China Life Insurance (LFC) Downgraded by Nomura

China Life Insurance (NYSE:LFC) was downgraded by analysts at Nomura from a “neutral” rating to a “reduce” rating in a research note issued on Friday, The Fly reports.

Other equities research analysts have also issued reports about the stock. Sanford C. Bernstein lowered shares of China Life Insurance from an “outperform” rating to a “market perform” rating in a report on Monday, October 29th. Zacks Investment Research upgraded shares of China Life Insurance from a “sell” rating to a “hold” rating in a report on Tuesday, November 20th. Deutsche Bank upgraded shares of China Life Insurance to a “buy” rating in a report on Tuesday, November 20th. They noted that the move was a valuation call. UBS Group lowered shares of China Life Insurance from a “buy” rating to a “neutral” rating in a report on Monday, November 26th. Finally, HSBC upgraded shares of China Life Insurance from a “reduce” rating to a “hold” rating in a report on Thursday, August 9th. Six equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $14.93.

LFC opened at $10.33 on Friday. The company has a current ratio of 9.10, a quick ratio of 9.10 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $60.71 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 0.64 and a beta of 1.51. China Life Insurance has a twelve month low of $9.85 and a twelve month high of $17.32.

China Life Insurance (NYSE:LFC) last posted its earnings results on Thursday, October 25th. The financial services provider reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.30). The firm had revenue of $19.76 billion during the quarter. China Life Insurance had a return on equity of 7.73% and a net margin of 4.03%. Research analysts predict that China Life Insurance will post 0.61 earnings per share for the current year.

Several large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC raised its holdings in shares of China Life Insurance by 12.5% during the second quarter. Cubist Systematic Strategies LLC now owns 41,520 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 4,614 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of China Life Insurance by 274.7% during the second quarter. Tower Research Capital LLC TRC now owns 7,884 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 5,780 shares during the period. Comerica Bank raised its holdings in shares of China Life Insurance by 7.6% during the third quarter. Comerica Bank now owns 87,233 shares of the financial services provider’s stock worth $975,000 after acquiring an additional 6,136 shares during the period. US Bancorp DE raised its holdings in shares of China Life Insurance by 12.9% during the second quarter. US Bancorp DE now owns 64,238 shares of the financial services provider’s stock worth $822,000 after acquiring an additional 7,318 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of China Life Insurance by 127.2% during the third quarter. SG Americas Securities LLC now owns 19,825 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 11,100 shares during the period. Institutional investors and hedge funds own 0.34% of the company’s stock.

About China Life Insurance

China Life Insurance Company Limited, together with its subsidiaries, operates as a life insurance company in the People's Republic of China. The company operates in four segments: Life Insurance Business, Health Insurance Business, Accident Insurance Business, and Other Business. It offers individual and group life, annuity, accident, and health insurance products, as well as provides pension products.

Featured Article: Investing in Growth Stocks

The Fly

Analyst Recommendations for China Life Insurance (NYSE:LFC)

Receive News & Ratings for China Life Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Life Insurance and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply