China Life Insurance (LFC) Receives Consensus Recommendation of “Hold” from Analysts

China Life Insurance (NYSE:LFC) has been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded China Life Insurance from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Credit Suisse Group downgraded China Life Insurance from a “neutral” rating to an “underperform” rating in a report on Thursday, January 4th. HSBC upgraded China Life Insurance from a “hold” rating to a “buy” rating in a report on Wednesday, April 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, Deutsche Bank downgraded China Life Insurance from a “buy” rating to a “hold” rating in a report on Thursday, January 4th.

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NYSE LFC traded up $0.13 during trading hours on Thursday, hitting $13.90. The company had a trading volume of 502,614 shares, compared to its average volume of 738,793. China Life Insurance has a fifty-two week low of $13.48 and a fifty-two week high of $17.85. The company has a market cap of $77,897.52, a P/E ratio of 14.81, a P/E/G ratio of 0.47 and a beta of 1.58. The company has a current ratio of 6.39, a quick ratio of 11.01 and a debt-to-equity ratio of 0.06.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bain Capital Public Equity Management LLC purchased a new position in China Life Insurance in the 4th quarter valued at about $11,203,000. Arrowstreet Capital Limited Partnership boosted its position in 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 valued at $21,569,000 after buying an additional 288,279 shares during the last quarter. NorthCoast Asset Management LLC purchased a new position in China Life Insurance in the 4th quarter valued at about $3,024,000. OLD Mission Capital LLC purchased a new position in China Life Insurance in the 4th quarter valued at about $3,012,000. Finally, BlackRock Inc. boosted its position in China Life Insurance by 173,448.0% in the 4th quarter. BlackRock Inc. now owns 173,548 shares of the financial services provider’s stock valued at $2,709,000 after buying an additional 173,448 shares during the last quarter. Hedge funds and other institutional investors own 0.40% of the company’s stock.

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China Life Insurance Company Profile

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.

Analyst Recommendations for China Life Insurance (NYSE:LFC)

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