Protective Life Corporation ( PL ) was a big mover last session with its shares rising nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading way above the past one month's volatile price range of $50.33 to $53.17.
This provider of financial services has seen 6 positive estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday's rally can turn into more strength down the road.
Protective Life currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Investors interested in the Life Insurance industry may also consider stocks like Symetra Financial Corp. ( SYA ), Lincoln National Corp. ( LNC ) and Sun Life Financial Inc. ( SLF ). While Symetra Financial sports a Zacks Rank #1 (Strong Buy), Lincoln National and Sun Life Financial carry a Zacks Rank #2 (Buy).
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