China Life Insurance (LFC) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of China Life Insurance (NYSE:LFC) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

According to Zacks, “China Life’s robust market position and organic growth initiatives encourage. Its operational efficiency is further reflected in product upgrades and premium growth over the past many quarters. Its solid investment management continues to impress. The company has the most extensive distribution and service network among its peers operating in China. Although shares of the company have underperformed the industry in a year's time, its strong fundamentals are likely to favor the stock going forward. However, rising expenses continue to hurt its bottom line. Moreover, the downturn in the Chinese economy and economic volatility outside China continues to hurt its operation.”

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Several other analysts have also commented on LFC. Credit Suisse Group lowered China Life Insurance from a neutral rating to an underperform rating in a report on Thursday, January 4th. Sanford C. Bernstein raised China Life Insurance from a market perform rating to an outperform rating in a report on Monday, January 8th. Nomura raised China Life Insurance from a reduce rating to a neutral rating in a report on Friday, February 2nd. Deutsche Bank lowered China Life Insurance from a buy rating to a hold rating in a report on Thursday, January 4th. Finally, UBS raised China Life Insurance from a neutral rating to a buy rating in a report on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. China Life Insurance presently has a consensus rating of Hold and a consensus target price of $16.00.

China Life Insurance stock opened at $13.99 on Wednesday. The stock has a market cap of $79,084.64, a P/E ratio of 15.04, a P/E/G ratio of 0.48 and a beta of 1.50. China Life Insurance has a 52 week low of $13.76 and a 52 week high of $17.85. The company has a current ratio of 6.39, a quick ratio of 11.01 and a debt-to-equity ratio of 0.06.

A number of hedge funds have recently modified their holdings of LFC. Bain Capital Public Equity Management LLC purchased a new position in China Life Insurance during the fourth quarter worth approximately $11,203,000. Arrowstreet Capital Limited Partnership boosted its position in China Life Insurance by 26.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,381,719 shares of the financial services provider’s stock worth $21,569,000 after purchasing an additional 288,279 shares in the last quarter. NorthCoast Asset Management LLC purchased a new position in China Life Insurance during the fourth quarter worth approximately $3,024,000. OLD Mission Capital LLC purchased a new position in China Life Insurance during the fourth quarter worth approximately $3,012,000. Finally, BlackRock Inc. boosted its position in China Life Insurance by 173,448.0% during the fourth quarter. BlackRock Inc. now owns 173,548 shares of the financial services provider’s stock worth $2,709,000 after purchasing an additional 173,448 shares in the last quarter. Institutional investors own 0.40% of the company’s stock.

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China Life Insurance Company Profile

China Life Insurance Company Limited is a life insurance company. The Company provides a range of insurance products, including individual and group life insurance, health insurance and accident insurance products. It operates through three segments: Life Insurance, Health Insurance, and Accident Insurance.

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Analyst Recommendations for China Life Insurance (NYSE:LFC)

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