Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY – Get Rating) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 177,700 shares, a decrease of 55.8% from the March 15th total of 401,600 shares. Based on an average daily trading volume, of 531,100 shares, the days-to-cover ratio is presently 0.3 days.
A number of equities research analysts have recently issued reports on PNGAY shares. Zacks Investment Research raised shares of Ping An Insurance (Group) Company of China from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 16th. JPMorgan Chase & Co. lowered shares of Ping An Insurance (Group) Company of China from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 11th.
Shares of PNGAY stock traded up $0.37 on Friday, hitting $14.48. 189,111 shares of the stock traded hands, compared to its average volume of 439,755. The firm’s 50-day moving average price is $15.03 and its two-hundred day moving average price is $14.96. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $132.35 billion, a PE ratio of 8.18 and a beta of 0.74. Ping An Insurance has a twelve month low of $11.85 and a twelve month high of $23.72.
Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY – Get Rating) last announced its quarterly earnings results on Thursday, March 17th. The company reported $0.35 earnings per share for the quarter. Ping An Insurance (Group) Company of China had a net margin of 7.89% and a return on equity of 9.81%. The firm had revenue of $47.44 billion for the quarter. On average, equities research analysts anticipate that Ping An Insurance will post 1.94 EPS for the current fiscal year.
About Ping An Insurance (Group) Company of China (Get Rating)
Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and fintech and healthtech businesses in the People’s Republic of China. The company’s Life and Health Insurance segment offers term, whole-life, endowment, annuity, investment-linked, universal life, and health care and medical insurance to individual and corporate customers.
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Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.