PGR Stock Lags Industry: Is it Still a Buy Despite Premium Valuation?

Shares of The Progressive Corporation PGR have gained 10.7% year to date, underperforming the industry’s rally of 13.5% but outperforming the Finance sector and the Zacks S&P 500 composite’s decline of 0.9%  and 8.9%, respectively, in the said time frame.PGR is one of the country’s largest auto insurance groups, the...