HSBC Lowers China Life Insurance (LFC) to Reduce

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China Life Insurance (NYSE:LFC) was downgraded by research analysts at HSBC from a “hold” rating to a “reduce” rating in a report released on Thursday, MarketBeat.com reports.

Several other research analysts also recently weighed in on LFC. Nomura upgraded shares of China Life Insurance from a “neutral” rating to a “buy” rating in a report on Tuesday, August 21st. ValuEngine downgraded shares of China Life Insurance from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Morgan Stanley upgraded shares of China Life Insurance from an “underweight” rating to an “equal weight” rating in a report on Wednesday, July 25th. JPMorgan Chase & Co. downgraded shares of China Life Insurance from an “overweight” rating to a “neutral” rating in a report on Friday, August 3rd. Finally, Goldman Sachs Group downgraded shares of China Life Insurance from a “neutral” rating to a “sell” rating in a report on Thursday, May 10th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. China Life Insurance presently has an average rating of “Hold” and an average target price of $14.93.

Shares of China Life Insurance stock traded down $0.22 during trading on Thursday, reaching $10.82. 28,479 shares of the company traded hands, compared to its average volume of 449,914. The company has a quick ratio of 8.45, a current ratio of 8.45 and a debt-to-equity ratio of 0.06. China Life Insurance has a 1-year low of $11.00 and a 1-year high of $17.85. The company has a market capitalization of $64.05 billion, a PE ratio of 11.63 and a beta of 1.57.

China Life Insurance (NYSE:LFC) last released its quarterly earnings data on Thursday, August 23rd. The financial services provider reported $0.07 earnings per share for the quarter. China Life Insurance had a net margin of 5.62% and a return on equity of 11.06%. The firm had revenue of $23.23 billion for the quarter.

A number of institutional investors and hedge funds have recently bought and sold shares of LFC. Wells Fargo & Company MN grew its position in China Life Insurance by 79.1% during the first quarter. Wells Fargo & Company MN now owns 58,609 shares of the financial services provider’s stock valued at $819,000 after buying an additional 25,879 shares during the period. SG Americas Securities LLC bought a new position in China Life Insurance during the first quarter worth about $108,000. Trexquant Investment LP bought a new position in China Life Insurance during the first quarter worth about $1,034,000. Aperio Group LLC boosted its position in China Life Insurance by 7.5% during the first quarter. Aperio Group LLC now owns 628,991 shares of the financial services provider’s stock worth $8,800,000 after purchasing an additional 44,009 shares during the period. Finally, Stevens Capital Management LP bought a new position in China Life Insurance during the first quarter worth about $871,000. Institutional investors own 0.32% 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.

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Analyst Recommendations for China Life Insurance (NYSE:LFC)

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