Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) Downgraded by Jefferies Financial Group to Hold

Posted by on Oct 25th, 2024

Jefferies Financial Group downgraded shares of Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY – Free Report) from a buy rating to a hold rating in a research report sent to investors on Tuesday, Marketbeat Ratings reports.

Ping An Insurance (Group) Company of China Trading Up 0.3 %

Shares of Ping An Insurance (Group) Company of China stock opened at $12.57 on Tuesday. Ping An Insurance has a fifty-two week low of $7.60 and a fifty-two week high of $15.80. The business’s fifty day moving average is $10.79 and its two-hundred day moving average is $9.83. The company has a quick ratio of 0.51, a current ratio of 0.50 and a debt-to-equity ratio of 0.65. The firm has a market cap of $114.25 billion, a PE ratio of 9.04 and a beta of 0.44.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY – Get Free Report) last released its earnings results on Thursday, August 22nd. The company reported $0.58 earnings per share for the quarter. Ping An Insurance (Group) Company of China had a return on equity of 7.25% and a net margin of 8.70%. The firm had revenue of $38.42 billion for the quarter. Analysts anticipate that Ping An Insurance will post 1.93 earnings per share for the current year.

Ping An Insurance (Group) Company of China Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, October 28th. Investors of record on Thursday, September 5th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Thursday, September 5th. Ping An Insurance (Group) Company of China’s dividend payout ratio (DPR) is 30.94%.

Ping An Insurance (Group) Company of China Company Profile

(Get Free Report)

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.

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