China Life Insurance (LFC) Lowered to Underperform at Credit Suisse Group

China Life Insurance (NYSE:LFC) was downgraded by stock analysts at Credit Suisse Group from a “neutral” rating to an “underperform” rating in a research report issued on Thursday, The Fly reports.

A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research cut China Life Insurance from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Goldman Sachs Group cut China Life Insurance from a “buy” rating to a “neutral” rating in a report on Wednesday, December 13th. UBS Group raised China Life Insurance from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. Finally, Deutsche Bank cut China Life Insurance from a “buy” rating to a “hold” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $17.00.

Shares of China Life Insurance (NYSE LFC) traded up $0.07 on Thursday, hitting $16.14. The stock had a trading volume of 837,600 shares, compared to its average volume of 693,900. China Life Insurance has a fifty-two week low of $13.18 and a fifty-two week high of $17.85. The company has a debt-to-equity ratio of 0.08, a quick ratio of 11.01 and a current ratio of 11.01. The firm has a market cap of $118,810.00, a PE ratio of 28.32 and a beta of 1.39.

Several institutional investors and hedge funds have recently modified their holdings of LFC. Cubist Systematic Strategies LLC bought a new stake in China Life Insurance during the 3rd quarter worth approximately $387,000. Jane Street Group LLC bought a new stake in China Life Insurance during the 3rd quarter worth approximately $214,000. OxFORD Asset Management LLP bought a new stake in China Life Insurance during the 3rd quarter worth approximately $412,000. Trexquant Investment LP bought a new stake in China Life Insurance during the 3rd quarter worth approximately $160,000. Finally, Nine Chapters Capital Management LLC bought a new stake in China Life Insurance during the 3rd quarter worth approximately $151,000. 0.29% of the stock is 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.

The Fly

Analyst Recommendations for China Life Insurance (NYSE:LFC)

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