China Life Insurance (LFC) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its holdings in shares of China Life Insurance (NYSE:LFC) by 26.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,478 shares of the financial services provider’s stock after selling 11,854 shares during the period. Envestnet Asset Management Inc.’s holdings in China Life Insurance were worth $523,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Bain Capital Public Equity Management LLC bought a new position in shares of China Life Insurance in the 4th quarter worth $11,203,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of China Life Insurance by 26.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,381,719 shares of the financial services provider’s stock worth $21,569,000 after purchasing an additional 288,279 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of China Life Insurance by 9.8% in the 4th quarter. Aperio Group LLC now owns 584,982 shares of the financial services provider’s stock worth $9,132,000 after purchasing an additional 52,023 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of China Life Insurance by 48.7% in the 4th quarter. Two Sigma Investments LP now owns 352,519 shares of the financial services provider’s stock worth $5,503,000 after purchasing an additional 115,423 shares in the last quarter. Finally, Augustine Asset Management Inc. lifted its holdings in shares of China Life Insurance by 3.7% in the 4th quarter. Augustine Asset Management Inc. now owns 296,503 shares of the financial services provider’s stock worth $4,628,000 after purchasing an additional 10,548 shares in the last quarter. Hedge funds and other institutional investors own 0.40% of the company’s stock.

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LFC has been the topic of a number of recent research reports. Zacks Investment Research cut China Life Insurance from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Nomura upgraded China Life Insurance from a “reduce” rating to a “neutral” rating in a report on Friday, February 2nd. Deutsche Bank cut China Life Insurance from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Sanford C. Bernstein upgraded China Life Insurance from a “market perform” rating to an “outperform” rating in a report on Monday, January 8th. Finally, HSBC raised China Life Insurance from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. China Life Insurance currently has a consensus rating of “Hold” and a consensus target price of $16.00.

NYSE LFC opened at $13.78 on Monday. The firm has a market capitalization of $79,367.29, a P/E ratio of 14.82, a P/E/G ratio of 0.48 and a beta of 1.58. China Life Insurance has a 12 month low of $13.48 and a 12 month high of $17.85. The company has a quick ratio of 11.01, a current ratio of 6.39 and a debt-to-equity ratio of 0.06.

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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.

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

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