Business insurance

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Brief Interest Update


Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAYGet a rating) benefited from a significant drop in short-term interest rates in April. As of April 15, there was short interest totaling 42,900 shares, down 75.9% from the March 31 total of 177,700 shares. Based on an average trading volume of 1,248,800 shares, the day-to-cover ratio is currently 0.0 day.

Several equity research analysts have recently weighed in on PNGAY shares. JPMorgan Chase & Co. downgraded shares of Ping An Insurance (Group) Company of China from an “overweight” rating to a “neutral” rating in a Tuesday, January 11 research note. Zacks Investment Research upgraded shares of Ping An Insurance (Group) Company of China from a “strong sell” rating to a “hold” rating in a Wednesday, March 16 research report.

OTCMKTS:PNGAY traded down $0.31 during Friday trading hours, hitting $12.30. 356,715 shares of the company were traded, against an average volume of 495,580. The company has a market capitalization of $114.62 billion, a P/E ratio of 6.95 and a beta of 0.74. Ping An Insurance has a 12-month minimum of $11.85 and a 12-month maximum of $22.15. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt ratio of 1.02. The company’s 50-day simple moving average is $14.25 and its two-hundred-day simple moving average is $14.89.

Ping An Insurance Company (Group) of China (OTCMKTS:PNGAYGet a rating) last released its results on Thursday, March 17. The company reported earnings per share (EPS) of $0.35 for the quarter. Ping An Insurance (Group) Company of China posted a net margin of 7.89% and a return on equity of 9.81%. The company had revenue of $47.44 billion in the quarter. As a group, sell-side analysts expect Ping An Insurance to post earnings per share of 1.94 for the current fiscal year.

About Ping An Insurance (Group) Company of China (Get a rating)

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services to insurance, banking, asset management, financial technology and health technology businesses in the People’s Republic of China. The Company’s Life and Health Insurance segment offers term, whole life, accumulation, annuity, investment-linked, universal life, healthcare and medical insurance to individuals and businesses.

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