Augustine Asset Management Inc. Sells 1,379 Shares of China Life Insurance Co Ltd (LFC)

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Augustine Asset Management Inc. decreased its holdings in shares of China Life Insurance Co Ltd (NYSE:LFC) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 286,712 shares of the financial services provider’s stock after selling 1,379 shares during the period. China Life Insurance comprises approximately 2.1% of Augustine Asset Management Inc.’s holdings, making the stock its 19th largest position. Augustine Asset Management Inc.’s holdings in China Life Insurance were worth $3,007,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LFC. Crossmark Global Holdings Inc. lifted its stake in shares of China Life Insurance by 9.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 202,886 shares of the financial services provider’s stock valued at $2,311,000 after buying an additional 17,638 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of China Life Insurance by 1,044.3% during the 3rd quarter. Wells Fargo & Company MN now owns 124,567 shares of the financial services provider’s stock valued at $1,420,000 after buying an additional 113,681 shares in the last quarter. Greenleaf Trust purchased a new position in shares of China Life Insurance during the 3rd quarter valued at $203,000. Comerica Bank lifted its stake in shares of China Life Insurance by 7.6% during the 3rd quarter. Comerica Bank now owns 87,233 shares of the financial services provider’s stock valued at $975,000 after buying an additional 6,136 shares in the last quarter. Finally, Morgan Stanley lifted its stake in shares of China Life Insurance by 82.4% during the 3rd quarter. Morgan Stanley now owns 729,708 shares of the financial services provider’s stock valued at $8,311,000 after buying an additional 329,588 shares in the last quarter. 0.34% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on LFC. Zacks Investment Research upgraded shares of China Life Insurance from a “sell” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Wednesday, December 26th. ValuEngine cut shares of China Life Insurance from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Nomura cut shares of China Life Insurance from a “neutral” rating to a “reduce” rating in a research note on Friday, December 7th. Finally, UBS Group cut shares of China Life Insurance from a “buy” rating to a “neutral” rating in a research note on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $12.93.

Shares of LFC stock opened at $12.45 on Thursday. The firm has a market capitalization of $68.91 billion, a price-to-earnings ratio of 13.39 and a beta of 1.35. China Life Insurance Co Ltd has a 52 week low of $9.85 and a 52 week high of $15.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 9.10 and a current ratio of 9.10.

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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.

See Also: What is an SEC Filing?

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Institutional Ownership by Quarter for China Life Insurance (NYSE:LFC)

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