China Life Insurance (NYSE:LFC) was downgraded by stock analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a report released on Wednesday, Marketbeat.com reports.
A number of other research analysts have also recently commented on the company. Zacks Investment Research cut China Life Insurance from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Bank of America upgraded China Life Insurance from a “neutral” rating to a “buy” rating in a research note on Friday, August 25th. Daiwa Capital Markets upgraded China Life Insurance to a “buy” rating in a research note on Monday, August 28th. Sanford C. Bernstein cut China Life Insurance from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 17th. Finally, Credit Suisse Group upgraded China Life Insurance from an “underperform” rating to a “neutral” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $17.00.
Shares of China Life Insurance (NYSE LFC) traded down $0.24 during trading on Wednesday, reaching $15.70. The company had a trading volume of 592,900 shares, compared to its average volume of 412,817. China Life Insurance has a 52-week low of $12.74 and a 52-week high of $17.85. The firm has a market capitalization of $121,940.00, a PE ratio of 30.08, a P/E/G ratio of 1.84 and a beta of 1.38. The company has a quick ratio of 11.01, a current ratio of 11.01 and a debt-to-equity ratio of 0.08.
Several institutional investors and hedge funds have recently modified their holdings of LFC. Bank of America Corp DE lifted its stake in shares of China Life Insurance by 24.0% during the first quarter. Bank of America Corp DE now owns 101,727 shares of the financial services provider’s stock worth $1,560,000 after purchasing an additional 19,684 shares in the last quarter. US Bancorp DE increased its position in shares of China Life Insurance by 16.5% during the second quarter. US Bancorp DE now owns 37,404 shares of the financial services provider’s stock worth $574,000 after acquiring an additional 5,310 shares during the last quarter. First Trust Advisors LP increased its position in shares of China Life Insurance by 20.8% during the second quarter. First Trust Advisors LP now owns 110,160 shares of the financial services provider’s stock worth $1,690,000 after acquiring an additional 18,997 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of China Life Insurance by 6.2% during the second quarter. BNP Paribas Arbitrage SA now owns 155,318 shares of the financial services provider’s stock worth $2,383,000 after acquiring an additional 9,115 shares during the last quarter. Finally, GAM Holding AG increased its position in shares of China Life Insurance by 54.3% during the second quarter. GAM Holding AG now owns 274,700 shares of the financial services provider’s stock worth $4,181,000 after acquiring an additional 96,700 shares during the last quarter. Institutional investors own 0.29% of the company’s stock.
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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.
