What changed
$PGR — BUY 📊 | 6 MONTHS THESIS
🎯 Q1 2026 | Rev $22.2B | EPS $4.96 vs $4.88 🟢
💡 The market expects mean reversion in underwriting margins post-hard market, but PGR's data-driven pricing and scale are sustaining a combined ratio below 90, well under industry norms. Consensus EPS estimates are behind actual results (4.96 vs 4.88), and upward revisions will drive multiple expansion as durability becomes evident.
📉 Reward/risk: 2.02:1
🏢 Business Quality: 8/10
📊 Valuation: cheap relative to growth-adjusted peers and normalized earnings. Current P/E of 10.4x is at its historical 50th percentile, but with ROE >20% and...
🔮 Catalyst: Q2 2026 earnings release and ongoing analyst estimate revisions
💰 Entry: $204.87, stop $185.0, target $245.0
📊 Our read: BUY. Full analysis →
https://stockduty.xyz/s/PGR0619