BofA Securities analyst Joshua Shanker maintains $Progressive (PGR.US)$ with a buy rating, and maintains the target price at $319.
According to TipRanks data, the analyst has a success rate of 64.4% and a total average return of 11.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Progressive (PGR.US)$'s main analysts recently are as follows:
The third quarter was marked by numerous global catastrophic events, yet it is anticipated that the impact on property and casualty insurers' catastrophe losses will be manageable. As we look ahead to the fourth quarter, provisional losses from Hurricane Milton have been incorporated into forecasts, although the precise effects remain uncertain due to the storm's recent arrival. Adjustments in the sector's targets reflect the recent events and shifts in P/E multiples.
The firm's fundamental outlook for the property and casualty sector remains positive heading into the third-quarter reports. However, a mix of hopeful expectations, bullish sentiment, and current valuations moderate the firm's perspective on stocks. Key advantages include sustained robust pricing and the sector's inherently defensive risk profile. Nevertheless, the anticipated margins for underwriters and sales growth for brokers are viewed with optimism.
Q3 results, especially for reinsurers, may be impacted by the recent Hurricane Milton, with a more favorable view on Personal Lines due to improving margins and an increase in policies-in-force. For the third quarter, catastrophe losses are anticipated to be lower than the five-year seasonal average, yet they may exceed the levels seen in the same quarter of the previous year, which could pose challenges for primary insurers.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
美银证券分析师Joshua Shanker维持$前进保险 (PGR.US)$买入评级，维持目标价319美元。
根据TipRanks数据显示，该分析师近一年总胜率为64.4%，总平均回报率为11.3%。
此外，综合报道，$前进保险 (PGR.US)$近期主要分析师观点如下：
第三季度发生了许多全球灾难性事件，但预计对财产和意外伤害保险公司灾难损失的影响将是可以控制的。展望第四季度，尽管由于风暴最近到来，确切的影响仍不确定，但飓风米尔顿造成的临时损失已纳入预报。该行业目标的调整反映了最近发生的事件和市盈率的变化。
在第三季度报告发布之前，该公司对财产和意外伤害行业的基本前景仍然乐观。但是，充满希望的预期、看涨情绪和当前的估值混合在一起，缓和了该公司对股票的看法。主要优势包括持续稳健的定价和该行业固有的防御性风险状况。尽管如此，承销商的预期利润率和经纪商的销售增长仍令人乐观。
第三季度的业绩，尤其是再保险公司的业绩，可能会受到最近的米尔顿飓风的影响，由于利润率提高和现行政策的增加，人们对个人保险的看法更加乐观。第三季度的灾难损失预计将低于五年的季节性平均水平，但可能会超过去年同期的水平，这可能会给初级保险公司带来挑战。
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总平均回报率为基于分析师的初始评级创建虚拟投资组合，并根据评级变化对组合进行调整，在近一年中该投资组合所获得的回报率。
