China Life Insurance Co Ltd (LFC) Given Average Rating of “Hold” by Analysts

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China Life Insurance Co Ltd (NYSE:LFC) has been assigned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $13.85.

LFC has been the topic of several analyst reports. Macquarie raised shares of China Life Insurance from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $13.49 to $13.85 in a research note on Tuesday, April 24th. Goldman Sachs Group downgraded shares of China Life Insurance from a “neutral” rating to a “sell” rating in a research note on Thursday, May 10th. ValuEngine downgraded shares of China Life Insurance from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Morgan Stanley raised shares of China Life Insurance from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, July 25th. Finally, JPMorgan Chase & Co. downgraded shares of China Life Insurance from an “overweight” rating to a “neutral” rating in a research note on Friday, August 3rd.

A number of institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its position in China Life Insurance by 274.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,884 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 5,780 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in shares of China Life Insurance by 12.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 41,520 shares of the financial services provider’s stock valued at $531,000 after buying an additional 4,614 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of China Life Insurance by 20.7% during the 2nd quarter. Raymond James & Associates now owns 172,255 shares of the financial services provider’s stock valued at $2,201,000 after buying an additional 29,555 shares in the last quarter. US Bancorp DE boosted its holdings in shares of China Life Insurance by 12.9% during the 2nd quarter. US Bancorp DE now owns 64,238 shares of the financial services provider’s stock valued at $822,000 after buying an additional 7,318 shares in the last quarter. Finally, LMR Partners LLP bought a new stake in shares of China Life Insurance during the 2nd quarter valued at $16,661,000. 0.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE LFC traded down $0.02 during mid-day trading on Wednesday, hitting $11.85. The stock had a trading volume of 18,800 shares, compared to its average volume of 566,861. The company has a quick ratio of 8.45, a current ratio of 8.45 and a debt-to-equity ratio of 0.05. China Life Insurance has a 1 year low of $11.52 and a 1 year high of $17.85. The company has a market cap of $68.46 billion, a price-to-earnings ratio of 12.73 and a beta of 1.57.

China Life Insurance Company Profile

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.

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Analyst Recommendations for China Life Insurance (NYSE:LFC)

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