China Life Insurance (LFC) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of China Life Insurance (NYSE:LFC) from a sell rating to a hold rating in a research report released on Tuesday.

According to Zacks, “China Life Insurance Company Limited is the leading life insurance company in China’s life insurance market. The Company provides products and services including individual life insurance, group life insurance, accident and health insurance. The Company is China’s largest life insurance company, a leading provider of annuity products and life insurance for both individuals and groups, and a leading provider of accident and health insurance. Through its controlling shareholding in the China Life Insurance Assets Management Co., Ltd., the Company became China’s largest insurance asset management company and one of the largest institutional investors in China. “

LFC has been the topic of several other reports. Nomura upgraded shares of China Life Insurance from a neutral rating to a buy rating in a report on Tuesday, August 21st. HSBC lowered shares of China Life Insurance from a hold rating to a reduce rating in a report on Thursday, September 6th. Morgan Stanley upgraded shares of China Life Insurance from an underweight rating to an equal weight rating in a report on Wednesday, July 25th. JPMorgan Chase & Co. lowered shares of China Life Insurance from an overweight rating to a neutral rating in a report on Friday, August 3rd. Finally, Sanford C. Bernstein lowered shares of China Life Insurance from an outperform rating to a market perform rating in a report on Monday, October 29th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $14.93.

Shares of NYSE LFC opened at $10.44 on Tuesday. China Life Insurance has a fifty-two week low of $9.85 and a fifty-two week high of $17.64. The company has a market capitalization of $59.70 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 0.63 and a beta of 1.58. The company has a current ratio of 9.10, a quick ratio of 9.10 and a debt-to-equity ratio of 0.06.

China Life Insurance (NYSE:LFC) last announced its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.30). China Life Insurance had a net margin of 4.03% and a return on equity of 7.73%. The business had revenue of $19.76 billion during the quarter. Research analysts predict that China Life Insurance will post 0.61 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings in China Life Insurance by 274.7% in the second quarter. Tower Research Capital LLC TRC now owns 7,884 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 5,780 shares during the period. Greenleaf Trust acquired a new stake in China Life Insurance in the third quarter worth $203,000. SG Americas Securities LLC raised its holdings in China Life Insurance by 127.2% in the third quarter. SG Americas Securities LLC now owns 19,825 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 11,100 shares during the period. Citadel Advisors LLC raised its holdings in China Life Insurance by 191.2% in the third quarter. Citadel Advisors LLC now owns 41,133 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 27,007 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in China Life Insurance by 12.5% in the second quarter. Cubist Systematic Strategies LLC now owns 41,520 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 4,614 shares during the period. Institutional investors own 0.32% of the company’s stock.

China Life Insurance Company Profile

China Life Insurance Company Limited, together with its subsidiaries, operates as a life insurance company in the People's Republic of China. The company operates in four segments: Life Insurance Business, Health Insurance Business, Accident Insurance Business, and Other Business. It offers individual and group life, annuity, accident, and health insurance products, as well as provides pension products.

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