Now I have comprehensive data about Progressive Corporation.
Produced automatically from ORTEX data and published under the ORTEX News editorial standards set by Peter Hillerberg, Editor, ORTEX News. How we publish
Now I have comprehensive data about Progressive Corporation. Let me provide you with a detailed analysis:
Progressive Corporation (PGR) - Comprehensive Analysis
Current Price: $207.50 (as of April 21, 2026)
Market Cap: $119.1 billion
Sector: Property and Casualty Insurance
📊 Stock Performance
Progressive shares are up 5.55% over the past week and 1.83% in the last day, though down 8.88% YTD. The stock is showing recent momentum with an RSI of 58.63, indicating neutral territory with slight bullish bias.
🎯 ORTEX Stock Scores (as of April 22, 2026)
Progressive demonstrates strong fundamentals with solid quality and growth scores:
| Score | Value | Interpretation |
|---|---|---|
| Total Score | 69.76/100 | Above-average overall rating |
| Quality | 72.52/100 | Strong - indicates solid business fundamentals |
| Growth | 67.66/100 | Good - showing positive expansion metrics |
| Value | 58.72/100 | Moderate - fairly valued at current levels |
| Momentum | 30.19/100 | Weak - recent price action has lagged |
The scores reveal a high-quality insurance company with good growth prospects, though momentum has cooled recently.
📉 Short Interest Metrics
Short interest in PGR remains very low, indicating limited bearish sentiment:
- Short Interest % of Float: 1.24%
- Shares Short: 7.29 million
- Days to Cover: 2.19
- Cost to Borrow: 0.56% (up 41.8% over 1 week)
- Utilization: 0.71% (very low)
- Recent Change: SI up 7.65% over 1 month
The low short interest (1.24% of float) suggests minimal bearish positioning. The recent increase in cost to borrow (up to 0.56%) and slight uptick in shares short may indicate growing borrowing demand, though levels remain very modest overall.
ORTEX Short Score: 29.98/100 - indicates low short squeeze potential and minimal short seller pressure.
💰 Fundamentals (Latest Available)
Progressive maintains strong financial performance:
- Revenue: $88.16 billion
- EBITDA: $15.50 billion
- Net Income: $9.70 billion
- EPS: $16.30
- EV/EBITDA: 8.23x
- Operating Cash Flow: $14.30 billion
- Net Debt: -$11.63 billion (net cash position)
The company operates with a fortress balance sheet, holding net cash rather than debt, and generates substantial cash flow from operations.
📈 Options Activity
- Put/Call Ratio: 0.71 (as of April 21)
- 20-Day Mean PCR: 0.68
- Z-Score: +0.83 (elevated put activity vs. recent average)
The PCR of 0.71 shows moderate put activity relative to calls. The positive z-score indicates slightly elevated hedging activity compared to the recent 20-day average.
🎤 Upcoming Events
- Next Earnings: May 5, 2026 at 1:30 PM UTC (Q1 2026 Earnings Call)
📰 Recent News Highlights
Progressive continues to make industry headlines:
- April 21: Ranked #1 on Forbes America's Best Employers for Company Culture 2026
- April 21: Released March 2026 monthly results
- Recent analyst consensus remains at "Hold" with an 11% return potential to analyst price targets
🏢 Peer Comparison
Top correlated peers (by correlation rating):
- Marsh & McLennan (MRSH) - 86% correlation
- Primerica (PRI) - 74% correlation
- Ryan Specialty Holdings (RYAN) - 73% correlation
- Fidelity National Financial (FNF) - 72% correlation
Progressive's 1-week performance (+5.55%) outpaced most insurance peers during the period.
🔑 Key Takeaways
Strengths:
- Exceptional quality score (72.52) reflects solid underwriting and operations
- Strong balance sheet with $11.6B net cash position
- High growth score (67.66) for a mature insurer
- Very low short interest indicates broad market confidence
- Industry-leading workplace culture recognition
Considerations:
- Momentum score is weak (30.19) - recent price action has lagged
- YTD performance down 8.88%
- Valued at moderate levels (value score 58.72)
- Analyst consensus at "Hold" suggests limited near-term upside
Progressive remains a high-quality insurance franchise with strong fundamentals and minimal bearish pressure. The weak momentum score and muted analyst outlook suggest a "show me" period may be ahead, with earnings on May 5 providing the next catalyst.
This is not financial advice. Data is subject to change and may contain inaccuracies.
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Open PGR on ORTEX →How this article was generated
- Generated
- 22 Apr 2026, 22:34
- Data as of
- 22 Apr 2026, 22:33
- Prompt version
- v1.0
- Data sources
- Short interestCost to borrowUtilizationOptions flowEarningsAnalyst consensusInstitutional positioningORTEX Alpha signals
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.