Q2 EPS Estimates for Progressive Increased by William Blair

The Progressive Corporation (NYSE:PGR - Free Report) - Analysts at William Blair upped their Q2 2025 EPS estimates for Progressive in a research report issued to clients and investors on Wednesday, June 18th. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings per share of $4.36 for the quarter, up from their prior forecast of $3.96. The consensus estimate for Progressive's current full-year earnings is $14.68 per share. William Blair also issued estimates for Progressive's FY2025 earnings at $16.84 EPS.

Other analysts also recently issued research reports about the company. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $288.00 price objective on shares of Progressive in a research report on Thursday, April 17th. Barclays lifted their target price on shares of Progressive from $285.00 to $297.00 and gave the stock an "equal weight" rating in a research note on Friday, April 11th. UBS Group increased their price target on shares of Progressive from $285.00 to $291.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Wall Street Zen lowered shares of Progressive from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Progressive from $267.00 to $287.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $288.59.

Progressive Trading Down 2.1%

NYSE PGR opened at $260.31 on Thursday. The firm has a market cap of $152.60 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 1.67 and a beta of 0.40. Progressive has a 1-year low of $204.88 and a 1-year high of $292.99. The stock has a 50-day moving average of $275.88 and a 200-day moving average of $264.47. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.24.

Progressive (NYSE:PGR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $4.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.28 by $0.37. Progressive had a net margin of 11.10% and a return on equity of 33.50%. The business had revenue of $22.21 billion during the quarter, compared to analyst estimates of $21.87 billion.

Hedge Funds Weigh In On Progressive

Hedge funds have recently added to or reduced their stakes in the company. Highline Wealth Partners LLC increased its holdings in shares of Progressive by 114.0% in 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 lifted its holdings in shares of Progressive by 210.0% during the first quarter. TruNorth Capital Management LLC now owns 93 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 63 shares in the last quarter. Minot DeBlois Advisors LLC purchased a new stake in shares of Progressive during the fourth quarter valued at $28,000. HWG Holdings LP purchased a new stake in shares of Progressive during the first quarter valued at $28,000. Finally, Atala Financial Inc bought a new stake in Progressive in the 4th quarter worth about $32,000. 85.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Steven Broz sold 1,267 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $277.81, for a total value of $351,985.27. Following the sale, the insider now directly owns 28,888 shares of the company's stock, valued at $8,025,375.28. This represents a 4.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John P. Sauerland sold 10,000 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $275.94, for a total transaction of $2,759,400.00. Following the sale, the chief financial officer now directly owns 258,024 shares in the company, valued at $71,199,142.56. The trade was a 3.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,517 shares of company stock worth $9,451,821. Company insiders own 0.34% 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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