China Life Insurance (NYSE:LFC) was downgraded by equities research analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a report released on Thursday, The Fly reports.
A number of other brokerages have also recently issued reports on LFC. Zacks Investment Research cut China Life Insurance from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. UBS Group raised China Life Insurance from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. Finally, Goldman Sachs Group cut China Life Insurance from a “buy” rating to a “neutral” rating in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $17.00.
China Life Insurance (LFC) opened at $16.14 on Thursday. The stock has a market capitalization of $90,842.76, a price-to-earnings ratio of 30.45 and a beta of 1.39. China Life Insurance has a twelve month low of $13.18 and a twelve month 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.
Institutional investors have recently added to or reduced their stakes in the stock. Archford Capital Strategies LLC raised its holdings in shares of China Life Insurance by 2,288.1% in the second quarter. Archford Capital Strategies LLC now owns 1,003 shares of the financial services provider’s stock valued at $170,000 after buying an additional 961 shares during the last quarter. First New York Securities LLC NY bought a new position in shares of China Life Insurance in the third quarter valued at about $111,000. NEXT Financial Group Inc acquired a new stake in China Life Insurance in the third quarter worth about $131,000. Nine Chapters Capital Management LLC acquired a new stake in China Life Insurance in the third quarter worth about $151,000. Finally, Trexquant Investment LP acquired a new stake in China Life Insurance in the third quarter worth about $160,000. 0.29% of the stock is owned by institutional investors and hedge funds.
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.