China Life Insurance (LFC) Downgraded to “Reduce” at Nomura

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Nomura downgraded shares of China Life Insurance (NYSE:LFC) from a neutral rating to a reduce rating in a research note issued to investors on Friday morning, The Fly reports.

A number of other brokerages also recently weighed in on LFC. HSBC upgraded China Life Insurance from a reduce rating to a hold rating in a research note on Thursday, August 9th. Zacks Investment Research downgraded China Life Insurance from a hold rating to a sell rating in a research note on Saturday, December 1st. UBS Group downgraded China Life Insurance from a buy rating to a neutral rating in a research note on Monday, November 26th. Deutsche Bank raised shares of China Life Insurance to a buy rating in a report on Tuesday, November 20th. They noted that the move was a valuation call. Finally, Sanford C. Bernstein cut shares of China Life Insurance from an outperform rating to a market perform rating in a report on Monday, October 29th. Six investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $14.93.

Shares of NYSE LFC traded down $0.41 during midday trading on Friday, reaching $10.33. The company’s stock had a trading volume of 1,161,600 shares, compared to its average volume of 468,493. China Life Insurance has a 12-month low of $9.85 and a 12-month high of $17.32. The company has a market capitalization of $60.71 billion, a PE ratio of 11.11, a PEG ratio of 0.64 and a beta of 1.51. The company has a quick ratio of 9.10, a current ratio of 9.10 and a debt-to-equity ratio of 0.06.

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 analysts’ consensus estimates of $0.39 by ($0.30). China Life Insurance had a return on equity of 7.73% and a net margin of 4.03%. The business had revenue of $19.76 billion during the quarter. As a group, research analysts expect that China Life Insurance will post 0.61 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Northern Trust Corp raised 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 worth $22,190,000 after purchasing an additional 119,046 shares during the period. Morgan Stanley raised its holdings in shares of China Life Insurance by 82.4% in the 3rd quarter. Morgan Stanley now owns 729,708 shares of the financial services provider’s stock worth $8,311,000 after purchasing an additional 329,588 shares during the period. Renaissance Technologies LLC raised its holdings in shares of China Life Insurance by 2,776.1% in the 3rd quarter. Renaissance Technologies LLC now owns 500,435 shares of the financial services provider’s stock worth $5,700,000 after purchasing an additional 483,035 shares during the period. Jane Street Group LLC bought a new stake in shares of China Life Insurance in the 3rd quarter worth approximately $2,909,000. Finally, First Trust Advisors LP raised its holdings in shares of China Life Insurance by 24.1% in the 2nd quarter. First Trust Advisors LP now owns 231,323 shares of the financial services provider’s stock worth $2,956,000 after purchasing an additional 44,905 shares during the period. 0.34% of the stock is currently owned by institutional investors.

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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