Cantor Fitzgerald Weighs in on Progressive FY2025 Earnings

The Progressive Corporation (NYSE:PGR) – Stock analysts at Cantor Fitzgerald issued their FY2025 EPS estimates for shares of Progressive in a research note issued on Wednesday, August 13th. Cantor Fitzgerald analyst R. Tunis expects that the insurance provider will earn $17.43 per share for the year. Cantor Fitzgerald has a “Hold” rating on the stock. The consensus estimate for Progressive’s current full-year earnings is $14.68 per share. Cantor Fitzgerald also issued estimates for Progressive’s FY2026 earnings at $16.28 EPS.

Progressive (NYSE:PGR) last released its earnings results on Wednesday, July 16th. The insurance provider reported $4.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.45. Progressive had a net margin of 12.66% and a return on equity of 35.37%. The company had revenue of $20.08 billion for the quarter, compared to the consensus estimate of $20.39 billion. During the same period in the prior year, the company posted $2.48 EPS. The company’s revenue was up 12.1% compared to the same quarter last year.

PGR has been the topic of a number of other reports. Keefe, Bruyette & Woods cut their target price on shares of Progressive from $290.00 to $268.00 and set a “market perform” rating on the stock in a research report on Thursday, July 17th. UBS Group cut their target price on shares of Progressive from $280.00 to $268.00 and set a “neutral” rating on the stock in a research report on Monday, July 21st. Evercore ISI cut Progressive from an “outperform” rating to an “in-line” rating and set a $275.00 price target for the company. in a research note on Thursday, July 17th. Wall Street Zen cut Progressive from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Finally, Barclays lowered their price target on Progressive from $297.00 to $287.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $284.88.

Progressive Stock Performance

Progressive stock opened at $247.02 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.21. Progressive has a 1 year low of $228.54 and a 1 year high of $292.99. The company has a market cap of $144.81 billion, a PE ratio of 13.92, a PEG ratio of 1.46 and a beta of 0.33. The company’s 50-day moving average is $253.14 and its two-hundred day moving average is $266.39.

Progressive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.2%. Progressive’s dividend payout ratio is 2.25%.

Insider Buying and Selling at Progressive

In other news, CEO Susan Patricia Griffith sold 30,660 shares of Progressive stock in a transaction on Monday, July 28th. The stock was sold at an average price of $242.12, for a total transaction of $7,423,399.20. Following the completion of the sale, the chief executive officer owned 506,945 shares of the company’s stock, valued at approximately $122,741,523.40. This trade represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John P. Sauerland sold 16,664 shares of Progressive stock in a transaction on Monday, July 28th. The stock was sold at an average price of $249.24, for a total value of $4,153,335.36. Following the sale, the chief financial officer directly owned 228,024 shares of the company’s stock, valued at $56,832,701.76. This represents a 6.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 112,313 shares of company stock worth $28,349,549. 0.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Integrated Advisors Network LLC increased its position in shares of Progressive by 1.0% in the first quarter. Integrated Advisors Network LLC now owns 3,808 shares of the insurance provider’s stock worth $1,078,000 after purchasing an additional 36 shares during the period. Rise Advisors LLC increased its position in shares of Progressive by 7.4% in the first quarter. Rise Advisors LLC now owns 521 shares of the insurance provider’s stock worth $147,000 after purchasing an additional 36 shares during the period. Pines Wealth Management LLC increased its position in shares of Progressive by 3.0% in the first quarter. Pines Wealth Management LLC now owns 1,287 shares of the insurance provider’s stock worth $335,000 after purchasing an additional 37 shares during the period. Contravisory Investment Management Inc. increased its position in shares of Progressive by 2.0% in the first quarter. Contravisory Investment Management Inc. now owns 1,940 shares of the insurance provider’s stock worth $549,000 after purchasing an additional 38 shares during the period. Finally, Beacon Financial Group grew its position in Progressive by 1.1% in the first quarter. Beacon Financial Group now owns 3,659 shares of the insurance provider’s stock valued at $1,036,000 after acquiring an additional 39 shares during the last quarter. 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.