Progressive FY2025 EPS Estimate Boosted by William Blair

Key Points

• William Blair analysts have revised their FY2025 earnings per share (EPS) estimate for Progressive Corporation to $17.92, up from a previous estimate of $17.38.
• Progressive reported a 12.1% year-over-year revenue increase, with quarterly revenues of $20.08 billion and an EPS of $4.88, exceeding consensus estimates.
• The company has declared a quarterly dividend of $0.10, which will be paid on October 10th, representing an annualized dividend yield of 0.2%.

The Progressive Corporation (NYSE:PGR - Free Report) - Analysts at William Blair increased their FY2025 earnings per share (EPS) estimates for Progressive in a report released on Wednesday, August 20th. William Blair analyst A. Klauber now forecasts that the insurance provider will earn $17.92 per share for the year, up from their prior forecast of $17.38. 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 $4.12 EPS, Q1 2026 earnings at $4.58 EPS, Q3 2026 earnings at $4.15 EPS and FY2026 earnings at $17.59 EPS.

Progressive (NYSE:PGR - Get Free Report) last posted its 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 return on equity of 35.37% and a net margin of 12.66%.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 previous year, the business earned $2.48 earnings per share. Progressive's quarterly revenue was up 12.1% compared to the same quarter last year.

A number of other equities research analysts have also issued reports on the company. Citigroup began coverage on Progressive in a research note on Wednesday, August 13th. They issued a "buy" rating and a $312.00 target price for the company. Cantor Fitzgerald raised Progressive to a "hold" rating in a report on Wednesday, August 13th. BMO Capital Markets reduced their target price on Progressive from $288.00 to $281.00 and set an "outperform" rating on the stock in a report on Friday, July 18th. Barclays cut their price target on Progressive from $287.00 to $281.00 and set an "equal weight" rating on the stock in a report on Tuesday. Finally, UBS Group cut their target price on Progressive from $280.00 to $268.00 and set a "neutral" rating on the stock in a research note on Monday, July 21st. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $284.53.

Progressive Stock Performance

NYSE PGR opened at $252.2440 on Thursday. The company has a market capitalization of $147.87 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 1.48 and a beta of 0.33. 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 business's 50-day moving average price is $252.16 and its 200 day moving average price is $266.31. Progressive has a twelve month low of $228.54 and a twelve month high of $292.99.

Progressive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Thursday, October 2nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive's payout ratio is presently 2.25%.

Insiders Place Their Bets

In other news, insider Karen Bailo sold 8,922 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $249.24, for a total value of $2,223,719.28. Following the transaction, the insider directly owned 32,346 shares of the company's stock, valued at $8,061,917.04. The trade was a 21.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John P. Sauerland sold 16,664 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 228,024 shares in the company, valued at $56,832,701.76. The trade was a 6.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 109,823 shares of company stock valued at $27,658,151 in the last ninety days. Company insiders own 0.34% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Highline Wealth Partners LLC increased its holdings in Progressive by 114.0% during the 1st quarter. Highline Wealth Partners LLC now owns 92 shares of the insurance provider's stock worth $26,000 after purchasing an additional 49 shares in the last quarter. TruNorth Capital Management LLC grew its holdings 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 acquiring an additional 63 shares in the last quarter. HWG Holdings LP bought a new position in shares of Progressive in the 1st quarter valued at about $28,000. Minot DeBlois Advisors LLC acquired a new stake in Progressive in the 4th quarter valued at about $28,000. Finally, Garde Capital Inc. acquired a new stake in Progressive in the 1st quarter valued at about $33,000. Institutional investors and hedge funds 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.

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