BofA Securities analyst Joshua Shanker maintains $Progressive (PGR.US)$ with a buy rating, and sets 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:
Despite an active period for global catastrophes in Q3, it is anticipated that catastrophe losses will remain manageable for property and casualty insurers. Looking ahead to Q4, provisional losses from Hurricane Milton have been factored into forecasts, although the full impact remains uncertain due to the recent landfall of the storm. Adjustments in the sector's outlook take into account the quarter's events and changes in P/E multiples.
The fundamental outlook for the property and casualty sector is viewed positively heading into the Q3 reports. This sentiment is slightly tempered by the already optimistic expectations, bullish sentiment, and current valuations. Key advantages include continued strong pricing and the sector's defensive risk profile. However, the current expectations for margins at underwriters and sales growth at brokers are considered to be on the optimistic side.
The third-quarter results, especially for reinsurers, could be influenced by the recent Hurricane Milton. There is an optimistic outlook on the Personal sector due to improving margins and an increase in policies-in-force. Catastrophe losses for the third quarter are anticipated to be below the five-year seasonal average, yet significantly higher than the same period in the previous year, which may present risks for primary insurers.
Note:
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.
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.
美銀證券分析師Joshua Shanker維持$前進保險 (PGR.US)$買入評級，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：
儘管第三季度全球災難處於活躍期，但預計財產和意外傷害保險公司的災難損失仍將是可控的。展望第四季度，颶風米爾頓造成的臨時損失已納入預測，但由於該風暴最近登陸，其全部影響仍不確定。該行業前景的調整考慮了本季度的事件和市盈率的變化。
在第三季度報告發布之前，財產和意外傷害行業的基本前景被視爲樂觀。本已樂觀的預期、看漲情緒和當前的估值略有抑制了這種情緒。主要優勢包括持續的強勁定價和該行業的防禦性風險狀況。但是，目前對承銷商利潤率和經紀商銷售增長的預期被認爲是樂觀的。
第三季度業績，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。由於利潤率的提高和現行政策的增加，個人行業的前景樂觀。第三季度的災難損失預計將低於五年的季節性平均水平，但明顯高於去年同期，這可能會給主要保險公司帶來風險。
提示:
TipRanks為獨立第三方，提供金融分析師的分析數據，並計算分析師推薦的平均回報率和勝率。提供的信息並非投資建議，僅供参考。本文不對評級數據和報告的完整性與準確性做出認可、聲明或保證。
TipRanks提供每位分析師的星級，分析師星級代表分析師所有推薦的過往表現，通過分析師的總勝率和平均回報率综合計算得出，星星越多，則該分析師過往表現越優異，最高爲5颗星。
分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
總平均回報率為基於分析師的初始評級創建虚擬投資組合，並根據評級變化對組合進行調整，在近一年中該投資組合所獲得的回報率。
