Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAY) Forecasted to Post FY2023 Earnings of $2.52 Per Share

Ping An Insurance (Group) Company of China, Ltd. (OTCMKTS:PNGAYGet Rating) – Research analysts at Jefferies Financial Group decreased their FY2023 EPS estimates for Ping An Insurance (Group) Company of China in a research note issued on Thursday, September 15th. Jefferies Financial Group analyst S. Chen now anticipates that the company will post earnings per share of $2.52 for the year, down from their previous estimate of $2.53. The consensus estimate for Ping An Insurance (Group) Company of China’s current full-year earnings is $1.86 per share.

Ping An Insurance (Group) Company of China Trading Down 0.9 %

Ping An Insurance (Group) Company of China stock opened at $11.61 on Monday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market cap of $106.12 billion, a price-to-earnings ratio of 6.56 and a beta of 0.53. Ping An Insurance has a 1 year low of $10.80 and a 1 year high of $17.86. The firm’s 50 day moving average price is $11.76 and its two-hundred day moving average price is $12.73.

Ping An Insurance (Group) Company of China Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, October 31st. Investors of record on Tuesday, September 20th will be paid a $0.2585 dividend. This represents a dividend yield of 5.59%. The ex-dividend date of this dividend is Monday, September 19th. Ping An Insurance (Group) Company of China’s payout ratio is presently 44.63%.

Ping An Insurance (Group) Company of China Company Profile

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Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and fintech and healthtech businesses in the People's Republic of China. The company's 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.

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