Protective Insurance (NASDAQ:PTVCA) released its earnings results on Wednesday. The company reported ($0.95) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($1.25), Morningstar.com reports. The firm had revenue of $105.80 million during the quarter. Protective Insurance had a net margin of 6.26% and a return on equity of 3.96%.
Shares of NASDAQ PTVCA traded up $0.65 during trading on Friday, hitting $21.50. 21,765 shares of the company traded hands, compared to its average volume of 4,845. Protective Insurance has a fifty-two week low of $20.77 and a fifty-two week high of $24.86. The firm has a market capitalization of $312.60 million, a P/E ratio of 19.13 and a beta of 0.37.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Tuesday, November 20th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, November 19th. This represents a $1.12 annualized dividend and a dividend yield of 5.21%.
Protective Insurance Corporation, through its subsidiaries, engages in marketing and underwriting property and casualty insurance products. The company offers a range of fleet transportation insurance products, including 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 products consisting of cargo insurance.
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