Crossmark Global Holdings Inc. lessened its stake in shares of China Life Insurance Co Ltd (NYSE:LFC) by 1.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 195,591 shares of the financial services provider’s stock after selling 2,677 shares during the period. Crossmark Global Holdings Inc.’s holdings in China Life Insurance were worth $2,625,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lindbrook Capital LLC bought a new stake in China Life Insurance in the fourth quarter valued at approximately $35,000. Parallel Advisors LLC bought a new stake in China Life Insurance in the first quarter valued at approximately $39,000. Atlas Capital Advisors LLC raised its stake in China Life Insurance by 76.1% in the fourth quarter. Atlas Capital Advisors LLC now owns 4,446 shares of the financial services provider’s stock valued at $47,000 after buying an additional 1,921 shares during the period. PNC Financial Services Group Inc. raised its stake in China Life Insurance by 65.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,598 shares of the financial services provider’s stock valued at $60,000 after buying an additional 2,210 shares during the period. Finally, Nuveen Asset Management LLC bought a new stake in China Life Insurance in the fourth quarter valued at approximately $109,000. Institutional investors and hedge funds own 0.29% of the company’s stock.
China Life Insurance stock opened at $12.52 on Friday. China Life Insurance Co Ltd has a 12 month low of $9.85 and a 12 month high of $14.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 8.30 and a current ratio of 8.30. The company has a market capitalization of $70.77 billion, a PE ratio of 44.71 and a beta of 1.36.
China Life Insurance (NYSE:LFC) last posted its earnings results on Wednesday, March 27th. The financial services provider reported ($0.22) EPS for the quarter. China Life Insurance had a net margin of 3.60% and a return on equity of 7.04%. The firm had revenue of $17.95 billion during the quarter. On average, analysts anticipate that China Life Insurance Co Ltd will post 0.84 EPS for the current year.
The company also recently announced an annual dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Friday, June 7th will be given a $0.1188 dividend. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, June 6th. China Life Insurance’s payout ratio is 92.86%.
Several research firms have issued reports on LFC. Zacks Investment Research upgraded China Life Insurance from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. ValuEngine upgraded China Life Insurance from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Finally, Goldman Sachs Group lowered China Life Insurance from a “neutral” rating to a “sell” rating in a research note on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $15.00.
China Life Insurance Profile
China Life Insurance Company Limited, together with its subsidiaries, operates as a life insurance company in the People's Republic of China. It operates in four segments: Life Insurance Business, Health Insurance Business, Accident Insurance Business, and Other Businesses. The company offers individual and group life, annuity, accident, and health insurance products, as well as pension products.
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