On Oct 16, major Wall Street analysts update their ratings for $Progressive (PGR.US)$, with price targets ranging from $267 to $331.
Morgan Stanley analyst Bob Huang maintains with a buy rating, and maintains the target price at $300.
BofA Securities analyst Joshua Shanker maintains with a buy rating, and adjusts the target price from $319 to $331.
Barclays analyst Alex Scott maintains with a hold rating, and maintains the target price at $267.
Wells Fargo analyst Elyse Greenspan maintains with a buy rating, and adjusts the target price from $285 to $297.
BMO Capital analyst Michael Zaremski maintains with a buy rating, and adjusts the target price from $237 to $273.
Furthermore, according to the comprehensive report, the opinions of $Progressive (PGR.US)$'s main analysts recently are as follows:
Progressive observed a net addition of 394,000 personal auto policies in September, marking a 1.8% month-over-month growth. The company has also maintained an average policy count increase of 1.9% over the past seven months. It is anticipated that the growth in personal auto policy count could surpass 20% by the year 2024.
The company's September earnings exceeded expectations, fueled by an increase in organic policy count PIF growth coupled with higher investment yields.
Progressive has been recognized for its robust growth and margin performance, with policy growth exceeding expectations. The company's year-to-date combined ratio stands strong at 89.1%, despite losses from Hurricanes Helene and Milton, which sets a positive outlook for the remainder of the year.
Here are the latest investment ratings and price targets for $Progressive (PGR.US)$ from 6 analysts:
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美東時間10月16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267美元至331美元。
摩根士丹利分析師Bob Huang維持買入評級，維持目標價300美元。
美銀證券分析師Joshua Shanker維持買入評級，並將目標價從319美元上調至331美元。
巴克萊銀行分析師Alex Scott維持持有評級，維持目標價267美元。
富國集團分析師Elyse Greenspan維持買入評級，並將目標價從285美元上調至297美元。
BMO資本市場分析師Michael Zaremski維持買入評級，並將目標價從237美元上調至273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：
Progressive在九月份新增了394,000份個人汽車保單，同比增長1.8%。公司在過去七個月中保持了平均保單數量增長率爲1.9%。預計到2024年，個人汽車保單數量的增長率可能超過20%。
該公司的九月收益超出預期，受到有機保單數量PIF增長和更高的投資收益率的推動。
Progressive以其強勁的增長和利潤率表現而獲得認可，保單增長超出預期。儘管受到颶風海倫和米爾頓的損失影響，但公司截至目前的綜合賠付比率保持在89.1%，爲今年餘下時間提供了積極的展望。
以下爲今日6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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