China Life Insurance (LFC) Downgraded to Underperform at Credit Suisse Group

Credit Suisse Group cut shares of China Life Insurance (NYSE:LFC) from a neutral rating to an underperform rating in a research note released on Thursday morning.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of China Life Insurance from a buy rating to a hold rating in a report on Thursday, September 7th. Goldman Sachs Group cut shares of China Life Insurance from a buy rating to a neutral rating in a report on Wednesday, December 13th. UBS Group raised shares of China Life Insurance from a neutral rating to a buy rating in a report on Tuesday, December 5th. Finally, Deutsche Bank cut shares of China Life Insurance from a buy rating to a hold rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. China Life Insurance has an average rating of Hold and an average target price of $17.00.

China Life Insurance (LFC) traded down $0.31 during trading on Thursday, hitting $15.83. 648,100 shares of the stock traded hands, compared to its average volume of 678,633. The company has a market capitalization of $91,238.46, a PE ratio of 29.87 and a beta of 1.39. China Life Insurance has a 52-week low of $13.38 and a 52-week high of $17.85. The company has a current ratio of 11.01, a quick ratio of 11.01 and a debt-to-equity ratio of 0.08.

Large investors have recently made changes to their positions in the stock. Nine Chapters Capital Management LLC purchased a new position in China Life Insurance in the third quarter worth $151,000. Trexquant Investment LP purchased a new position in China Life Insurance in the third quarter worth $160,000. Archford Capital Strategies LLC grew its position in China Life Insurance by 2,288.1% in the second quarter. Archford Capital Strategies LLC now owns 1,003 shares of the financial services provider’s stock worth $170,000 after acquiring an additional 961 shares in the last quarter. Sciencast Management LP purchased a new position in China Life Insurance in the second quarter worth $179,000. Finally, Jane Street Group LLC purchased a new position in China Life Insurance in the third quarter worth $214,000. Institutional investors own 0.29% of the company’s stock.

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About China Life Insurance

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 (NYSE:LFC)

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