Progressive (PGR) Projected to Post Quarterly Earnings on Tuesday

Progressive (NYSE:PGR - Get Free Report) will likely be issuing its Q2 2025 quarterly earnings data before the market opens on Tuesday, July 15th. Analysts expect the company to announce earnings of $3.94 per share and revenue of $20.39 billion for the quarter.

Progressive (NYSE:PGR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $4.65 earnings per share for the quarter, beating analysts' consensus estimates of $4.28 by $0.37. The firm had revenue of $22.21 billion during the quarter, compared to analyst estimates of $21.87 billion. Progressive had a return on equity of 33.50% and a net margin of 11.10%. On average, analysts expect Progressive to post $15 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Progressive Trading Down 3.2%

PGR opened at $253.38 on Tuesday. The firm has a market cap of $148.54 billion, a P/E ratio of 17.09, a P/E/G ratio of 1.61 and a beta of 0.37. Progressive has a 12 month low of $207.50 and a 12 month high of $292.99. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average of $273.96 and a 200 day moving average of $265.71.

Progressive Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 11th. Investors of record on Friday, July 4th will be paid a $0.10 dividend. This represents a yield of 0.15%. The ex-dividend date of this dividend is Thursday, July 3rd. Progressive's dividend payout ratio (DPR) is 2.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. UBS Group increased their target price on shares of Progressive from $285.00 to $291.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Bank of America upgraded Progressive from a "neutral" rating to a "buy" rating and set a $312.00 target price on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. increased their target price on shares of Progressive from $267.00 to $287.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Morgan Stanley lowered Progressive from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $330.00 to $290.00 in a research note on Monday. Finally, BMO Capital Markets increased their target price on shares of Progressive from $282.00 to $288.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $285.94.

Insider Transactions at Progressive

In other Progressive news, Director Dyke Kahina Van sold 2,490 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $277.67, for a total transaction of $691,398.30. Following the transaction, the director owned 12,429 shares of the company's stock, valued at $3,451,160.43. This trade represents a 16.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Jo Murphy sold 4,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $260.38, for a total transaction of $1,041,520.00. Following the transaction, the insider directly owned 41,289 shares in the company, valued at approximately $10,750,829.82. This represents a 8.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,705 shares of company stock worth $11,450,948. Insiders own 0.33% of the company's stock.

Hedge Funds Weigh In On Progressive

Hedge funds have recently made changes to their positions in the business. Bison Wealth LLC increased its position in shares of Progressive by 3.2% in the fourth quarter. Bison Wealth LLC now owns 2,568 shares of the insurance provider's stock worth $615,000 after acquiring an additional 80 shares in the last quarter. Brighton Jones LLC boosted its holdings in shares of Progressive by 15.6% during the fourth quarter. Brighton Jones LLC now owns 3,392 shares of the insurance provider's stock worth $813,000 after purchasing an additional 457 shares during the period. Finally, Revolve Wealth Partners LLC acquired a new stake in shares of Progressive during the fourth quarter worth approximately $269,000. 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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