Q3 Earnings Estimate for Progressive Issued By William Blair

Key Points

• William Blair has raised its Q3 2025 earnings per share estimate for Progressive to $4.27, up from $3.74, with a full-year consensus estimate of $14.68.
• Progressive reported $4.88 EPS for Q2, exceeding analyst expectations, but revenue of $20.08 billion fell short of the $20.39 billion forecast.
• The company recently announced a quarterly dividend of $0.10 per share, indicating a modest annual yield of 0.2%.

The Progressive Corporation (NYSE:PGR - Free Report) - Research analysts at William Blair increased their Q3 2025 EPS estimates for Progressive in a report issued on Wednesday, August 20th. William Blair analyst A. Klauber now anticipates that the insurance provider will earn $4.27 per share for the quarter, up from their prior estimate of $3.74. The consensus estimate for Progressive's current full-year earnings is $14.68 per share.

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. The firm had revenue of $20.08 billion during the quarter, compared to analysts' expectations of $20.39 billion. Progressive had a net margin of 12.66% and a return on equity of 35.37%. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.48 earnings per share.

A number of other research analysts have also recently commented on the stock. UBS Group dropped their target price on shares of Progressive from $280.00 to $268.00 and set a "neutral" rating for the company in a report on Monday, July 21st. Bank of America dropped their price objective on shares of Progressive from $337.00 to $336.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Jefferies Financial Group dropped their price objective on shares of Progressive from $309.00 to $287.00 and set a "buy" rating for the company in a report on Monday, August 11th. Keefe, Bruyette & Woods lowered their price target on shares of Progressive from $290.00 to $268.00 and set a "market perform" rating for the company in a report on Thursday, July 17th. Finally, Cantor Fitzgerald upgraded shares of Progressive to a "hold" rating in a report on Wednesday, August 13th. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $284.06.

Progressive Stock Down 1.5%

PGR stock opened at $248.9740 on Friday. The stock has a market capitalization of $145.95 billion, a P/E ratio of 14.03, 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. Progressive has a 12 month low of $228.54 and a 12 month high of $292.99. The firm has a 50-day moving average price of $251.77 and a 200-day moving average price of $266.31.

Institutional Trading of Progressive

Hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue grew its position in Progressive by 2.7% in the 1st 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 during the period. QRG Capital Management Inc. grew its position in Progressive by 36.4% in the 1st 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 during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in Progressive by 498.5% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 5,057 shares of the insurance provider's stock worth $1,431,000 after acquiring an additional 4,212 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Progressive in the 1st quarter worth $3,141,000. Finally, TCW Group Inc. grew its stake in shares of Progressive by 4.5% in the 1st quarter. TCW Group Inc. now owns 12,034 shares of the insurance provider's stock worth $3,406,000 after acquiring an additional 523 shares in the last quarter. Institutional investors and hedge funds own 85.34% of the company's stock.

Insider Activity at Progressive

In other news, insider John Jo Murphy sold 2,218 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $249.24, for a total transaction of $552,814.32. Following the completion of the sale, the insider owned 47,942 shares of the company's stock, valued at $11,949,064.08. This trade represents a 4.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Lori A. Niederst sold 8,063 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $250.18, for a total transaction of $2,017,201.34. Following the sale, the insider directly owned 39,040 shares of the company's stock, valued at approximately $9,767,027.20. This trade represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,556 shares of company stock worth $27,306,166. Corporate insiders own 0.34% of the company's stock.

Progressive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive's dividend payout ratio (DPR) is 2.25%.

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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