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Ping An Insurance Company of China Ltd (HK:2318)
HKEX:2318
RESEARCH TOOLSreports
Ping An Insurance Company of China (2318) Stock Price & Analysis
114 Followers
2318 Stock Chart & Stats
Day’s RangeHK$0 - HK$0
52-Week RangeHK$28.37 - HK$53.99
Previous CloseHK$34.1
Volume126.16M
Average Volume (3M)48.94M
Market Cap
HK$727.23B
Enterprise ValueN/A
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)6.7
Beta1.52
Next Earnings
Aug 22, 2024EPS Estimate
HK$2.43Last Dividend Ex-Date
Jun 07, 2024Dividend Yield7.65%
Share Statistics
EPS (TTM)5.09
Shares Outstanding7,447,576,912
10 Day Avg. Volume40,511,000
30 Day Avg. Volume48,938,518
Standard Deviation0.07
R-Squared0.64
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$52.61Price Target Upside54.28% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Ping An Insurance Company of China News
PremiumCompany Announcements
Ping An Proposes Cancellation of Repurchased Shares
PremiumCompany Announcements
Ping An Plans $3.5 Billion Convertible Bond Issue
PremiumCompany Announcements
Ping An Insurance Plans Convertible Bonds Issue
PremiumCompany Announcements
Ping An Insurance Reports Mixed Premium Growth
PremiumCompany Announcements
Ping An Insurance Plans Potential Bond Issues
PremiumCompany Announcements
Ping An Set to Expand Control Over Lufax
PremiumCompany Announcements
Ping An Insurance Schedules Key Board MeetingBulls Say, Bears Say
Bulls Say
Asset ManagementAsset management segment returned to profit with Rmb0.9bn this quarter after significant losses in previous quarters.
Financial PerformancePing An’s first-quarter results show resilience in core lines, with Life VNB +20.7% YoY to RMB12.9bn under new EV assumptions, beating market consensus.
Market SentimentNew stimulus to the property sector and potential removal of dividend tax on Stock Connect for retail investors boosted sentiment for the sector.
Bears Say
Earnings DeclineGroup's operating profit after tax (OPAT) decreased by 3% year over year, continuing a trend of declining earnings.
Lower Profit EstimatesAnalyst lowers net profit estimates for the coming years by 5-9%, citing reduced operating profit expectations.
Profitability ConcernsConcerns over long-term profitability of insurance policies due to higher-than-expected cancer rates and diagnosis delays.
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Options Prices
Currently, No data available
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Ownership Overview
0.00%
Insiders
11.47% Mutual Funds
6.47% Other Institutional Investors
82.06% Public Companies and
Individual Investors
2318 FAQ
What was Ping An Insurance Company of China Ltd’s price range in the past 12 months?
Ping An Insurance Company of China Ltd lowest stock price was HK$28.37 and its highest was HK$53.99 in the past 12 months.
What is Ping An Insurance Company of China Ltd’s market cap?
Currently, no data Available
When is Ping An Insurance Company of China Ltd’s upcoming earnings report date?
Ping An Insurance Company of China Ltd’s upcoming earnings report date is Aug 22, 2024 which is in 35 days.
How were Ping An Insurance Company of China Ltd’s earnings last quarter?
Ping An Insurance Company of China Ltd released its earnings results on Apr 23, 2024. The company reported HK$2.183 earnings per share for the quarter, missing the consensus estimate of HK$2.581 by -HK$0.398.
Is Ping An Insurance Company of China Ltd overvalued?
According to Wall Street analysts Ping An Insurance Company of China Ltd’s price is currently Undervalued.
Does Ping An Insurance Company of China Ltd pay dividends?
Ping An Insurance Company of China Ltd pays a Annually dividend of HK$1.63 which represents an annual dividend yield of 7.65%. See more information on Ping An Insurance Company of China Ltd dividends here
What is Ping An Insurance Company of China Ltd’s EPS estimate?
Ping An Insurance Company of China Ltd’s EPS estimate is HK$2.43.
How many shares outstanding does Ping An Insurance Company of China Ltd have?
Ping An Insurance Company of China Ltd has 7,447,577,000 shares outstanding.
What happened to Ping An Insurance Company of China Ltd’s price movement after its last earnings report?
Ping An Insurance Company of China Ltd reported an EPS of HK$2.183 in its last earnings report, missing expectations of HK$2.581. Following the earnings report the stock price went up 2.964%.
Which hedge fund is a major shareholder of Ping An Insurance Company of China Ltd?
Currently, no hedge funds are holding shares in HK:2318
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Ping An Insurance Company of China Stock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
HK$52.61 (54.28% Upside)
HK$52.61 (54.28% Upside)
Blogger Sentiment
Bullish
HK:2318 Sentiment 100%
Sector Average 70%
Sector Average 70%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-33.90%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
0.92%
Trailing 12-Months
Company Description
Ping An Insurance Company of China Ltd
Ping An Insurance (Group) Co. of China Ltd. engages in the provision of financial products and services. It operates through the following segments: Insurance, Banking, Trust, Securities, Other Asset Management, Technology, and Others. The Insurance segment offers life, property and casualty, pension, and health insurance services. The Banking segment undertakes loan and intermediary business, wealth management, and credit card services. The Trust segment provides trust services and undertakes investing activities. The Securities segment undertakes brokerage, trading, investment banking and asset management services. The Other Asset Management business segment provides investment management services and financial leasing business, reflecting performance of asset management and financial leasing and the other asset management subsidiaries. The Technology business segment provides financial and daily-life services through internet platforms such as financial transaction information service platform, health care service platform, reflecting performance summary of the technology business subsidiaries, associates and jointly controlled entities. The company was founded by Ming Zhe Ma on March 21, 1988 and is headquartered in Shenzhen, China.
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2318 Company Deck
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2318 Earnings Call
Q4 2024
0:00 / 0:00
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2318 Stock 12 Month Forecast
Average Price Target
HK$52.61
▲(54.28% Upside)
Technical Analysis
Ping An Insurance Company of China
―
Aegon
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Barclays
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CNA Financial
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Manulife Financial
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Best Analysts Covering 2318
1 Year
1 Year Success Rate
2/5 ratings generated profit
1 Year Average Return
-9.62%
reiterated a buy rating 2 months ago
Copying Shengbo Tang's trades and holding each position for 1 Year would result in 40.00% of your transactions generating a profit, with an average return of -9.62% per trade.
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