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Protective Insurance Corporation is currently in a long term uptrend where the price is trading 21.9% above its 200 day moving average.
From a valuation standpoint, the stock is 92.3% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 0.7.
Protective Insurance Corporation's total revenue rose by 9.6% to $136M since the same quarter in the previous year.
Its net income has increased by 62.9% to $12M since the same quarter in the previous year.
Finally, its free cash flow grew by 29.4% to $31M since the same quarter in the previous year.
Based on the above factors, Protective Insurance Corporation gets an overall score of 5/5.
CurrencyCode | USD |
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Industry | Insurance - Property & Casualty |
Exchange | NASDAQ |
ISIN | US74368L1044 |
Sector | Financial Services |
PE Ratio | 8.45 |
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Target Price | None |
Dividend Yield | 1.7% |
Market Cap | 330M |
Beta | 0.66 |
Protective Insurance Corporation, through its subsidiaries, engages in marketing and underwriting of property and casualty insurance products. It offers commercial automobile insurance products, such as commercial motor vehicle liability, physical damage, and general liability insurance; workers compensation insurance; medical and indemnity insurance products; non-trucking motor vehicle liability insurance; fidelity and surety bonds; and inland marine insurance products consisting of cargo insurance, as well as workers' compensation insurance for the commercial automobile industry. The company also provides various additional services, such as risk surveys and analyses, safety program design and monitoring, government compliance assistance, loss control, and cost studies; research, development, and consultation in connection with new insurance programs that comprise the development of systems to assist customers in monitoring their accident data; and claims handling services to clients with self-insurance programs. Protective Insurance Corporation serves trucking and public transportation fleets, as well as independent contractors in the trucking industry. It primarily operates in the United States, Puerto Rico, Canada, and Bermuda. The company was formerly known as Baldwin & Lyons, Inc. and changed its name to Protective Insurance Corporation in August 2018. Protective Insurance Corporation was founded in 1930 and is headquartered in Carmel, Indiana. As of June 1, 2021, Protective Insurance Corporation operates as a subsidiary of The Progressive Corporation.
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