China Life Insurance (LFC) Upgraded at UBS

UBS upgraded shares of China Life Insurance (NYSE:LFC) from a neutral rating to a buy rating in a report published on Tuesday morning, The Fly reports.

Other research analysts have also recently issued reports about the company. Goldman Sachs Group cut China Life Insurance from a conviction-buy rating to a buy rating in a research note on Wednesday, August 16th. Bank of America upgraded China Life Insurance from a neutral rating to a buy rating in a research note on Friday, August 25th. Zacks Investment Research upgraded China Life Insurance from a hold rating to a buy rating and set a $18.00 price objective for the company in a research note on Tuesday, August 29th. Daiwa Capital Markets upgraded China Life Insurance to a buy rating in a research note on Monday, August 28th. Finally, Sanford C. Bernstein cut China Life Insurance from an outperform rating to a market perform rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $17.00.

Shares of China Life Insurance (NYSE LFC) traded up $0.06 during trading hours on Tuesday, hitting $15.54. The stock had a trading volume of 901,200 shares, compared to its average volume of 411,824. China Life Insurance has a 1 year low of $12.74 and a 1 year high of $17.85. The stock has a market capitalization of $87,507.52, a PE ratio of 29.21, a price-to-earnings-growth ratio of 1.79 and a beta of 1.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 11.01 and a current ratio of 11.01.

A number of hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC purchased a new position in China Life Insurance during the third quarter valued at approximately $387,000. Jane Street Group LLC purchased a new stake in shares of China Life Insurance in the third quarter valued at approximately $214,000. OxFORD Asset Management LLP purchased a new stake in shares of China Life Insurance in the third quarter valued at approximately $412,000. Trexquant Investment LP purchased a new stake in shares of China Life Insurance in the third quarter valued at approximately $160,000. Finally, Nine Chapters Capital Management LLC purchased a new stake in shares of China Life Insurance in the third quarter valued at approximately $151,000. Institutional investors own 0.29% of the company’s stock.

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About China Life Insurance

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.

The Fly

Analyst Recommendations for China Life Insurance (NYSE:LFC)

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