China Life Insurance Company Limited (NYSE:LFC) Stock Rating Upgraded by Daiwa Capital Markets

Daiwa Capital Markets upgraded shares of China Life Insurance Company Limited (NYSE:LFC) to a buy rating in a research note issued to investors on Monday, August 28th.

Several other research firms also recently issued reports on LFC. Zacks Investment Research downgraded shares of China Life Insurance Company Limited from a buy rating to a hold rating in a research note on Monday, August 28th. BidaskClub raised shares of China Life Insurance Company Limited from a sell rating to a hold rating in a research report on Wednesday, July 12th. Bank of America Corporation raised shares of China Life Insurance Company Limited from a neutral rating to a buy rating in a research report on Friday, August 25th. Credit Suisse Group raised shares of 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 downgraded shares of China Life Insurance Company Limited from an outperform rating to a market perform rating in a research report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $18.00.

Shares of China Life Insurance Company Limited (NYSE:LFC) traded up 0.72% during trading on Monday, hitting $15.43. 775,948 shares of the company were exchanged. The stock has a market cap of $87.23 billion, a P/E ratio of 28.05 and a beta of 1.38. The company’s 50-day moving average price is $15.68 and its 200 day moving average price is $15.60. China Life Insurance Company Limited has a 12 month low of $12.16 and a 12 month high of $16.61.

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Institutional investors have recently bought and sold shares of the business. Archford Capital Strategies LLC boosted its stake 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 during the period. Trexquant Investment LP acquired a new position in China Life Insurance Company Limited during the 1st quarter valued at about $166,000. Sciencast Management LP acquired a new position in China Life Insurance Company Limited during the 2nd quarter valued at about $179,000. Greenleaf Trust acquired a new position in China Life Insurance Company Limited during the 1st quarter valued at about $190,000. Finally, Sit Investment Associates Inc. boosted its stake in China Life Insurance Company Limited by 66.2% during the 1st quarter. Sit Investment Associates Inc. now owns 12,800 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 5,100 shares during the period. 0.23% of the stock is owned by hedge funds and other institutional investors.

About China Life Insurance Company Limited

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.

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

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