Ping An Insurance Co. of China (OTCMKTS:PNGAY) Sets New 52-Week High – Time to Buy?

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $15.26 and last traded at $15.26, with a volume of 123324 shares. The stock had previously closed at $14.89.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Ping An Insurance Co. of China from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Ping An Insurance Co. of China currently has a consensus rating of “Strong Buy”.

Ping An Insurance Co. of China Stock Up 2.5%

The firm has a market capitalization of $138.94 billion, a P/E ratio of 7.16 and a beta of 0.35. The company has a current ratio of 0.47, a quick ratio of 0.49 and a debt-to-equity ratio of 0.59. The company has a 50 day simple moving average of $14.10 and a two-hundred day simple moving average of $13.35.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 EPS for the quarter. Ping An Insurance Co. of China had a net margin of 11.89% and a return on equity of 10.60%. The business had revenue of $49.63 billion during the quarter. On average, equities analysts predict that Ping An Insurance Co. of China Ltd. will post 2.12 EPS for the current fiscal year.

Ping An Insurance Co. of China Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, September 12th were given a dividend of $0.219 per share. The ex-dividend date was Thursday, September 11th. This represents a yield of 424.0%. Ping An Insurance Co. of China’s dividend payout ratio (DPR) is 20.66%.

Ping An Insurance Co. of China Company Profile

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and technology businesses in the People's Republic of China. The company operates through Life and Health Insurance; Property and Casualty Insurance; Banking; Asset Management; and Technology segments.