William Blair Increases Earnings Estimates for Progressive

The Progressive Corporation (NYSE:PGR) – Equities research analysts at William Blair raised their FY2025 earnings per share estimates for Progressive in a report issued on Wednesday, September 17th. William Blair analyst A. Klauber now expects that the insurance provider will post earnings per share of $18.65 for the year, up from their previous estimate of $17.92. 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 $4.13 EPS, Q1 2026 earnings at $4.60 EPS, Q2 2026 earnings at $3.70 EPS, Q3 2026 earnings at $4.14 EPS and Q4 2026 earnings at $5.22 EPS.

Progressive (NYSE:PGR) last posted its quarterly earnings results on Wednesday, July 16th. The insurance provider reported $4.88 EPS for the quarter, topping 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 firm had revenue of $20.08 billion for the quarter, compared to analysts’ expectations of $20.39 billion. During the same period in the prior year, the business posted $2.48 earnings per share. The business’s revenue for the quarter was up 12.1% on a year-over-year basis.

Other analysts also recently issued research reports about the stock. UBS Group decreased their price target on shares of Progressive from $280.00 to $268.00 and set a “neutral” rating for the company in a research note on Monday, July 21st. Keefe, Bruyette & Woods raised their price objective on Progressive from $268.00 to $270.00 and gave the stock a “market perform” rating in a report on Thursday. Barclays decreased their target price on Progressive from $287.00 to $281.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 19th. BMO Capital Markets set a $252.00 price target on Progressive in a research report on Thursday. Finally, Bank of America cut their price target on Progressive from $347.00 to $343.00 and set a “buy” rating on the stock in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Progressive presently has a consensus rating of “Hold” and a consensus target price of $279.44.

Progressive Price Performance

Progressive stock opened at $241.93 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $141.82 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 1.40 and a beta of 0.32. The firm has a 50-day moving average of $245.88 and a two-hundred day moving average of $263.75. Progressive has a 1 year low of $228.54 and a 1 year high of $292.99.

Progressive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Thursday, October 2nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Progressive’s dividend payout ratio (DPR) is presently 2.25%.

Insider Activity at Progressive

In other Progressive news, CEO Susan Patricia Griffith sold 30,659 shares of Progressive stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $246.06, for a total value of $7,543,953.54. Following the transaction, the chief executive officer owned 476,286 shares in the company, valued at $117,194,933.16. The trade was a 6.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patrick K. Callahan sold 6,232 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $249.96, for a total transaction of $1,557,750.72. Following the sale, the insider directly owned 21,612 shares of the company’s stock, valued at approximately $5,402,135.52. The trade was a 22.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 130,062 shares of company stock valued at $32,217,635 over the last 90 days. Company insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Progressive

Several institutional investors and hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in shares of Progressive by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 68,644 shares of the insurance provider’s stock worth $19,426,000 after purchasing an additional 1,800 shares in the last quarter. Belmont Capital LLC purchased a new stake in Progressive in the first quarter valued at about $580,000. Zurich Insurance Group Ltd FI boosted its holdings in Progressive by 87.9% in the first quarter. Zurich Insurance Group Ltd FI now owns 414,183 shares of the insurance provider’s stock worth $117,218,000 after acquiring an additional 193,800 shares in the last quarter. Trust Co. of Oklahoma purchased a new stake in shares of Progressive during the second quarter worth about $439,000. Finally, QRG Capital Management Inc. increased its holdings in shares of Progressive by 36.4% during the first quarter. QRG Capital Management Inc. now owns 126,826 shares of the insurance provider’s stock valued at $35,893,000 after acquiring an additional 33,864 shares in the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors.

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.