Progressive FY2025 EPS Estimate Increased by William Blair

Key Points

• William Blair analysts have raised their FY2025 earnings estimates for Progressive Corporation to $18.65 per share, up from a previous forecast of $17.92.
• Progressive reported a Q2 earnings of $4.88 EPS, beating estimates, but had a revenue of $20.08 billion, slightly below analyst expectations.
• The company has declared a quarterly dividend of $0.10 per share, indicating a consistent dividend policy with a yield of 0.2%.

The Progressive Corporation (NYSE:PGR - Free Report) - Stock analysts at William Blair lifted their FY2025 earnings per share (EPS) estimates for shares of Progressive in a research report issued to clients and investors on Wednesday, September 17th. William Blair analyst A. Klauber now forecasts that the insurance provider will post earnings of $18.65 per share for the year, up from their previous forecast 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.

Several other equities analysts have also recently weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on Progressive from $268.00 to $270.00 and gave the company a "market perform" rating in a report on Thursday. Citigroup reaffirmed a "buy" rating on shares of Progressive in a report on Friday, August 29th. BMO Capital Markets set a $252.00 price objective on Progressive in a report on Thursday. Evercore ISI cut Progressive from an "outperform" rating to an "in-line" rating and set a $275.00 price objective for the company. in a report on Thursday, July 17th. Finally, UBS Group dropped their price objective on Progressive from $280.00 to $268.00 and set a "neutral" rating for the company in a report on Monday, July 21st. Six research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $279.44.

Progressive Price Performance

NYSE PGR traded up $0.26 during midday trading on Thursday, hitting $242.26. The company had a trading volume of 4,778,275 shares, compared to its average volume of 2,433,152. The company has a market capitalization of $142.02 billion, a PE ratio of 13.65, a P/E/G ratio of 1.38 and a beta of 0.32. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $245.83 and a 200-day moving average price of $263.47. Progressive has a twelve month low of $228.54 and a twelve month high of $292.99.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its holdings in shares of Progressive by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 68,644 shares of the insurance provider's stock valued at $19,426,000 after purchasing an additional 1,800 shares in the last quarter. Trust Co. of Oklahoma bought a new position in shares of Progressive in the second quarter valued at approximately $439,000. Belmont Capital LLC bought a new position in shares of Progressive in the first quarter valued at approximately $580,000. Zurich Insurance Group Ltd FI lifted its holdings in shares of Progressive by 87.9% in the first quarter. Zurich Insurance Group Ltd FI now owns 414,183 shares of the insurance provider's stock valued at $117,218,000 after purchasing an additional 193,800 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of Progressive by 36.4% in the first quarter. QRG Capital Management Inc. now owns 126,826 shares of the insurance provider's stock valued at $35,893,000 after purchasing an additional 33,864 shares in the last quarter. Institutional investors own 85.34% of the company's stock.

Insider Activity at Progressive

In other Progressive news, CEO Susan Patricia Griffith sold 30,659 shares of the stock in a transaction that occurred on 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 approximately $117,194,933.16. This represents a 6.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven Broz sold 1,345 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $250.78, for a total value of $337,299.10. Following the completion of the transaction, the insider owned 31,733 shares in the company, valued at approximately $7,958,001.74. The trade was a 4.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 130,062 shares of company stock worth $32,217,635 over the last quarter. 0.34% of the stock is owned by company insiders.

Progressive Announces Dividend

The firm also recently announced 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 is Thursday, October 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive's dividend payout ratio is presently 2.25%.

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.