Q4 Earnings Estimate for Progressive Issued By William Blair

Key Points

• William Blair has raised its Q4 2025 earnings per share estimate for Progressive to $4.11, up from a prior estimate of $4.10, while the full-year earnings consensus stands at $14.68 per share.
• Progressive's most recent quarterly earnings showed a profit of $4.88 per share, beating estimates by $0.45, with a revenue of $20.08 billion, a 12.1% year-over-year growth.
• Multiple analysts have adjusted their price targets for Progressive, with a consensus target of $286.88 and a current average rating of "Moderate Buy."

The Progressive Corporation (NYSE:PGR - Free Report) - Equities research analysts at William Blair increased their Q4 2025 earnings per share (EPS) estimates for shares of Progressive in a research note issued to investors on Wednesday, July 23rd. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings of $4.11 per share for the quarter, up from their prior estimate of $4.10. The consensus estimate for Progressive's current full-year earnings is $14.68 per share.

Progressive (NYSE:PGR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The insurance provider reported $4.88 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.45. The business had revenue of $20.08 billion for the quarter, compared to analysts' expectations of $20.39 billion. Progressive had a return on equity of 35.37% and a net margin of 12.66%. The business's revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.48 earnings per share.

A number of other brokerages have also weighed in on PGR. Evercore ISI lowered shares of Progressive from an "outperform" rating to an "in-line" rating and set a $275.00 price objective for the company. in a report on Thursday, July 17th. Barclays dropped their price target on Progressive from $297.00 to $287.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. UBS Group dropped their price target on Progressive from $280.00 to $268.00 and set a "neutral" rating for the company in a research note on Monday, July 21st. Bank of America reduced their target price on shares of Progressive from $337.00 to $336.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Finally, BMO Capital Markets lowered their price target on Progressive from $288.00 to $281.00 and set an "outperform" rating for the company in a report on Friday, July 18th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $286.88.

Progressive Price Performance

Progressive stock traded down $9.43 during midday trading on Monday, hitting $240.67. 5,549,639 shares of the company's stock were exchanged, compared to its average volume of 3,551,047. The stock has a 50-day moving average price of $264.25 and a two-hundred day moving average price of $266.28. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.34. The company has a market cap of $141.09 billion, a P/E ratio of 13.56, a PEG ratio of 1.50 and a beta of 0.37. Progressive has a 52-week low of $208.13 and a 52-week high of $292.99.

Institutional Investors Weigh In On Progressive

Several large investors have recently added to or reduced their stakes in the business. Integrated Advisors Network LLC lifted its stake in Progressive by 1.0% in the first quarter. Integrated Advisors Network LLC now owns 3,808 shares of the insurance provider's stock worth $1,078,000 after acquiring an additional 36 shares during the last quarter. Rise Advisors LLC boosted its position in shares of Progressive by 7.4% in the 1st quarter. Rise Advisors LLC now owns 521 shares of the insurance provider's stock valued at $147,000 after purchasing an additional 36 shares during the period. Pines Wealth Management LLC grew its position in Progressive by 3.0% during the 1st quarter. Pines Wealth Management LLC now owns 1,287 shares of the insurance provider's stock worth $335,000 after purchasing an additional 37 shares during the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of Progressive by 2.0% in the first quarter. Contravisory Investment Management Inc. now owns 1,940 shares of the insurance provider's stock valued at $549,000 after buying an additional 38 shares during the last quarter. Finally, Beacon Financial Group raised its stake in Progressive by 1.1% during the 1st quarter. Beacon Financial Group now owns 3,659 shares of the insurance provider's stock valued at $1,036,000 after acquiring an additional 39 shares during the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider John Jo Murphy sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $260.38, for a total value of $1,041,520.00. Following the transaction, the insider owned 41,289 shares in the company, valued at $10,750,829.82. This trade represents a 8.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stuart B. Burgdoerfer sold 3,681 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $260.43, for a total transaction of $958,642.83. Following the completion of the transaction, the director directly owned 12,217 shares in the company, valued at $3,181,673.31. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,972 shares of company stock valued at $9,078,681. 0.33% of the stock is owned by company insiders.

Progressive Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, July 11th. Investors of record on Friday, July 4th were paid a $0.10 dividend. The ex-dividend date was Thursday, July 3rd. This represents a dividend yield of 0.15%. Progressive's dividend payout ratio is presently 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.