Sanford C. Bernstein Lowers China Life Insurance (LFC) to Market Perform

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.



China Life Insurance (NYSE:LFC) last announced its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.30). The company had revenue of $19.76 billion for the quarter. China Life Insurance had a net margin of 4.03% and a return on equity of 7.73%. Sell-side analysts anticipate that China Life Insurance will post 0.6 EPS for the current fiscal year.

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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Analyst Recommendations for China Life Insurance (NYSE:LFC)

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