Ping An Insurance Co. of China (OTCMKTS:PNGAY – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, Zacks reports. Ping An Insurance Co. of China had a return on equity of 10.48% and a net margin of 11.89%.The business had revenue of $33.66 billion during the quarter.
Ping An Insurance Co. of China Trading Up 4.1%
Shares of OTCMKTS:PNGAY traded up $0.59 during trading on Friday, reaching $14.97. 50,275 shares of the stock were exchanged, compared to its average volume of 169,550. Ping An Insurance Co. of China has a 12 month low of $9.90 and a 12 month high of $18.92. The stock has a 50-day moving average price of $17.24 and a 200-day moving average price of $15.90. The firm has a market cap of $136.83 billion, a PE ratio of 7.03 and a beta of 0.24.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded shares of Ping An Insurance Co. of China from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Ping An Insurance Co. of China currently has an average rating of “Hold”.
About Ping An Insurance Co. of China
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.
Further Reading
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