China Life Insurance Co Ltd (NYSE:LFC) announced a dividend on Monday, June 5th, NASDAQ reports. Investors of record on Thursday, June 15th will be given a dividend of 0.137 per share by the financial services provider on Friday, August 11th. The ex-dividend date is Tuesday, June 13th.

China Life Insurance Co has increased its dividend by an average of 41.2% annually over the last three years and has increased its dividend every year for the last 3 years. China Life Insurance Co has a payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect China Life Insurance Co to earn $0.63 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 22.2%.

China Life Insurance Co (NYSE LFC) traded down 2.461% during midday trading on Monday, reaching $16.055. The company had a trading volume of 150,563 shares. The firm’s 50 day moving average is $15.68 and its 200 day moving average is $14.81. The stock has a market capitalization of $94.02 billion, a PE ratio of 31.792 and a beta of 1.41. China Life Insurance Co has a 1-year low of $10.07 and a 1-year high of $16.58.

A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of China Life Insurance Co from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Citigroup Inc. raised shares of China Life Insurance Co from a “sell” rating to a “neutral” rating in a report on Friday, March 24th. Finally, Bank of America Corporation cut shares of China Life Insurance Co from a “buy” rating to a “neutral” rating in a report on Tuesday, April 25th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.00.

An institutional investor recently raised its position in China Life Insurance Co stock. State Street Corp increased its position in shares of China Life Insurance Co Ltd (NYSE:LFC) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,407 shares of the financial services provider’s stock after buying an additional 1,091 shares during the period. State Street Corp’s holdings in China Life Insurance Co were worth $289,000 as of its most recent SEC filing. 0.24% of the stock is currently owned by institutional investors.

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China Life Insurance Co 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 four segments: life insurance, health insurance, accident insurance and other.

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