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Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
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Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.40
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.40
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.40
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
OTCMKTS:PNGAY

Ping An Insurance (Group) Company of China (PNGAY) Stock Price, News & Analysis

$8.52
+0.11 (+1.31%)
(As of 03/28/2024 ET)
Today's Range
$8.40
$8.55
50-Day Range
$7.81
$9.64
52-Week Range
$7.61
$15.66
Volume
289,585 shs
Average Volume
234,772 shs
Market Capitalization
$77.87 billion
P/E Ratio
6.26
Dividend Yield
5.05%
Price Target
N/A

Ping An Insurance (Group) Company of China MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.00% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.27mentions of Ping An Insurance (Group) Company of China in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.59%
From $1.98 to $2.15 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.24 out of 5 stars

PNGAY stock logo

About Ping An Insurance (Group) Company of China Stock (OTCMKTS:PNGAY)

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. Its 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. The company's Property and Casualty Insurance segment provides auto, non-auto, and accident and health insurance to individual and corporate customers. Its Banking segment undertakes loan and intermediary businesses with corporate and retail customers; and offers wealth management and credit card services to individual customers. The company's Trust segment provides trust services; and undertakes investing activities. Its Securities segment offers brokerage, trading, investment banking, and asset management services. The company's Other Asset Management segment provides investment management, finance lease, and other asset management services. Its Technology segment offers financial and daily-life services through internet platforms, such as financial transaction information service, and health care service platforms. The company also provides annuity insurance, IT and business process outsourcing, real estate investment and management, futures brokerage, project investment, currency brokerage, property agency, fund raising and distribution, real estate development and leasing, and insurance agency services. In addition, it provides factoring, equity investment, logistics and warehousing, management consulting, e-commerce, and credit information services; and operates an expressway, as well as produces and sells consumer chemicals. The company was incorporated in 1988 and is based in Shenzhen, China.

PNGAY Stock Price History

PNGAY Stock News Headlines

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China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.
Ping An Insurance Group Co of China Ltd (601318)
India Shares Rise 0.5%; Tech Stocks Support
15 Best Group Insurance Companies Heading into 2024
Chinese Shares Open Lower; Xi-Biden Summit in Focus
Ping An reports 9M results
Ping An Maintains Resilient Performance in 9M 2023
See More Headlines
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Company Calendar

Today
3/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Insurance carriers, not elsewhere classified
Sub-Industry
N/A
Current Symbol
OTCMKTS:PNGAY
CIK
N/A
Employees
570,000
Year Founded
1988

Profitability

Net Income
$12.12 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$146.00 billion
Cash Flow
$1.71 per share
Book Value
$19.11 per share

Miscellaneous

Outstanding Shares
9,140,120,000
Free Float
9,134,636,000
Market Cap
$77.87 billion
Optionable
Not Optionable
Beta
0.49

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Key Executives

  • Mr. Mingzhe Ma (Age 68)
    Founder & Executive Chairman
    Comp: $550.02k
  • Mr. Yonglin Xie Ph.D. (Age 56)
    Co-CEO, President & Executive Director
    Comp: $622.82k
  • Mr. Benjamin Deng (Age 55)
    Assistant President & Chief Investment Officer
  • Ms. Xiaolu Zhang (Age 56)
    Chief Risk Officer, Compliance Officer & Head of Group Compliance
  • Ms. Fangfang Cai (Age 50)
    Senior VP & Executive Director
    Comp: $543.77k
  • Mr. Baoxin Huang (Age 59)
    Senior VP & GM of Beijing Head Office of the Group
  • Ms. Xin Fu (Age 44)
    Senior VP & Director of the Group's Strategic Development Center
  • Mr. Ruisheng Sheng (Age 54)
    Company Secretary, Board Secretary & Brand Director
  • Mr. Michael Guo (Age 51)
    Co-CEO & Senior VP
  • Mr. Xiaotao Guo (Age 51)
    Co-Chief Executive Officer

Should I Buy Ping An Insurance (Group) Company of China Stock? PNGAY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Ping An Insurance (Group) Company of China, Ltd.:

  • Ping An Insurance (Group) Company of China, Ltd. ranked 33rd in the Fortune Global 500 List, showcasing its strong global presence and financial stability.
  • The company offers a diverse range of financial products and services, including insurance, banking, asset management, and technology businesses, providing investors with exposure to multiple sectors.
  • Ping An has maintained its position as the 1st among global insurance enterprises for five consecutive years, indicating its industry leadership and consistent performance.
  • The company's technology segment offers innovative financial and daily-life services through internet platforms, demonstrating a focus on digital transformation and future growth.
  • Investors may find the current stock price of Ping An Insurance (Group) Company of China, Ltd. attractive for potential investment opportunities, considering its strong market position and growth prospects.

Cons

Investors should be bearish about investing in Ping An Insurance (Group) Company of China, Ltd. for these reasons:

  • While Ping An offers a wide range of services, the company's extensive business portfolio may pose challenges in terms of operational complexity and risk management.
  • As an insurance company, Ping An is subject to regulatory changes and market fluctuations that could impact its financial performance and profitability.
  • Investing in a company based in China, like Ping An, involves exposure to geopolitical risks and potential regulatory uncertainties that may affect investor sentiment.
  • The competitive landscape in the insurance industry is intense, and Ping An faces competition from both domestic and international players, which could impact its market share and growth prospects.
  • While the company has shown resilience and growth, investors should carefully assess the overall economic conditions and market trends before making investment decisions in Ping An Insurance (Group) Company of China, Ltd.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, March 27, 2024. Please send any questions or comments about these Ping An Insurance (Group) Company of China pros and cons to contact@marketbeat.com.

PNGAY Stock Analysis - Frequently Asked Questions

How have PNGAY shares performed in 2024?

Ping An Insurance (Group) Company of China's stock was trading at $9.02 at the start of the year. Since then, PNGAY shares have decreased by 5.5% and is now trading at $8.52.
View the best growth stocks for 2024 here
.

Are investors shorting Ping An Insurance (Group) Company of China?

Ping An Insurance (Group) Company of China saw a decline in short interest during the month of February. As of February 15th, there was short interest totaling 463,400 shares, a decline of 56.4% from the January 31st total of 1,062,300 shares. Based on an average daily trading volume, of 999,100 shares, the days-to-cover ratio is presently 0.5 days.
View Ping An Insurance (Group) Company of China's Short Interest
.

How often does Ping An Insurance (Group) Company of China pay dividends? What is the dividend yield for Ping An Insurance (Group) Company of China?

Ping An Insurance (Group) Company of China announced a dividend on Thursday, August 31st. Shareholders of record on Monday, September 11th will be given a dividend of $0.2097 per share on Monday, November 6th. The ex-dividend date is Friday, September 8th.
Read our dividend analysis for PNGAY
.

Is Ping An Insurance (Group) Company of China a good dividend stock?

Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) pays an annual dividend of $0.43 per share and currently has a dividend yield of 5.06%. PNGAY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 31.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNGAY will have a dividend payout ratio of 20.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PNGAY.

How do I buy shares of Ping An Insurance (Group) Company of China?

Shares of PNGAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:PNGAY) was last updated on 3/29/2024 by MarketBeat.com Staff

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