What is Roth Capital’s Estimate for Progressive Q1 Earnings?

The Progressive Co. (NYSE:PGR) – Research analysts at Roth Capital boosted their Q1 2025 earnings per share estimates for shares of Progressive in a research report issued to clients and investors on Tuesday, February 25th. Roth Capital analyst H. Fong now expects that the insurance provider will post earnings per share of $3.87 for the quarter, up from their prior estimate of $3.00. The consensus estimate for Progressive’s current full-year earnings is $14.68 per share. Roth Capital also issued estimates for Progressive’s FY2025 earnings at $14.25 EPS.

Progressive (NYSE:PGR) last released its earnings results on Wednesday, January 29th. The insurance provider reported $4.08 EPS for the quarter, topping the consensus estimate of $3.44 by $0.64. Progressive had a net margin of 11.25% and a return on equity of 33.79%.

PGR has been the topic of a number of other research reports. Roth Mkm boosted their price objective on shares of Progressive from $290.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday. Bank of America increased their price objective on Progressive from $331.00 to $335.00 and gave the company a “buy” rating in a research note on Monday, November 18th. StockNews.com raised shares of Progressive from a “hold” rating to a “buy” rating in a research note on Tuesday. Evercore ISI raised their price target on Progressive from $277.00 to $285.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, Raymond James raised shares of Progressive from a “market perform” rating to an “outperform” rating and set a $305.00 price objective for the company in a research note on Thursday, December 26th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $277.59.

Progressive Stock Down 1.9 %

Progressive stock opened at $273.13 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.31 and a quick ratio of 0.30. Progressive has a 1-year low of $186.94 and a 1-year high of $280.25. The company has a market cap of $160.00 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 1.70 and a beta of 0.42. The stock’s 50 day moving average price is $248.63 and its 200 day moving average price is $250.30.

Progressive Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date was Friday, January 10th. Progressive’s dividend payout ratio is presently 2.78%.

Insider Transactions at Progressive

In related news, CAO Mariann Wojtkun Marshall sold 191 shares of Progressive stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $242.10, for a total transaction of $46,241.10. Following the sale, the chief accounting officer now owns 3,982 shares of the company’s stock, valued at $964,042.20. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO John P. Sauerland sold 10,000 shares of Progressive stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $268.09, for a total value of $2,680,900.00. Following the sale, the chief financial officer now directly owns 292,958 shares in the company, valued at approximately $78,539,110.22. The trade was a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,361 shares of company stock valued at $13,983,575 over the last quarter. Company insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Progressive

A number of institutional investors have recently made changes to their positions in PGR. Webster Bank N. A. bought a new stake in shares of Progressive in the fourth quarter worth $26,000. Hager Investment Management Services LLC acquired a new position in Progressive during the 4th quarter worth $28,000. Atlantic Edge Private Wealth Management LLC increased its position in shares of Progressive by 54.7% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 116 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 41 shares during the last quarter. Minot DeBlois Advisors LLC acquired a new stake in shares of Progressive in the 4th quarter valued at about $28,000. Finally, Valley National Advisers Inc. lifted its position in shares of Progressive by 3,000.0% during the fourth quarter. Valley National Advisers Inc. now owns 124 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 120 shares during the last quarter. 85.34% of the stock is owned by institutional investors and hedge funds.

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.