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

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

Analysts Set New Price Targets

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

Ping An Insurance Co. of China Stock Up 1.9%

The stock’s fifty day moving average is $15.56 and its two-hundred day moving average is $14.42. The firm has a market capitalization of $160.88 billion, a price-to-earnings ratio of 8.26 and a beta of 0.24.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 EPS for the quarter. The company had revenue of $49.63 billion during the quarter. Ping An Insurance Co. of China had a net margin of 11.89% and a return on equity of 10.48%. As a group, analysts anticipate that Ping An Insurance Co. of China Ltd. will post 2.12 EPS for the current 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.