
The Progressive Corporation (NYSE:PGR - Free Report) - Stock analysts at William Blair upped their Q3 2025 EPS estimates for shares of Progressive in a research note issued on Wednesday, September 17th. William Blair analyst A. Klauber now expects that the insurance provider will earn $4.98 per share for the quarter, up from their previous forecast of $4.27. The consensus estimate for Progressive's current full-year earnings is $14.68 per share. William Blair also issued estimates for Progressive's FY2026 earnings at $17.66 EPS.
Progressive (NYSE:PGR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The insurance provider reported $4.88 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $20.39 billion. During the same period in the prior year, the business posted $2.48 EPS. Progressive's revenue was up 12.1% on a year-over-year basis.
Several other equities research analysts also recently commented on PGR. Keefe, Bruyette & Woods increased their price objective on Progressive from $268.00 to $270.00 and gave the company a "market perform" rating in a report on Thursday, September 18th. Wells Fargo & Company restated an "equal weight" rating and set a $265.00 price target (down from $327.00) on shares of Progressive in a report on Thursday, September 18th. Jefferies Financial Group decreased their target price on Progressive from $309.00 to $287.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Morgan Stanley cut their price target on Progressive from $267.00 to $265.00 and set an "equal weight" rating for the company in a research note on Monday. Finally, BMO Capital Markets set a $252.00 price target on Progressive in a report on Thursday. Six investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $279.31.
Get Our Latest Stock Analysis on PGR
Progressive Stock Down 1.5%
Shares of PGR traded down $3.56 during mid-day trading on Friday, hitting $237.59. 962,219 shares of the company's stock were exchanged, compared to its average volume of 3,169,358. The company has a market cap of $139.28 billion, a PE ratio of 13.39, a P/E/G ratio of 1.36 and a beta of 0.32. Progressive has a 52 week low of $228.54 and a 52 week high of $292.99. The company has a 50-day simple moving average of $245.70 and a 200 day simple moving average of $262.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.31.
Progressive Dividend Announcement
The company also recently disclosed 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. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, October 2nd. Progressive's dividend payout ratio is 2.25%.
Insider Activity at Progressive
In related news, insider Lori A. Niederst sold 8,063 shares of the company's stock in a transaction 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 completion of the sale, the insider owned 39,040 shares in the company, valued at approximately $9,767,027.20. This represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Susan Patricia Griffith sold 30,659 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $246.06, for a total value of $7,543,953.54. Following the sale, the chief executive officer owned 476,286 shares of the company's stock, valued at approximately $117,194,933.16. This trade represents a 6.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,045 shares of company stock valued at $34,635,290 in the last 90 days. 0.33% of the stock is owned by company insiders.
Hedge Funds Weigh In On Progressive
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PGR. Brighton Jones LLC boosted its stake in Progressive by 15.6% during the fourth quarter. Brighton Jones LLC now owns 3,392 shares of the insurance provider's stock valued at $813,000 after buying an additional 457 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Progressive in the 4th quarter worth $269,000. Highview Capital Management LLC DE lifted its position in Progressive by 3.2% during the 4th quarter. Highview Capital Management LLC DE now owns 11,040 shares of the insurance provider's stock worth $2,645,000 after acquiring an additional 339 shares during the period. Bison Wealth LLC raised its stake in shares of Progressive by 3.2% during the 4th quarter. Bison Wealth LLC now owns 2,568 shares of the insurance provider's stock valued at $615,000 after buying an additional 80 shares during the last quarter. Finally, Waverly Advisors LLC increased its stake in shares of Progressive by 103.7% in the 4th quarter. Waverly Advisors LLC now owns 5,232 shares of the insurance provider's stock valued at $1,254,000 after purchasing an additional 2,663 shares in the last quarter. 85.34% of the stock is owned by institutional investors.
Progressive Company Profile
(
Get Free Report)
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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