Analysts Offer Predictions for Progressive FY2025 Earnings

The Progressive Co. (NYSE:PGR - Free Report) - Investment analysts at William Blair raised their FY2025 earnings per share estimates for shares of Progressive in a research note issued on Wednesday, May 21st. William Blair analyst A. Klauber now anticipates 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 - Get Free Report) last issued its earnings results on Wednesday, April 16th. The insurance provider reported $4.65 EPS for the quarter, beating analysts' consensus estimates of $4.28 by $0.37. The business had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $21.87 billion. Progressive had a net margin of 11.25% and a return on equity of 33.79%.

Other equities research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $288.00 target price on shares of Progressive in a research report on Thursday, April 17th. Roth Mkm boosted their price target on Progressive from $290.00 to $315.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. BMO Capital Markets upped their price target on Progressive from $282.00 to $288.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Bank of America upgraded shares of Progressive from a "neutral" rating to a "buy" rating and set a $312.00 price objective on the stock in a research note on Monday, April 28th. Finally, Morgan Stanley boosted their target price on shares of Progressive from $320.00 to $330.00 and gave the stock an "overweight" rating in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $288.24.

Progressive Stock Down 1.7%

Shares of NYSE PGR opened at $280.87 on Thursday. The stock has a fifty day moving average price of $275.62 and a 200 day moving average price of $262.42. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.27. Progressive has a 12-month low of $201.34 and a 12-month high of $292.99. The company has a market cap of $164.65 billion, a P/E ratio of 19.50, a P/E/G ratio of 1.70 and a beta of 0.40.

Institutional Trading of Progressive

A number of institutional investors and hedge funds have recently modified their holdings of PGR. Geneos Wealth Management Inc. grew its position in shares of Progressive by 12.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 29,362 shares of the insurance provider's stock valued at $8,310,000 after buying an additional 3,191 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in Progressive by 8.1% in the first quarter. Belpointe Asset Management LLC now owns 4,651 shares of the insurance provider's stock valued at $1,316,000 after acquiring an additional 349 shares during the period. Integrity Alliance LLC. acquired a new position in Progressive in the first quarter valued at approximately $4,569,000. Ransom Advisory Ltd bought a new position in shares of Progressive during the first quarter valued at approximately $35,000. Finally, SageView Advisory Group LLC raised its position in shares of Progressive by 25.4% during the 1st quarter. SageView Advisory Group LLC now owns 7,441 shares of the insurance provider's stock worth $2,106,000 after purchasing an additional 1,509 shares during the period. 85.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Progressive

In related news, CAO Carl G. Joyce sold 360 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer now directly owns 655 shares in the company, valued at $180,891.35. This trade represents a 35.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John P. Sauerland sold 10,000 shares of Progressive stock in a transaction on Monday, April 28th. The stock was sold at an average price of $268.59, for a total transaction of $2,685,900.00. Following the completion of the transaction, the chief financial officer now directly owns 248,024 shares of the company's stock, valued at approximately $66,616,766.16. This represents a 3.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,894 shares of company stock valued at $11,020,097. Insiders own 0.34% of the company's stock.

Progressive Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were issued 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 dividend payout ratio is currently 2.70%.

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.

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