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

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 239,100 shares, a decrease of 66.6% from the September 30th total of 716,100 shares. Based on an average daily volume of 1,325,300 shares, the days-to-cover ratio is currently 0.2 days.

Ping An Insurance (Group) Company of China Trading Up 0.3 %

Shares of PNGAY stock traded up $0.04 during trading on Friday, hitting $12.57. 595,010 shares of the stock traded hands, compared to its average volume of 365,817. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.50 and a quick ratio of 0.51. The firm’s fifty day moving average price is $10.79 and its 200-day moving average price is $9.83. Ping An Insurance has a 52-week low of $7.60 and a 52-week high of $15.80. The firm has a market capitalization of $114.89 billion, a P/E ratio of 9.60 and a beta of 0.44.

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.58 earnings per share (EPS) for the quarter. Ping An Insurance (Group) Company of China had a net margin of 8.70% and a return on equity of 7.25%. The company had revenue of $38.42 billion for the quarter. As a group, research analysts forecast that Ping An Insurance will post 1.93 earnings per share for the current fiscal year.

Ping An Insurance (Group) Company of China Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, September 5th will be issued a $0.215 dividend. The ex-dividend date is Thursday, September 5th. Ping An Insurance (Group) Company of China’s dividend payout ratio is currently 32.82%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut shares of Ping An Insurance (Group) Company of China from a “buy” rating to a “hold” rating in a research report on Tuesday.

Ping An Insurance (Group) Company of China Company Profile

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.