E Daily Stock Tip: Protective Insurance Corp. (PTVCA)

This week, I'm seeking a second stalwart dividend financial services sector representative for my new Ivy portfolio. 

Financial Services includes twenty industries ranging from Asset Management to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurance, Savings, and all such financial concerns.

Today I'm reviewing a small-cap insurance - property and casualty company, Protective Insurance Corporation. Its trading ticker symbol is PTVCA.

Protective Insurance Corporation is engaged in marketing and underwriting property and casualty insurance and also acts as a reinsurer for limited risk. It also provides private passenger automobile products and workers' compensation.

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. 

It also provides various additional services, such as risk surveys and analyses, safety program design and monitoring, government compliance assistance, loss control, and cost studies; research, development, and consultation in connection with new insurance programs that comprise development of systems to assist customers in monitoring accident data; and claims handling services to clients with self-insurance programs. 

It serves trucking and public transportation fleets, as well as independent contractors in the trucking industry. The company primarily operates in the United States, Canada, Bermuda, and Puerto Rico. 

The company was formerly known as Baldwin & Lyons, Inc. and changed the name to Protective Insurance Corporation in August, 2018.

Protective Insurance Corporation was founded in 1930 and is headquartered in Carmel, Indiana.

I use three key data points to gauge the value of any dividend equity or fund like Protective Insurance Corporation (PTVCA): 

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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