Nuveen Asset Management LLC Invests $109,000 in China Life Insurance Co Ltd (LFC)

Nuveen Asset Management LLC bought a new position in China Life Insurance Co Ltd (NYSE:LFC) during the 4th quarter, HoldingsChannel reports. The fund bought 10,432 shares of the financial services provider’s stock, valued at approximately $109,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of LFC. Northern Trust Corp lifted its stake in shares of China Life Insurance by 36.8% in the fourth quarter. Northern Trust Corp now owns 2,112,386 shares of the financial services provider’s stock worth $22,159,000 after buying an additional 567,807 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of China Life Insurance by 2,776.1% in the third quarter. Renaissance Technologies LLC now owns 500,435 shares of the financial services provider’s stock worth $5,700,000 after buying an additional 483,035 shares in the last quarter. Morgan Stanley lifted its stake in shares of China Life Insurance by 82.4% in the third quarter. Morgan Stanley now owns 729,708 shares of the financial services provider’s stock worth $8,311,000 after buying an additional 329,588 shares in the last quarter. Jane Street Group LLC bought a new position in shares of China Life Insurance in the third quarter worth approximately $2,909,000. Finally, Strs Ohio lifted its stake in shares of China Life Insurance by 102.7% in the fourth quarter. Strs Ohio now owns 381,000 shares of the financial services provider’s stock worth $3,996,000 after buying an additional 193,000 shares in the last quarter. Hedge funds and other institutional investors own 0.28% of the company’s stock.

Several brokerages have recently issued reports on LFC. Zacks Investment Research upgraded shares of China Life Insurance from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Saturday. Goldman Sachs Group cut shares of China Life Insurance from a “neutral” rating to a “sell” rating in a report on Tuesday, March 5th. ValuEngine raised shares of China Life Insurance from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. Finally, Nomura cut shares of China Life Insurance from a “buy” rating to a “neutral” rating in a report on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $14.43.

LFC opened at $13.66 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.33 and a quick ratio of 9.10. China Life Insurance Co Ltd has a twelve month low of $9.85 and a twelve month high of $14.67. The company has a market cap of $75.86 billion, a PE ratio of 48.79 and a beta of 1.37.

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China Life Insurance 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.

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

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