Sanford C. Bernstein cut shares of China Life Insurance (NYSE:LFC) from an outperform rating to a market perform rating in a research report released on Monday morning, Marketbeat reports.
Other research analysts also recently issued reports about the stock. Nomura downgraded shares of China Life Insurance from a buy rating to a neutral rating in a research report on Friday, October 5th. HSBC downgraded shares of China Life Insurance from a hold rating to a reduce rating in a research report on Thursday, September 6th. JPMorgan Chase & Co. downgraded shares of China Life Insurance from an overweight rating to a neutral rating in a research report on Friday, August 3rd. Finally, Morgan Stanley upgraded shares of China Life Insurance from an underweight rating to an equal weight rating in a research report on Wednesday, July 25th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. China Life Insurance currently has a consensus rating of Hold and a consensus price target of $14.93.
Shares of LFC opened at $10.06 on Monday. The firm has a market cap of $57.72 billion, a PE ratio of 10.82, a P/E/G ratio of 0.60 and a beta of 1.56. The company has a debt-to-equity ratio of 0.06, a quick ratio of 9.10 and a current ratio of 9.10. China Life Insurance has a 1-year low of $9.85 and a 1-year high of $17.85.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its position in China Life Insurance by 274.7% during the second 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. Cibc Bank USA acquired a new position in China Life Insurance during the second quarter valued at $132,000. Suntrust Banks Inc. acquired a new position in China Life Insurance during the first quarter valued at $150,000. Greenleaf Trust acquired a new position in China Life Insurance during the third quarter valued at $203,000. Finally, Cubist Systematic Strategies LLC lifted its position in China Life Insurance by 12.5% during the second 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. Institutional investors own 0.32% of the company’s stock.
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.
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