NEW YORK ( TheStreet) -- Protective Life (NYSE: PL) hit a new 52-week low Wednesday as it is currently trading at $16, below its previous 52-week low of $16.01 with 184,023 shares traded as of 1:19 p.m. ET. Average volume has been 828,000 shares over the past 30 days. Protective Life has a market cap of $1.4 billion and is part of the financial sector and insurance industry. Shares are down 38.5% year to date as of the close of trading on Tuesday. Protective Life Corporation and its subsidiaries engage in the production, distribution, and administration of insurance and investment products in the United States. It operates in five segments: Life Marketing, Acquisitions, Annuities, Stable Value Products, and Asset Protection. The company has a P/E ratio of 4.7, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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