Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) Posts Earnings Results

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) released its earnings results on Thursday. The company reported $0.58 EPS for the quarter, reports. The company had revenue of $38.42 billion during the quarter. Ping An Insurance (Group) Company of China had a return on equity of 6.80% and a net margin of 8.22%.

Ping An Insurance (Group) Company of China Price Performance

PNGAY opened at $9.13 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.51 and a current ratio of 0.51. Ping An Insurance has a 1-year low of $7.60 and a 1-year high of $12.82. The company has a 50-day moving average of $8.94 and a 200-day moving average of $9.16. The company has a market capitalization of $83.45 billion, a P/E ratio of 6.97 and a beta of 0.41.

Ping An Insurance (Group) Company of China Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, September 5th will be issued a dividend of $0.215 per share. The ex-dividend date is Thursday, September 5th. Ping An Insurance (Group) Company of China’s dividend payout ratio is currently 54.96%.

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.