China Life Insurance (NYSE:LFC) was upgraded by investment analysts at UBS from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, The Fly reports.

Several other research firms have also issued reports on LFC. Zacks Investment Research lowered shares of China Life Insurance from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Daiwa Capital Markets raised shares of China Life Insurance to a “buy” rating in a research note on Monday, August 28th. Bank of America raised shares of China Life Insurance from a “neutral” rating to a “buy” rating in a research note on Friday, August 25th. Credit Suisse Group raised shares of China Life Insurance from an “underperform” rating to a “neutral” rating in a research note on Friday, August 25th. Finally, Sanford C. Bernstein lowered shares of China Life Insurance from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. China Life Insurance presently has a consensus rating of “Hold” and an average price target of $17.00.

China Life Insurance (NYSE LFC) traded up $0.01 during midday trading on Tuesday, hitting $16.12. The company had a trading volume of 455,500 shares, compared to its average volume of 406,439. The company has a debt-to-equity ratio of 0.08, a quick ratio of 11.01 and a current ratio of 11.01. China Life Insurance has a 52-week low of $12.74 and a 52-week high of $17.85. The firm has a market cap of $91,068.88, a P/E ratio of 30.40, a price-to-earnings-growth ratio of 1.86 and a beta of 1.38.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its holdings in shares of China Life Insurance by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 27,994 shares of the financial services provider’s stock worth $433,000 after buying an additional 85 shares during the last quarter. Wetherby Asset Management Inc. increased its holdings in China Life Insurance by 1.7% in the 2nd quarter. Wetherby Asset Management Inc. now owns 35,263 shares of the financial services provider’s stock valued at $541,000 after purchasing an additional 606 shares during the last quarter. State Street Corp increased its holdings in China Life Insurance by 2.8% in the 2nd quarter. State Street Corp now owns 22,792 shares of the financial services provider’s stock valued at $350,000 after purchasing an additional 611 shares during the last quarter. Archford Capital Strategies LLC increased its holdings in China Life Insurance by 2,288.1% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,003 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 961 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its holdings in China Life Insurance by 29.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 14,538 shares of the financial services provider’s stock valued at $219,000 after purchasing an additional 3,282 shares during the last quarter. 0.29% of the stock is currently owned by institutional investors and hedge funds.

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About China Life Insurance

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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