Protective Life Corp. (PL) Insider Buys Over 3,000 Shares

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Protective Life Corp. (NYSE:PL), saw one of its insiders raise his stake in the company through a series of transactions that were officially filed today, August 8th. Senior Vice President and Chief of Human Resources Scott D. Adams purchased a total of 3,137 shares of stock through multiple transactions at prices ranging from $18.36 to $69.43 per share. Following the completion of this transaction, Adams now has 54,424.128 shares invested in the company directly, while having 2,141.01 shares indirectly involved.
A $5.49 billion market cap corporation, Protective Life Corp. (NYSE:PL) is a holding company that, along with its subsidiaries, provides financial services through the production, distribution, and administration of insurance and investment products. The Company’s operating segments include Life Marketing, Acquisitions, Annuities, Stable Value Products, and Asset Protection. Protective Life Insurance Company (PLICO) is the Company’s subsidiary.
In addition, the biggest hedge fund involvement comes from Ken Fisher‘s Fisher Asset Management, which has 1,711,264 shares worth about $90 million invested in the company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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