Zacks Research Weighs in on The Progressive Co.’s Q1 2025 Earnings (NYSE:PGR)

The Progressive Co. (NYSE:PGR) – Equities researchers at Zacks Research lifted their Q1 2025 earnings estimates for Progressive in a note issued to investors on Wednesday, April 10th. Zacks Research analyst T. De now anticipates that the insurance provider will earn $2.27 per share for the quarter, up from their previous estimate of $2.25. The consensus estimate for Progressive’s current full-year earnings is $10.50 per share.

PGR has been the topic of several other research reports. Citigroup raised their price target on shares of Progressive from $202.00 to $225.00 and gave the stock a “neutral” rating in a research note on Monday. Piper Sandler reaffirmed an “overweight” rating and issued a $240.00 price target on shares of Progressive in a research note on Monday, April 1st. BMO Capital Markets raised their price target on shares of Progressive from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. UBS Group raised their price target on shares of Progressive from $159.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of Progressive from $171.00 to $202.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Progressive presently has an average rating of “Hold” and a consensus target price of $208.31.

Progressive Trading Up 0.9 %

Shares of PGR opened at $208.35 on Monday. Progressive has a twelve month low of $111.41 and a twelve month high of $212.24. The company has a market cap of $122.03 billion, a P/E ratio of 21.33, a P/E/G ratio of 0.86 and a beta of 0.35. The company has a current ratio of 0.36, a quick ratio of 0.31 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $198.20 and its 200-day simple moving average is $174.08.

Progressive (NYSE:PGR) last announced its earnings results on Friday, April 12th. The insurance provider reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.74. Progressive had a net margin of 8.89% and a return on equity of 29.43%. The business had revenue of $18.96 billion for the quarter, compared to the consensus estimate of $16.88 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis.

Progressive Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, April 4th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend was Wednesday, April 3rd. Progressive’s dividend payout ratio is currently 4.09%.

Insider Activity

In related news, insider Patrick K. Callahan sold 29,675 shares of Progressive stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $190.26, for a total value of $5,645,965.50. Following the completion of the sale, the insider now directly owns 15,189 shares in the company, valued at approximately $2,889,859.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Progressive news, insider Karen Bailo sold 8,464 shares of Progressive stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $189.49, for a total transaction of $1,603,843.36. Following the completion of the sale, the insider now directly owns 32,342 shares in the company, valued at approximately $6,128,485.58. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Patrick K. Callahan sold 29,675 shares of Progressive stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $190.26, for a total transaction of $5,645,965.50. Following the transaction, the insider now directly owns 15,189 shares of the company’s stock, valued at $2,889,859.14. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Progressive

Several institutional investors and hedge funds have recently added to or reduced their stakes in PGR. Giverny Capital Inc. boosted its stake in Progressive by 2.9% during the 3rd quarter. Giverny Capital Inc. now owns 501,431 shares of the insurance provider’s stock worth $69,849,000 after purchasing an additional 14,022 shares during the last quarter. AIA Group Ltd boosted its position in shares of Progressive by 4.9% during the 3rd quarter. AIA Group Ltd now owns 155,427 shares of the insurance provider’s stock valued at $21,651,000 after acquiring an additional 7,268 shares during the last quarter. Invesco LLC boosted its position in shares of Progressive by 2.0% during the 4th quarter. Invesco LLC now owns 3,537 shares of the insurance provider’s stock valued at $563,000 after acquiring an additional 70 shares during the last quarter. First Affirmative Financial Network acquired a new position in shares of Progressive during the 4th quarter valued at about $295,000. Finally, Bensler LLC lifted its position in Progressive by 13.1% in the fourth quarter. Bensler LLC now owns 50,378 shares of the insurance provider’s stock valued at $8,024,000 after buying an additional 5,848 shares during the last quarter. Hedge funds and other institutional investors 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.