Dimensional Fund Advisors LP Lowers Stake in Protective Insurance Corp (PTVCB)

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Dimensional Fund Advisors LP lessened its holdings in Protective Insurance Corp (NASDAQ:PTVCB) by 1.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,029,393 shares of the company’s stock after selling 10,349 shares during the period. Dimensional Fund Advisors LP owned about 0.07% of Protective Insurance worth $17,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Legal & General Group Plc bought a new position in shares of Protective Insurance during the 3rd quarter worth approximately $31,000. FNY Investment Advisers LLC bought a new position in shares of Protective Insurance during the 4th quarter worth approximately $56,000. First Quadrant L P CA bought a new position in shares of Protective Insurance during the 4th quarter worth approximately $59,000. O Shaughnessy Asset Management LLC raised its stake in shares of Protective Insurance by 56.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,588 shares of the company’s stock worth $110,000 after acquiring an additional 2,369 shares in the last quarter. Finally, McQueen Ball & Associates Inc. bought a new position in shares of Protective Insurance during the 4th quarter worth approximately $169,000. 48.70% of the stock is owned by hedge funds and other institutional investors.

Shares of Protective Insurance stock opened at $16.87 on Wednesday. Protective Insurance Corp has a 12-month low of $15.81 and a 12-month high of $25.70.

Protective Insurance (NASDAQ:PTVCB) last issued its quarterly earnings results on Tuesday, February 26th. The company reported ($0.58) earnings per share (EPS) for the quarter. Protective Insurance had a negative net margin of 7.80% and a negative return on equity of 3.67%. The company had revenue of $107.06 million for the quarter.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 12th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.40 dividend on an annualized basis and a yield of 2.37%.

Separately, ValuEngine lowered shares of 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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Institutional Ownership by Quarter for Protective Insurance (NASDAQ:PTVCB)

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