ROOT Zooms Past S&P 500: Should You Buy Despite Premium Valuation?

Shares of ROOT Inc. (ROOT) have skyrocketed 145% year to date, outperforming the industry’s 13% growth, the Finance sector’s rise of 2.5% and the S&P 500 composite’s decline of 4.1%.ROOT shares are trading near the high end of $181.14 of its 52-week range.With a market capitalization of more than$2.7 billion, ROOT provides automobile and renters insurance products. It envisions being the largest and most profitable company in the industry.ROOT Outperforms Industry, Sector & S&P 500 YTD Image Source: Zacks ...