China Life Insurance Company Limited (LFC) Given Consensus Recommendation of “Hold” by Brokerages

China Life Insurance Company Limited (NYSE:LFC) has been assigned an average recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company.

A number of research analysts recently issued reports on LFC shares. Credit Suisse Group downgraded shares of China Life Insurance from a “neutral” rating to an “underperform” rating in a research note on Thursday. UBS Group upgraded shares of China Life Insurance from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 5th. Zacks Investment Research downgraded shares of China Life Insurance from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Deutsche Bank downgraded shares of China Life Insurance from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Goldman Sachs Group downgraded shares of China Life Insurance from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 13th.

A number of hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp raised its holdings in China Life Insurance by 18.0% during the second quarter. Northern Trust Corp now owns 1,473,716 shares of the financial services provider’s stock worth $22,606,000 after purchasing an additional 225,059 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in China Life Insurance by 7.1% during the second quarter. Parametric Portfolio Associates LLC now owns 561,245 shares of the financial services provider’s stock worth $8,609,000 after purchasing an additional 37,198 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in China Life Insurance during the third quarter worth approximately $3,617,000. Profund Advisors LLC raised its holdings in China Life Insurance by 11.0% during the second quarter. Profund Advisors LLC now owns 200,892 shares of the financial services provider’s stock worth $3,082,000 after purchasing an additional 19,874 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in China Life Insurance by 16.9% during the third quarter. First Trust Advisors LP now owns 128,831 shares of the financial services provider’s stock worth $1,939,000 after purchasing an additional 18,671 shares in the last quarter. 0.29% of the stock is currently owned by institutional investors.

Shares of China Life Insurance (NYSE LFC) traded down $0.16 during trading on Tuesday, reaching $15.67. 1,634,803 shares of the company were exchanged, compared to its average volume of 917,675. China Life Insurance has a one year low of $13.38 and a one year high of $17.85. The company has a quick ratio of 11.01, a current ratio of 11.01 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $91,238.46, a P/E ratio of 29.57 and a beta of 1.39.

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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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