Ping An Insurance Co. of China (OTCMKTS:PNGAY) Sets New 1-Year High – Here’s What Happened

Ping An Insurance Co. of China Ltd. (OTCMKTS:PNGAY)’s share price hit a new 52-week high on Monday . The company traded as high as $17.5450 and last traded at $17.5450, with a volume of 13911 shares changing hands. The stock had previously closed at $17.28.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Ping An Insurance Co. of China from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Ping An Insurance Co. of China Stock Down 0.9%

The business’s fifty day moving average is $15.70 and its 200-day moving average is $14.51. The company has a market cap of $166.35 billion, a PE ratio of 8.54 and a beta of 0.24.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter. Ping An Insurance Co. of China had a net margin of 11.89% and a return on equity of 10.48%. The business had revenue of $49.63 billion for the quarter. Analysts forecast that Ping An Insurance Co. of China Ltd. will post 2.12 EPS for the current fiscal year.

Ping An Insurance Co. of China Company Profile

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.