NEW YORK ( TheStreet) -- Protective Life (NYSE: PL) hit a new 52-week low Monday as it is currently trading at $14.90, below its previous 52-week low of $14.92 with 366,156 shares traded as of 12:40 p.m. ET. Average volume has been 848,000 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 41.3% year to date as of the close of trading on Friday. 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 4.6, 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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