PICC Property and Casualty (OTCMKTS:PPCCY) Shares Up 1.3% – Still a Buy?

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) shares rose 1.3% during mid-day trading on Thursday . The company traded as high as $38.75 and last traded at $38.75. Approximately 3,630 shares traded hands during mid-day trading, an increase of 59% from the average daily volume of 2,283 shares. The stock had previously closed at $38.25.

PICC Property and Casualty Price Performance

The business has a 50-day moving average of $38.92 and a 200-day moving average of $35.94.

PICC Property and Casualty Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 10th. Investors of record on Friday, November 1st were paid a dividend of $0.5872 per share. The ex-dividend date of this dividend was Friday, November 1st. PICC Property and Casualty’s dividend payout ratio is presently 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.