Why Progressive Stock Gained 12% in January
Progressive (NYSE: PGR) shareholders beat the market last month as their investment gained 16% compared to a roughly flat result for the S&P 500, according to data provided by S&P Global Market Intelligence.
The rally got shares closer to market-matching returns over the medium term, given that the insurance giant's stock underperformed the S&P 500 by 10 percentage points in 2019.
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Source Fool.com
