China Life Insurance Co Ltd (LFC) Receives $13.85 Consensus Price Target from Brokerages

Shares of China Life Insurance Co Ltd (NYSE:LFC) have earned an average rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $13.85.

Several research firms have recently weighed in on LFC. Sanford C. Bernstein lowered shares of China Life Insurance from an “outperform” rating to a “market perform” rating in a research note on Monday. Morgan Stanley upgraded shares of China Life Insurance from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, July 25th. Nomura upgraded shares of China Life Insurance from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 21st. JPMorgan Chase & Co. lowered shares of China Life Insurance from an “overweight” rating to a “neutral” rating in a research note on Friday, August 3rd. Finally, HSBC upgraded shares of China Life Insurance from a “reduce” rating to a “hold” rating in a research note on Thursday, August 9th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC grew its position in China Life Insurance by 12.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 41,520 shares of the financial services provider’s stock valued at $531,000 after purchasing an additional 4,614 shares during the period. Tower Research Capital LLC TRC grew its position in China Life Insurance by 274.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,884 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 5,780 shares during the period. US Bancorp DE grew its position in China Life Insurance by 12.9% in the 2nd quarter. US Bancorp DE now owns 64,238 shares of the financial services provider’s stock valued at $822,000 after purchasing an additional 7,318 shares during the period. Cibc Bank USA acquired a new stake in China Life Insurance in the 2nd quarter valued at $132,000. Finally, Suntrust Banks Inc. acquired a new stake in China Life Insurance in the 1st quarter valued at $150,000. 0.32% of the stock is owned by institutional investors and hedge funds.

China Life Insurance stock opened at $10.06 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 9.10 and a quick ratio of 9.10. China Life Insurance has a 52-week low of $9.85 and a 52-week high of $17.85. The company has a market cap of $56.36 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.61 and a beta of 1.56.

China Life Insurance (NYSE:LFC) last released its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.30). The firm had revenue of $19.76 billion for the quarter. China Life Insurance had a return on equity of 7.73% and a net margin of 4.03%. Analysts forecast that China Life Insurance will post 0.6 earnings per share for the current year.

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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Analyst Recommendations for China Life Insurance (NYSE:LFC)

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