Shares of Progressive Corp. PGR, +0.53% inched 0.53% higher to $133.65 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.40% rising 0.40% to 3,999.09 and the Dow Jones Industrial Average DJIA, +0.33% rising 0.33% to 34,302.61. This was the stock’s second consecutive day of gains. Progressive Corp. closed $1.80 short of its 52-week high ($135.45), which the company achieved on January 9th.
The stock underperformed when compared to some of its competitors Friday, as Chubb Ltd. CB, +0.70% rose 0.70% to $227.19, American International Group Inc. AIG, +1.15% rose 1.15% to $64.41, and Arthur J. Gallagher & Co. AJG, +0.80% rose 0.80% to $196.55. Trading volume (1.4 M) remained 788,526 below its 50-day average volume of 2.2 M.