China Life Insurance (NYSE:LFC) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
A number of other research analysts have also recently issued reports on LFC. Zacks Investment Research raised shares of China Life Insurance from a “sell” rating to a “buy” rating and set a $12.00 price target for the company in a report on Wednesday, December 26th. Nomura cut shares of China Life Insurance from a “neutral” rating to a “reduce” rating in a report on Friday, December 7th. Finally, UBS Group cut shares of China Life Insurance from a “buy” rating to a “neutral” rating in a report on Monday, November 26th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. China Life Insurance presently has an average rating of “Hold” and an average target price of $12.93.
NYSE LFC opened at $12.98 on Wednesday. The firm has a market capitalization of $71.45 billion, a price-to-earnings ratio of 13.96 and a beta of 1.35. China Life Insurance has a 12-month low of $9.85 and a 12-month high of $15.29. The company has a debt-to-equity ratio of 0.06, a current ratio of 9.10 and a quick ratio of 9.10.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC purchased a new position in shares of China Life Insurance in the fourth quarter worth $35,000. Atlas Capital Advisors LLC increased its stake in shares of China Life Insurance by 76.1% in the fourth quarter. Atlas Capital Advisors LLC now owns 4,446 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 1,921 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of China Life Insurance by 65.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,598 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 2,210 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of China Life Insurance in the fourth quarter worth $109,000. Finally, Quadrant Capital Group LLC increased its stake in shares of China Life Insurance by 1,384.6% in the fourth quarter. Quadrant Capital Group LLC now owns 11,654 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 10,869 shares during the period. 0.34% of the stock is owned by institutional investors and hedge funds.
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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