China Life Insurance Company Limited (NYSE:LFC) Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of China Life Insurance Company Limited (NYSE:LFC) from a buy rating to a hold rating in a research report report published on Wednesday, October 25th.

According to Zacks, “Year to date, China Life’s shares have outperformed the industry. The company’s robust market position and organic growth initiatives are encouraging. Its operational efficiency is also reflected by its product upgrades and premium growth over the last many quarters. Its solid investment management also continues to impress. The company has the most extensive distribution and service network among all insurance companies operating in China. The stock has seen the Zacks Consensus Estimate for 2017 and 2018 earnings being revised upward over the last 90 days. However, rising expenses continue to weigh on its bottom line. Moreover, the downturn in the chinese economy as well as economic volatility outside China continue to hurt its operation. The company is expected to release its third-quarter results on Oct 26, 2017.”

LFC has been the subject of several other research reports. Bank of America Corporation upgraded China Life Insurance Company Limited from a neutral rating to a buy rating in a research report on Friday, August 25th. BidaskClub cut China Life Insurance Company Limited from a hold rating to a sell rating in a research note on Monday, July 31st. Daiwa Capital Markets raised China Life Insurance Company Limited to a buy rating in a research note on Monday, August 28th. Credit Suisse Group raised China Life Insurance Company Limited from an underperform rating to a neutral rating in a research report on Friday, August 25th. Finally, Sanford C. Bernstein cut China Life Insurance Company Limited from an outperform rating to a market perform rating in a research report on Thursday, August 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $17.00.

Shares of China Life Insurance Company Limited (NYSE:LFC) traded up $0.30 during midday trading on Wednesday, hitting $17.76. The stock had a trading volume of 422,700 shares, compared to its average volume of 402,059. The stock has a market capitalization of $100,396.23, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 2.05 and a beta of 1.40. The company has a quick ratio of 11.01, a current ratio of 11.01 and a debt-to-equity ratio of 0.08. China Life Insurance Company Limited has a 52 week low of $12.17 and a 52 week high of $17.85.

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Institutional investors have recently made changes to their positions in the company. Nine Chapters Capital Management LLC purchased a new position in China Life Insurance Company Limited during the 3rd quarter valued at $151,000. Trexquant Investment LP bought a new stake in China Life Insurance Company Limited during the 3rd quarter valued at $160,000. Archford Capital Strategies LLC raised its position in China Life Insurance Company Limited by 2,288.1% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,003 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 961 shares in the last quarter. Sciencast Management LP bought a new stake in China Life Insurance Company Limited during the 2nd quarter valued at $179,000. Finally, Sit Investment Associates Inc. raised its position in China Life Insurance Company Limited by 7.6% during the 2nd quarter. Sit Investment Associates Inc. now owns 13,775 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 975 shares in the last quarter. Hedge funds and other institutional investors own 0.22% of the company’s stock.

China Life Insurance Company Limited Company Profile

China Life Insurance Company Limited is a life insurance company. The Company provides a range of insurance products, including individual and group life insurance, health insurance and accident insurance products. It operates through three segments: Life Insurance, Health Insurance, and Accident Insurance.

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Analyst Recommendations for China Life Insurance Company Limited (NYSE:LFC)

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