Movement Alert|PICC Group Rises 3.15% in Regular Trading, Brokers See Q2 Earnings Surge and Valuation Repair for Insurance Sector

Market Focus
07/03

On July 3, PICC Group (01339.HK) rose 3.15% in regular trading, trading at HK$4.9/share, with turnover of HK$49.46 million. The stock rebounded strongly following its ex-dividend date on July 2.

On the news front, Guojin Securities issued a research note highlighting that the insurance sector's Q2 earnings are expected to grow significantly, with valuation repair anticipated as the market returns to second-quarter earnings logic. The broker noted that while life insurance premium growth moderated with May personal insurance premiums declining 3.0% year-over-year, property insurance showed recovery at +2.3%, driven by liability and health insurance growth in non-auto segments.

Additionally, PICC Group's record-high cash dividend of RMB 9.729 billion for fiscal year 2025, representing a 22.2% increase year-over-year, was formally approved at the June 25 shareholder meeting. The final dividend of RMB 0.145 per share will be paid on July 31. Meanwhile, BlackRock recently increased its stake in PICC H-shares to 7.09%, signaling institutional confidence in the company's outlook.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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