On Oct 10, major Wall Street analysts update their ratings for $Progressive (PGR.US)$, with price targets ranging from $251 to $319.
J.P. Morgan analyst Jimmy Bhullar maintains with a buy rating, and adjusts the target price from $242 to $251.
BofA Securities analyst Joshua Shanker maintains with a buy rating, and sets the target price at $319.
UBS analyst Brian Meredith maintains with a hold rating, and adjusts the target price from $218 to $258.
Jefferies analyst Yaron Kinar maintains with a buy rating, and adjusts the target price from $257 to $295.
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, but property and casualty insurers are anticipated to handle the catastrophe losses from this period. There's an expectation of manageable losses from these incidents. Additionally, estimates for the fourth quarter include provisional losses from Hurricane Milton, although the situation remains uncertain as the storm has only recently reached land. Changes in target projections for the group are a reflection of the events of the quarter and adjustments in P/E multiples.
The fundamental outlook for the property and casualty sector is viewed positively heading into the third-quarter reports. However, there is a cautious stance regarding stock sentiment due to already optimistic expectations, bullish sentiment, and current valuations. The continued strong pricing and the sector's defensive risk profile are considered major advantages. Nonetheless, there is a belief that the market may be too hopeful regarding margins at underwriters and sales growth at brokerage firms.
Third-quarter outcomes, particularly for reinsurers, might be influenced by the recent Hurricane Milton, according to an analyst. The analyst maintains a positive outlook on the Personal sector due to bettering 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 still surpassing those of the third quarter last year, which could imply potential risks for primary insurers.
Here are the latest investment ratings and price targets for $Progressive (PGR.US)$ from 4 analysts:
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美東時間10月10日，多家華爾街大行更新了$前進保險 (PGR.US)$的評級，目標價介於251美元至319美元。
摩根大通分析師Jimmy Bhullar維持買入評級，並將目標價從242美元上調至251美元。
美銀證券分析師Joshua Shanker維持買入評級，目標價319美元。
瑞士銀行分析師Brian Meredith維持持有評級，並將目標價從218美元上調至258美元。
富瑞集團分析師Yaron Kinar維持買入評級，並將目標價從257美元上調至295美元。
此外，綜合報道，$前進保險 (PGR.US)$近期主要分析師觀點如下：
第三季度被全球多起災難性事件所影響，但財產和意外傷害保險商預計會處理這一時期的災難性損失。人們預計這些事件的損失將是可控的。此外，第四季度的估算包括來自颶風米爾頓的暫定損失，儘管由於風暴最近才到達陸地，情況仍不明朗。集團目標預測的變化反映了本季度的事件以及P/E倍數的調整。
進入第三季度報告，人們積極看好財產和意外傷害板塊的基本前景。然而，鑑於市場已經對股票情緒抱有樂觀預期、看好情緒和目前的估值，對股票情緒持謹慎態度。持續強勁的定價和板塊的防禦性風險特徵被認爲是主要優勢。儘管如此，市場可能對承保公司的利潤率以及券商公司的銷售增長過於樂觀。
根據一位分析師的觀點，第三季度的業績，尤其是再保險商的業績，可能會受到最近的颶風米爾頓的影響。由於邊際增加和在保單數上的增長，該分析師對個人板塊持積極態度。預計第三季度的災難性損失將低於五年季節性平均水平，但仍會超過去年同期的損失，這可能暗示着對主要保險商存在潛在風險。
以下爲今日4位分析師對$前進保險 (PGR.US)$的最新投資評級及目標價：
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