China Life Insurance Co Ltd (LFC) Receives Average Recommendation of “Hold” from Analysts

China Life Insurance Co Ltd (NYSE:LFC) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $12.93.

Several research firms have commented on LFC. Nomura cut China Life Insurance from a “buy” rating to a “neutral” rating in a report on Friday, October 5th. Zacks Investment Research cut China Life Insurance from a “hold” rating to a “sell” rating in a report on Saturday, December 1st. UBS Group cut China Life Insurance from a “buy” rating to a “neutral” rating in a report on Monday, November 26th. Deutsche Bank upgraded China Life Insurance to a “buy” rating in a report on Tuesday, November 20th. They noted that the move was a valuation call. Finally, Goldman Sachs Group upgraded China Life Insurance from a “sell” rating to a “neutral” rating in a report on Tuesday, December 18th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates grew its stake in shares of China Life Insurance by 20.7% during the second quarter. Raymond James & Associates now owns 172,255 shares of the financial services provider’s stock worth $2,201,000 after acquiring an additional 29,555 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of China Life Insurance by 12.5% during the second quarter. Cubist Systematic Strategies LLC now owns 41,520 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 4,614 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of China Life Insurance by 274.7% during the second quarter. Tower Research Capital LLC TRC now owns 7,884 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 5,780 shares during the period. Northern Trust Corp lifted its holdings in shares of China Life Insurance by 7.4% during the second 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. Finally, Greenleaf Trust acquired a new stake in shares of China Life Insurance during the third quarter worth about $203,000.

China Life Insurance stock opened at $11.10 on Friday. The stock has a market cap of $62.30 billion, a P/E ratio of 11.94, a P/E/G ratio of 0.54 and a beta of 1.31. China Life Insurance has a 52 week low of $9.85 and a 52 week high of $17.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 9.10 and a quick ratio of 9.10.

China Life Insurance (NYSE:LFC) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.30). The company had revenue of $19.76 billion for the quarter. China Life Insurance had a return on equity of 7.73% and a net margin of 4.03%. As a group, sell-side analysts forecast that China Life Insurance will post 0.61 earnings per share for the current year.

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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