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Protective Insurance Corporation is an insurance-property & casualty business based in the US. Protective Insurance Corporation shares (PTVCB) are listed on the NASDAQ and all prices are listed in US Dollars. Protective Insurance Corporation employs 490 staff and has a trailing 12-month revenue of around 0.00.
|52-week range||$11.44 - $23.15|
|50-day moving average||$22.97|
|200-day moving average||$17.22|
|Wall St. target price||$28.53|
|Dividend yield||$0.4 (1.74%)|
|Earnings per share (TTM)||$0.31|
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Valuing Protective Insurance Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Protective Insurance Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Protective Insurance Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 74x. In other words, Protective Insurance Corporation shares trade at around 74x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Protective Insurance Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $13.7 million.
The EBITDA is a measure of a Protective Insurance Corporation's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$468.7 million|
|Operating margin TTM||1.68%|
|Gross profit TTM||$3.8 million|
|Return on assets TTM||0.29%|
|Return on equity TTM||1.23%|
|Market capitalisation||$325.6 million|
TTM: trailing 12 months
There are currently 73,574 Protective Insurance Corporation shares held short by investors – that's known as Protective Insurance Corporation's "short interest". This figure is 13% up from 65,130 last month.
There are a few different ways that this level of interest in shorting Protective Insurance Corporation shares can be evaluated.
Protective Insurance Corporation's "short interest ratio" (SIR) is the quantity of Protective Insurance Corporation shares currently shorted divided by the average quantity of Protective Insurance Corporation shares traded daily (recently around 66282.882882883). Protective Insurance Corporation's SIR currently stands at 1.11. In other words for every 100,000 Protective Insurance Corporation shares traded daily on the market, roughly 1110 shares are currently held short.
However Protective Insurance Corporation's short interest can also be evaluated against the total number of Protective Insurance Corporation shares, or, against the total number of tradable Protective Insurance Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Protective Insurance Corporation's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Protective Insurance Corporation shares in existence, roughly 10 shares are currently held short) or 0.0078% of the tradable shares (for every 100,000 tradable Protective Insurance Corporation shares, roughly 8 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Protective Insurance Corporation.
Find out more about how you can short Protective Insurance Corporation stock.
Dividend payout ratio: 14.78% of net profits
Recently Protective Insurance Corporation has paid out, on average, around 14.78% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.74% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Protective Insurance Corporation shareholders could enjoy a 1.74% return on their shares, in the form of dividend payments. In Protective Insurance Corporation's case, that would currently equate to about $0.4 per share.
While Protective Insurance Corporation's payout ratio might seem low, this can signify that Protective Insurance Corporation is investing more in its future growth.
Protective Insurance Corporation's most recent dividend payout was on 9 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 3 March 2021 (the "ex-dividend date").
Protective Insurance Corporation's shares were split on a 5:4 basis on 3 March 2003. So if you had owned 4 shares the day before before the split, the next day you'd have owned 5 shares. This wouldn't directly have changed the overall worth of your Protective Insurance Corporation shares – just the quantity. However, indirectly, the new 20% lower share price could have impacted the market appetite for Protective Insurance Corporation shares which in turn could have impacted Protective Insurance Corporation's share price.
Over the last 12 months, Protective Insurance Corporation's shares have ranged in value from as little as $11.4448 up to $23.15. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Protective Insurance Corporation's is 0.6691. This would suggest that Protective Insurance Corporation's shares are less volatile than average (for this exchange).
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.
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