China Life Insurance (LFC) Releases Earnings Results, Misses Expectations By $0.30 EPS

China Life Insurance (NYSE:LFC) released its earnings results on Thursday. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.30), MarketWatch Earnings reports. China Life Insurance had a return on equity of 11.06% and a net margin of 5.62%. The business had revenue of $19.76 billion for the quarter.

Shares of LFC traded down $0.62 during mid-day trading on Friday, reaching $10.21. The stock had a trading volume of 919,355 shares, compared to its average volume of 549,360. The company has a current ratio of 8.45, a quick ratio of 8.45 and a debt-to-equity ratio of 0.06. China Life Insurance has a 52-week low of $10.13 and a 52-week high of $17.85. The firm has a market capitalization of $61.22 billion, a P/E ratio of 10.98 and a beta of 1.56.

A number of research firms have recently issued reports on LFC. HSBC raised shares of China Life Insurance from a “reduce” rating to a “hold” rating in a report on Thursday, August 9th. JPMorgan Chase & Co. lowered shares of China Life Insurance from an “overweight” rating to a “neutral” rating in a report on Friday, August 3rd. Morgan Stanley raised shares of China Life Insurance from an “underweight” rating to an “equal weight” rating in a report on Wednesday, July 25th. Finally, Nomura lowered shares of China Life Insurance from a “buy” rating to a “neutral” rating in a report on Friday, October 5th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.93.



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.

Further Reading: Investing in Dividend Stocks

Earnings History for China Life Insurance (NYSE:LFC)

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