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 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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