Morgan Stanley analyst Bob Huang maintains $Progressive (PGR.US)$ with a buy rating, and adjusts the target price from $300 to $310.
According to TipRanks data, the analyst has a success rate of 73.9% and a total average return of 8.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Progressive (PGR.US)$'s main analysts recently are as follows:
In a seasonally quiet quarter, Progressive has impressively added nearly as many personal auto policies-in-force in Q3 as the totals of full years 2021 and 2022 combined. This performance is seen as remarkable and positions the company strongly in the personal auto insurance market.
Progressive experienced a significant addition of 394,000 personal auto policies in September, marking a 1.8% rise from the previous month. The company has consistently averaged a 1.9% monthly increase in policycount over the last seven months. It is anticipated that personal auto policycount growth will exceed 20% by 2024.
The company's September earnings exceeded expectations, influenced by a rise in organic policy count PIF growth along with increased investment yields.
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.
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摩根士丹利分析師Bob Huang維持$前進保險 (PGR.US)$買入評級，並將目標價從300美元上調至310美元。
根據TipRanks數據顯示，該分析師近一年總勝率為73.9%，總平均回報率為8.2%。
此外，綜合報道，$前進保險 (PGR.US)$近期主要分析師觀點如下：
在一個季節性平靜的季度中，Progressive在第三季度增加的個人汽車保單數量幾乎與2021年和2022年全年保單總數的總和一樣多，令人印象深刻。這種表現被認爲非常出色，使該公司在個人汽車保險市場中佔據了強勢地位。
Progressive在9月份大幅增加了39.4萬份個人汽車保單，比上個月增長了1.8％。在過去的七個月中，該公司的保單數量平均每月增長1.9％。預計到2024年，個人汽車保單數量的增長將超過20％。
受有機保單數量增加PIF增長以及投資收益率增加的影響，該公司9月份的收益超出預期。
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