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.
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TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
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美銀證券分析師Joshua Shanker維持$前進保險 (PGR.US)$買入評級，維持目標價319美元。
根據TipRanks數據顯示，該分析師近一年總勝率為64.4%，總平均回報率為11.3%。
此外，綜合報道，$前進保險 (PGR.US)$近期主要分析師觀點如下：
第三季度發生了許多全球災難性事件，但預計對財產和意外傷害保險公司災難損失的影響將是可以控制的。展望第四季度，儘管由於風暴最近到來，確切的影響仍不確定，但颶風米爾頓造成的臨時損失已納入預報。該行業目標的調整反映了最近發生的事件和市盈率的變化。
在第三季度報告發布之前，該公司對財產和意外傷害行業的基本前景仍然樂觀。但是，充滿希望的預期、看漲情緒和當前的估值混合在一起，緩和了該公司對股票的看法。主要優勢包括持續穩健的定價和該行業固有的防禦性風險狀況。儘管如此，承銷商的預期利潤率和經紀商的銷售增長仍令人樂觀。
第三季度的業績，尤其是再保險公司的業績，可能會受到最近的米爾頓颶風的影響，由於利潤率提高和現行政策的增加，人們對個人保險的看法更加樂觀。第三季度的災難損失預計將低於五年的季節性平均水平，但可能會超過去年同期的水平，這可能會給初級保險公司帶來挑戰。
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