Shares of China Life Insurance Co Ltd (NYSE:LFC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $11.27. China Life Insurance shares last traded at $11.27, with a volume of 9,142 shares changing hands.
LFC has been the topic of a number of recent research reports. Zacks Investment Research raised shares of China Life Insurance from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective on the stock in a research note on Thursday, July 4th. JPMorgan Chase & Co. raised shares of China Life Insurance from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 30th. They noted that the move was a valuation call. ValuEngine cut shares of China Life Insurance from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Goldman Sachs Group raised shares of China Life Insurance from a “sell” rating to a “buy” rating in a research note on Sunday, June 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.00.
The stock has a market capitalization of $63.99 billion, a P/E ratio of 40.14, a PEG ratio of 0.22 and a beta of 1.49. The company has a debt-to-equity ratio of 0.15, a current ratio of 8.30 and a quick ratio of 8.30. The business’s 50 day simple moving average is $12.51 and its 200-day simple moving average is $12.79.
A number of hedge funds have recently made changes to their positions in LFC. OneAscent Financial Services LLC bought a new position in China Life Insurance during the second quarter worth $160,000. Bank of America Corp DE boosted its stake in China Life Insurance by 6.4% during the second quarter. Bank of America Corp DE now owns 446,070 shares of the financial services provider’s stock worth $5,517,000 after acquiring an additional 26,799 shares in the last quarter. AMP Capital Investors Ltd bought a new position in China Life Insurance during the second quarter worth $252,000. US Bancorp DE boosted its stake in China Life Insurance by 2.9% during the second quarter. US Bancorp DE now owns 118,560 shares of the financial services provider’s stock worth $1,467,000 after acquiring an additional 3,364 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in China Life Insurance by 18.1% during the second quarter. Renaissance Technologies LLC now owns 1,212,835 shares of the financial services provider’s stock worth $15,003,000 after acquiring an additional 186,200 shares in the last quarter. 0.29% of the stock is currently owned by hedge funds and other institutional investors.
About China Life Insurance (NYSE:LFC)
China Life Insurance Company Limited, together with its subsidiaries, operates as a life insurance company in the People's Republic of China. It operates in four segments: Life Insurance Business, Health Insurance Business, Accident Insurance Business, and Other Businesses. The company offers individual and group life, annuity, accident, and health insurance products, as well as pension products.
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