- The People’s Insurance Company of China (PICC) Group reported a total property and casualty insurance premium income of 428.33 billion yuan for the year-to-date period.
- The company’s year-to-date life insurance premium income stood at 96.62 billion yuan.
- PICC Group’s stock received 14 buy ratings, suggesting positive market sentiment.
- There are currently 5 hold ratings for PICC Group’s stock, indicating a wait-and-see approach by some analysts.
- No sell ratings were given for PICC Group’s stock, showing no major concerns among analysts.
People’s Insurance (PICC) on Smartkarma
People’s Insurance (PICC) has garnered positive analyst coverage on Smartkarma, with David Blennerhassett presenting a bullish sentiment in his report titled “StubWorld: Stay Long PICC (1339 HK)“. Blennerhassett highlights that PICC has rebounded from its lifetime low implied stub and simple ratio, albeit still trading below historical metrics. The report delves into the current setup/unwind tables for Asia-Pacific Holdcos, emphasizing relationships with minimum liquidity and significant market capitalization.
A look at People’s Insurance (PICC) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
The People’s Insurance Company (Group) of China Limited (PICC) is displaying strong fundamentals according to Smartkarma Smart Scores. With a near-perfect score in both value and dividend, investors can expect steady returns and a solid financial position. The growth score of 4 indicates promising potential for expansion in the future, while the resilience score of 3 suggests a moderate ability to weather economic fluctuations. Moreover, the momentum score of 5 reflects a positive trend in the company’s stock performance. Overall, based on these scores, People’s Insurance (PICC) appears well-positioned for long-term success.
The People’s Insurance Company (PICC) of China Limited is a leading provider of property and casualty insurance products in China. In addition to insurance services, the company also offers asset management solutions to a diverse clientele across the country. With top scores in value, dividend, and momentum, PICC demonstrates strong financial health and growth potential. Although the resilience score is slightly lower, indicating some vulnerability to market changes, the overall outlook for People’s Insurance (PICC) is optimistic. Investors may find PICC to be a promising long-term investment opportunity in the insurance sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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