Protective Life Stock Hits New 52-Week High (PL)

NEW YORK ( TheStreet) -- Protective Life (NYSE: PL) hit a new 52-week high Monday as it is currently trading at $30.07, above its previous 52-week high of $30 with 88,907 shares traded as of 10:10 a.m. ET. Average volume has been 828,400 shares over the past 30 days.

Protective Life has a market cap of $2.14 billion and is part of the financial sector and insurance industry. Shares are up 30.8% 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. The company has a P/E ratio of 7.3, above the average insurance industry P/E ratio of 6.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Protective Life as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Protective Life Ratings Report.

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