Ping An Insurance (Group) Company of China (OTCMKTS:PIAIF) Shares Up 2.9% – Here’s Why

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PIAIF) was up 2.9% on Thursday . The company traded as high as $7.00 and last traded at $7.00. Approximately 298 shares were traded during trading, a decline of 99% from the average daily volume of 20,245 shares. The stock had previously closed at $6.80.

Ping An Insurance (Group) Company of China Stock Performance

The business has a fifty day simple moving average of $6.94 and a two-hundred day simple moving average of $6.39.

Ping An Insurance (Group) Company of China Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 24th. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Wednesday, September 10th. Ping An Insurance (Group) Company of China’s payout ratio is presently 15.89%.

About Ping An Insurance (Group) Company of China

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.