China Life Insurance (LFC) Shares Down 0.8%

China Life Insurance Co Ltd (NYSE:LFC) shares fell 0.8% during mid-day trading on Monday . The company traded as low as $10.13 and last traded at $10.13. 44,495 shares traded hands during trading, a decline of 92% from the average session volume of 579,818 shares. The stock had previously closed at $10.21.

A number of research firms recently issued reports on LFC. Nomura downgraded China Life Insurance from a “buy” rating to a “neutral” rating in a research note on Friday, October 5th. HSBC upgraded China Life Insurance from a “reduce” rating to a “hold” rating in a research note on Thursday, August 9th. Morgan Stanley upgraded China Life Insurance from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, July 25th. JPMorgan Chase & Co. downgraded China Life Insurance from an “overweight” rating to a “neutral” rating in a research note on Friday, August 3rd. Finally, Sanford C. Bernstein downgraded China Life Insurance from an “outperform” rating to a “market perform” rating in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. China Life Insurance has a consensus rating of “Hold” and an average price target of $14.93.

The company has a market cap of $57.72 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 0.62 and a beta of 1.56. 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 (NYSE:LFC) last announced its earnings results on Thursday, October 25th. The financial services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.30). China Life Insurance had a net margin of 4.03% and a return on equity of 7.73%. The company had revenue of $19.76 billion during the quarter. On average, analysts expect that China Life Insurance Co Ltd will post 0.6 EPS for the current year.

Several hedge funds have recently made changes to their positions in the business. Northern Trust Corp lifted its holdings in shares of China Life Insurance by 7.4% in the 2nd quarter. Northern Trust Corp now owns 1,736,434 shares of the financial services provider’s stock valued at $22,190,000 after buying an additional 119,046 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of 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 buying an additional 5,780 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in shares of 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 buying an additional 4,614 shares during the period. Raymond James & Associates lifted its holdings in shares of China Life Insurance by 20.7% in the 2nd quarter. Raymond James & Associates now owns 172,255 shares of the financial services provider’s stock valued at $2,201,000 after buying an additional 29,555 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of 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 buying an additional 7,318 shares during the period. Institutional investors own 0.32% of the company’s stock.

About China Life Insurance (NYSE:LFC)

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.

Featured Article: Market Capitalization – What it Means for Investors

Receive News & Ratings for China Life Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Life Insurance and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply