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1 Comment
China Reinsurance (Group) Corporation is currently in a long term downtrend where the price is trading 5.3% below its 200 day moving average.
From a valuation standpoint, the stock is 98.7% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 0.2.
Its net income has increased by 18.8% to $3B since the same quarter in the previous year.
Finally, its free cash flow grew by 67.9% to $4B since the same quarter in the previous year.
Based on the above factors, China Reinsurance (Group) Corporation gets an overall score of 3/5.
Exchange | HK |
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CurrencyCode | HKD |
ISIN | CNE100002342 |
Sector | Financial Services |
Industry | Insurance - Reinsurance |
Market Cap | 41B |
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Beta | 0.72 |
PE Ratio | 3.56 |
Target Price | 0.9747 |
Dividend Yield | 5.6% |
China Reinsurance (Group) Corporation, together with its subsidiaries, operates as a reinsurance company in the People's Republic of China and internationally. The company operates through Property and Casualty Reinsurance, Life and Health Reinsurance, Primary Property and Casualty Insurance, Asset Management, and Other segments. It offers reinsurance products, including motor, commercial and household property, engineering, marine hull and cargo, liability, credit and guarantee, personal accident, health, agriculture, space and aviation, energy, nuclear, etc.; and insurance agency services, such as risk identification, assessment and consulting, insurance program design, insurance procurement, insurance policy management, claim management, disaster and accident prevention management, overall risk management, and reinsurance arrangement products. The company also provides specialty insurance, asset management, insurance brokerage, risk evaluation and management, underwriting agency, information technology, risk advisory, management consulting, and investment management services, as well as issues bonds. In addition, it is involved in the e-commerce business; management of insurance; and provision of multi-asset investment products, such as project-based financing programs, asset-backed securities, infrastructure investment programs, and real estate investment programs. The company was founded in 1949 and is headquartered in Beijing, the People's Republic of China. China Reinsurance (Group) Corporation is a subsidiary of Central Huijin Investment Ltd.
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