Bank of America Securities Raises PICC Group's Target Price to HK$8.2 on Strong Q3 Investment Performance

Deep News

Oct 31

Bank of America Securities released a research report stating that PICC Group (01339) achieved a net profit of RMB 46.8 billion in the first nine months of 2025, marking a 29% year-on-year increase. Benefiting from contributions from its property insurance business, the company recorded a 25% year-on-year growth in underwriting profit in Q3 2025. Investment returns also exceeded expectations, rising 42% year-on-year in Q3 and 60% for the first nine months of 2025.

Bank of America Securities raised its profit forecasts for PICC Group by 1% to 8% for 2025–2027. The target price for its H-shares was lifted by 8% to HK$8.2, while the A-share (601319.SH) target price was raised by 8% to RMB 7.2. The firm reiterated a "Buy" rating for PICC's H-shares, citing a projected 2026 price-to-book ratio of 1x. However, it maintained an "Underperform" rating for the A-shares, with a projected 2026 price-to-book ratio of 1.3x.

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Benefiting from contributions from its property insurance business, the company recorded a 25% year-on-year growth in underwriting profit in Q3 2025. Investment returns also exceeded expectations, rising 42% year-on-year in Q3 and 60% for the first nine months of 2025.</p>\n<p>Bank of America Securities raised its profit forecasts for PICC Group by 1% to 8% for 2025–2027. The target price for its H-shares was lifted by 8% to HK$8.2, while the A-share (601319.SH) target price was raised by 8% to RMB 7.2. The firm reiterated a \"Buy\" rating for PICC's H-shares, citing a projected 2026 price-to-book ratio of 1x. However, it maintained an \"Underperform\" rating for the A-shares, with a projected 2026 price-to-book ratio of 1.3x.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America Securities Raises PICC Group's Target Price to HK$8.2 on Strong Q3 Investment Performance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America Securities Raises PICC Group's Target Price to HK$8.2 on Strong Q3 Investment Performance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2025-10-31 16:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Bank of America Securities released a research report stating that PICC Group (01339) achieved a net profit of RMB 46.8 billion in the first nine months of 2025, marking a 29% year-on-year increase. Benefiting from contributions from its property insurance business, the company recorded a 25% year-on-year growth in underwriting profit in Q3 2025. Investment returns also exceeded expectations, rising 42% year-on-year in Q3 and 60% for the first nine months of 2025.</p>\n<p>Bank of America Securities raised its profit forecasts for PICC Group by 1% to 8% for 2025–2027. The target price for its H-shares was lifted by 8% to HK$8.2, while the A-share (601319.SH) target price was raised by 8% to RMB 7.2. The firm reiterated a \"Buy\" rating for PICC's H-shares, citing a projected 2026 price-to-book ratio of 1x. However, it maintained an \"Underperform\" rating for the A-shares, with a projected 2026 price-to-book ratio of 1.3x.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1550","symbol_name":"内险股","start_time":0,"source_url":"","article_id":"1125487761","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1125487761","pubTimestamp":1761898231,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"Bank of America Securities released a research report stating that PICC Group (01339) achieved a net profit of RMB 46.8 billion in the first nine months of 2025, marking a 29% year-on-year increase....","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"161027":"证券","BK1550":"内险股","01339":"中国人民保险集团","LU1675838814.USD":"AB SICAV I - EMERGING MARKETS LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (USD) INC","LU1282651048.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (USD) INC","BK1521":"挪威政府全球养老基金持仓","LU1497733631.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD","LU1497734951.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD-H","LU1634259557.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD-H","LU0293314216.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"A\" (USD) ACC","LU1282651121.HKD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (HKD) INC","BK1127":"财产与意外伤害保险","LU1497733557.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) INC A","LU1224444064.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AM\" (USDHDG) INC","LU1522347837.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC A","LU1634259391.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD"},"translate_title":"美银证券上调人保集团目标价至8.2港元Q3投资表现强劲","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"161027":1,"01339":1},"content_text":"Bank of America Securities released a research report stating that PICC Group (01339) achieved a net profit of RMB 46.8 billion in the first nine months of 2025, marking a 29% year-on-year increase. Benefiting from contributions from its property insurance business, the company recorded a 25% year-on-year growth in underwriting profit in Q3 2025. Investment returns also exceeded expectations, rising 42% year-on-year in Q3 and 60% for the first nine months of 2025.\nBank of America Securities raised its profit forecasts for PICC Group by 1% to 8% for 2025–2027. The target price for its H-shares was lifted by 8% to HK$8.2, while the A-share (601319.SH) target price was raised by 8% to RMB 7.2. The firm reiterated a \"Buy\" rating for PICC's H-shares, citing a projected 2026 price-to-book ratio of 1x. 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