In trading on Monday, shares of Protective Life Corp. (PL) crossed below their last reported book value — defined as common shareholder equity per share — of $46.31, changing hands as low as $46.26 per share. Protective Life Corp. shares are currently trading down about 5.5% on the day. The chart below shows the one year performance of PL shares, versus its 50 and 200 day moving averages:Looking at the chart above, PL's low point in its 52 week range is $31.02 per share, with $53.08 as the 52 week high point — that compares with a last trade of $46.34. According to the ETF Finder at ETF Channel, PL makes up 2.07% of the SPDR S&P Insurance ETF ( KIE) which is trading lower by about 2.8% on the day Monday.
More from Stocks
Tesla Board Must Face Trial to Defend Huge Elon Musk Pay Deal: Report
Judge rules Elon Musk held sway over the company's compensation committee in designing package that could balloon to $70 billion.
Facebook Says It's Suspended 'Tens of Thousands' of Apps Following Investigation
Facebook says it has identified thousands of problematic apps and developers following an investigation in the wake of the Cambridge Analytica scandal last year.
Stocks End Down as China Trade Officials Cut Visit Short
Stocks finish down Friday after China trade officials cut their visit to the U.S. short.
China Trade Issues Cause Concern as Negative Seasonality Looms
Since 1960, the week following the third Friday of September has produced the most negative results of any week of the entire year.