PICC Property and Casualty (OTCMKTS:PPCCY) Trading Up 2% – Should You Buy?

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY)’s share price was up 2% during trading on Wednesday . The company traded as high as $55.55 and last traded at $55.45. Approximately 1,716 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 1,956 shares. The stock had previously closed at $54.35.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded PICC Property and Casualty to a “buy” rating in a report on Tuesday, May 27th.

PICC Property and Casualty Price Performance

The firm has a 50-day moving average price of $50.04 and a 200 day moving average price of $46.70.

PICC Property and Casualty Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, August 25th. Stockholders of record on Tuesday, July 8th will be given a $0.97 dividend. This represents a dividend yield of 322.0%. The ex-dividend date is Monday, July 7th. This is a positive change from PICC Property and Casualty’s previous dividend of $0.59. PICC Property and Casualty’s payout ratio is 49.94%.

About PICC Property and Casualty

PICC Property and Casualty Company Limited, together with its subsidiaries, operates as a property and casualty insurance company in the People's Republic of China. It operates through Motor Vehicle, Accidental Injury and Health, Agriculture, Liability, Commercial Property, and Others segments. The company offers accidental injury and medical expenses, short-term health, homeowners, special risk, marine hull, construction, household property, cargo, credit and surety, accidental injury, and other insurance products.