates for Progressive’s Q4 2025 earnings at $4.10 EPS.

Progressive (NYSE:PGR) last posted its earnings results on Wednesday, April 16th. The insurance provider reported $4.65 earnings per share for the quarter, beating the consensus estimate of $4.28 by $0.37. The company had revenue of $22.21 billion for the quarter, compared to analyst estimates of $21.87 billion. Progressive had a net margin of 11.25% and a return on equity of 33.79%.

Several other research firms have also weighed in on PGR. Wall Street Zen lowered shares of Progressive from a “buy” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets boosted their target price on shares of Progressive from $282.00 to $288.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. Morgan Stanley boosted their target price on shares of Progressive from $320.00 to $330.00 and gave the company an “overweight” rating in a report on Monday. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $288.00 target price on shares of Progressive in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Progressive from $267.00 to $287.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $288.24.

Progressive Stock Performance

NYSE:PGR opened at $276.90 on Thursday. 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 firm has a market capitalization of $162.33 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.70 and a beta of 0.40. The company’s 50-day moving average is $275.33 and its two-hundred day moving average is $262.66. Progressive has a 1-year low of $201.34 and a 1-year high of $292.99.

Institutional Investors Weigh In On Progressive

Several large investors have recently added to or reduced their stakes in PGR. Highline Wealth Partners LLC increased its position in shares of Progressive by 114.0% in the 1st quarter. Highline Wealth Partners LLC now owns 92 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. TruNorth Capital Management LLC increased its position in shares of Progressive by 210.0% in the 1st quarter. TruNorth Capital Management LLC now owns 93 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 63 shares during the last quarter. HWG Holdings LP purchased a new stake in shares of Progressive in the 1st quarter valued at approximately $28,000. Webster Bank N. A. purchased a new stake in shares of Progressive in the 4th quarter valued at approximately $26,000. Finally, Hager Investment Management Services LLC purchased a new stake in shares of Progressive in the 4th quarter valued at approximately $28,000. 85.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO John P. Sauerland sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $279.94, for a total transaction of $2,799,400.00. Following the sale, the chief financial officer now directly owns 269,566 shares of the company’s stock, valued at $75,462,306.04. This represents a 3.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Carl G. Joyce sold 360 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $276.17, for a total transaction of $99,421.20. Following the sale, the chief accounting officer now directly owns 655 shares in the company, valued at approximately $180,891.35. The trade was a 35.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,894 shares of company stock valued at $11,020,097 in the last ninety days. Company insiders own 0.34% of the company’s stock.

Progressive Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.14%. The ex-dividend date was Thursday, April 3rd. Progressive’s payout ratio is currently 2.70%.

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.