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Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Ping An Insurance (Group) Company of China logo with Finance background

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.71 and traded as low as $11.53. Ping An Insurance (Group) Company of China shares last traded at $11.72, with a volume of 98,447 shares traded.

Ping An Insurance (Group) Company of China Trading Down 1.1%

The company has a 50 day moving average price of $11.67 and a 200 day moving average price of $11.69. The firm has a market cap of $106.07 billion, a PE ratio of 6.44 and a beta of 0.33.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $0.40 EPS for the quarter. Ping An Insurance (Group) Company of China had a return on equity of 9.32% and a net margin of 10.66%. The business had revenue of $35.29 billion for the quarter. As a group, equities research analysts anticipate that Ping An Insurance will post 2.12 earnings per share for the current fiscal year.

Ping An Insurance (Group) Company of China Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, May 19th will be paid a dividend of $0.3797 per share. The ex-dividend date of this dividend is Friday, May 16th. This is an increase from Ping An Insurance (Group) Company of China's previous dividend of $0.22. This represents a dividend yield of 7.71%. Ping An Insurance (Group) Company of China's dividend payout ratio (DPR) is currently 42.13%.

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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