China Life Insurance (LFC) Stock Rating Upgraded by Nomura

China Life Insurance (NYSE:LFC) was upgraded by equities research analysts at Nomura from a “reduce” rating to a “neutral” rating in a research note issued to investors on Friday, MarketBeat.com reports.

LFC has been the subject of several other research reports. Zacks Investment Research downgraded shares of China Life Insurance from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Credit Suisse Group downgraded shares of China Life Insurance from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 4th. Goldman Sachs Group downgraded shares of China Life Insurance from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 13th. Deutsche Bank downgraded shares of China Life Insurance from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Sanford C. Bernstein raised shares of China Life Insurance from a “market perform” rating to an “outperform” rating in a research note on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $19.00.

China Life Insurance (NYSE:LFC) traded down $0.03 during trading on Friday, hitting $16.62. 963,112 shares of the stock traded hands, compared to its average volume of 636,902. The company has a quick ratio of 11.01, a current ratio of 11.01 and a debt-to-equity ratio of 0.08. China Life Insurance has a 1 year low of $13.59 and a 1 year high of $17.85. The company has a market capitalization of $127,300.00, a P/E ratio of 28.17, a PEG ratio of 0.61 and a beta of 1.44.

A number of large investors have recently modified their holdings of the stock. Northern Trust Corp raised its stake in China Life Insurance by 18.0% in the second quarter. Northern Trust Corp now owns 1,473,716 shares of the financial services provider’s stock worth $22,606,000 after buying an additional 225,059 shares in the last quarter. Aperio Group LLC raised its stake in China Life Insurance by 9.8% in the fourth quarter. Aperio Group LLC now owns 584,982 shares of the financial services provider’s stock worth $9,132,000 after buying an additional 52,023 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in China Life Insurance by 7.1% in the second quarter. Parametric Portfolio Associates LLC now owns 561,245 shares of the financial services provider’s stock worth $8,609,000 after buying an additional 37,198 shares in the last quarter. Augustine Asset Management Inc. raised its stake in China Life Insurance by 3.7% in the fourth quarter. Augustine Asset Management Inc. now owns 296,503 shares of the financial services provider’s stock worth $4,628,000 after buying an additional 10,548 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in China Life Insurance in the third quarter worth approximately $3,617,000. 0.29% of the stock is owned by institutional investors.

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China Life Insurance 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 three segments: Life Insurance, Health Insurance, and Accident Insurance.