Protective Life Corp. SVP Steven G. Walker Sells 27,300 Shares (PL)
Protective Life Corp. (NYSE:PL) SVP Steven G. Walker sold 27,300 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $69.41, for a total value of $1,894,893.00. Following the sale, the senior vice president now directly owns 24,712 shares in the company, valued at approximately $1,715,260. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Protective Life Corp. in a research note on Tuesday, July 1st. They now have a $70.00 price target on the stock, up previously from $49.00. Separately, analysts at Barclays downgraded shares of Protective Life Corp. from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 5th. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Protective Life Corp. in a research note on Wednesday, June 4th. They now have a $70.00 price target on the stock, up previously from $53.00. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Protective Life Corp. currently has a consensus rating of “Hold” and a consensus target price of $61.80.
Shares of Protective Life Corp. (NYSE:PL) traded up 0.39% during mid-day trading on Friday, hitting $69.65. 762,160 shares of the company’s stock traded hands. Protective Life Corp. has a 1-year low of $41.26 and a 1-year high of $69.88. The stock has a 50-day moving average of $69.40 and a 200-day moving average of $57.34. The company has a market cap of $5.493 billion and a P/E ratio of 13.93.
Protective Life Corp. (NYSE:PL) last announced its earnings results on Monday, August 4th. The company reported $1.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.20 by $0.11. During the same quarter last year, the company posted $0.96 earnings per share. On average, analysts predict that Protective Life Corp. will post $4.89 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, August 14th.
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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