Protective Life Corp. Given Average Rating of “Hold” by Analysts (NYSE:PL)
Protective Life Corp. (NYSE:PL) has earned a consensus recommendation of “Hold” from the eight analysts that are covering the company, American Banking and Market News reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $56.60.
Protective Life Corp. (NYSE:PL) traded down 0.22% on Friday, hitting $50.73. The stock had a trading volume of 156,865 shares. Protective Life Corp. has a 1-year low of $36.36 and a 1-year high of $54.48. The stock has a 50-day moving average of $51. and a 200-day moving average of $50.22. The company has a market cap of $4.000 billion and a P/E ratio of 10.34.
Protective Life Corp. (NYSE:PL) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.15 by $0.04. During the same quarter in the prior year, the company posted $0.89 earnings per share. Analysts expect that Protective Life Corp. will post $4.83 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 9th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Wednesday, May 21st. This is a boost from Protective Life Corp.’s previous quarterly dividend of $0.20.
Several analysts have recently commented on the stock. Analysts at Bank of America upgraded shares of Protective Life Corp. from an “underperform” rating to a “buy” rating in a research note on Friday. They now have a $62.00 price target on the stock, up previously from $53.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Protective Life Corp. in a research note on Wednesday. They now have a $56.00 price target on the stock. Finally, analysts at Macquarie raised their price target on shares of Protective Life Corp. from $50.00 to $51.00 in a research note on Friday, May 9th.
Protective Life Corporation is a holding company. The Company, along with its subsidiaries, provides financial services through the production, distribution, and administration of insurance and investment products.
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