This High-Flying Financial Stock Beat the S&P 500 in the First Half of 2024. Is It Still a Buy?
Progressive(PGR) The Motley Fool·2024-07-27 16:36
This stock has a long history of crushing the benchmark index and has what it takes to keep winning.The S&P 500 delivered a 15% return for investors in the first half of 2024. This is a solid return, no doubt, but the powerhouse automotive insurer Progressive (PGR 1.37%) has trounced the index, returning investors 31% in the first six months of this year.Progressive has a long history of outperformance relative to the benchmark index and is an excellent example of how high-quality businesses can provide out ...