BlackRock Inc. Lowers Holdings in Protective Insurance Corp (PTVCB)
BlackRock Inc. decreased its position in Protective Insurance Corp (NASDAQ:PTVCB) by 4.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,039,356 shares of the company’s stock after selling 46,618 shares during the period. BlackRock Inc. owned about 0.07% of Protective Insurance worth $17,305,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of PTVCB. Legal & General Group Plc acquired a new stake in shares of Protective Insurance during the third quarter valued at $31,000. FNY Investment Advisers LLC acquired a new stake in shares of Protective Insurance during the fourth quarter valued at $56,000. First Quadrant L P CA acquired a new stake in shares of Protective Insurance during the fourth quarter valued at $59,000. McQueen Ball & Associates Inc. acquired a new stake in shares of Protective Insurance during the fourth quarter valued at $169,000. Finally, Rhumbline Advisers acquired a new stake in shares of Protective Insurance during the third quarter valued at $219,000. 48.70% of the stock is currently owned by institutional investors.
Shares of NASDAQ:PTVCB opened at $16.85 on Tuesday. Protective Insurance Corp has a 12-month low of $15.81 and a 12-month high of $25.70.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 12th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Monday, March 11th.
Separately, ValuEngine lowered Protective Insurance from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd.
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Protective Insurance Profile
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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