Is Progressive (PGR) Undervalued After Brown Advisory Took A Position?

Progressive (PGR) is back in focus after Brown Advisory initiated a position in June, citing the insurer's role in the U.S. personal insurance market and its data driven approach to customer segmentation. See our latest analysis for Progressive. Over the past year Progressive has seen its share price move in fits and starts, with an 8.52% 90 day share price return contrasting with a 6.35% decline in 1 year total shareholder return. This points to improving near term momentum after a softer...