Investors Buy Large Volume of China Life Insurance Put Options (LFC)

China Life Insurance Co Ltd (NYSE:LFC) saw some unusual options trading on Tuesday. Traders acquired 1,792 put options on the stock. This is an increase of 1,827% compared to the typical volume of 93 put options.

Shares of China Life Insurance (NYSE LFC) traded up $0.29 during midday trading on Wednesday, hitting $14.89. The company had a trading volume of 1,007,113 shares, compared to its average volume of 922,891. The company has a quick ratio of 11.01, a current ratio of 11.01 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $83,776.59, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. China Life Insurance has a twelve month low of $14.31 and a twelve month high of $17.85.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bain Capital Public Equity Management LLC acquired a new position in shares of China Life Insurance in the fourth quarter valued at $11,203,000. Two Sigma Investments LP raised its stake in shares of China Life Insurance by 48.7% in the fourth quarter. Two Sigma Investments LP now owns 352,519 shares of the financial services provider’s stock valued at $5,503,000 after purchasing an additional 115,423 shares in the last quarter. Mackenzie Financial Corp acquired a new position in shares of China Life Insurance in the fourth quarter valued at $223,000. Comgest Global Investors S.A.S. raised its stake in shares of China Life Insurance by 7.9% in the fourth quarter. Comgest Global Investors S.A.S. now owns 124,355 shares of the financial services provider’s stock valued at $1,941,000 after purchasing an additional 9,100 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of China Life Insurance by 26.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,381,719 shares of the financial services provider’s stock valued at $21,569,000 after purchasing an additional 288,279 shares in the last quarter. Institutional investors and hedge funds own 0.29% of the company’s stock.

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

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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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