China Life Insurance Co Ltd (NYSE:LFC) shot up 5.1% during mid-day trading on Monday . The company traded as high as $12.59 and last traded at $12.59, 351,400 shares changed hands during mid-day trading. A decline of 22% from the average session volume of 450,723 shares. The stock had previously closed at $11.98.
A number of brokerages recently issued reports on LFC. ValuEngine cut China Life Insurance from a “sell” rating to a “strong sell” rating in a research report on Friday, October 4th. Zacks Investment Research raised China Life Insurance from a “hold” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research report on Thursday, July 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. China Life Insurance has a consensus rating of “Buy” and a consensus target price of $15.00.
The stock has a market capitalization of $68.12 billion, a price-to-earnings ratio of 44.96 and a beta of 1.54. The company has a debt-to-equity ratio of 0.15, a quick ratio of 8.30 and a current ratio of 5.58. The business has a 50-day moving average of $11.91 and a 200-day moving average of $12.36.
China Life Insurance (NYSE:LFC) last announced its earnings results on Thursday, August 22nd. The financial services provider reported $0.29 earnings per share (EPS) for the quarter. The firm had revenue of $19.77 billion during the quarter. China Life Insurance had a return on equity of 9.31% and a net margin of 4.91%. On average, research analysts predict that China Life Insurance Co Ltd will post 1.37 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its position in China Life Insurance by 61.9% during the 2nd quarter. Royal Bank of Canada now owns 2,855 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 1,092 shares during the period. Advisor Partners LLC acquired a new stake in China Life Insurance during the 3rd quarter worth approximately $127,000. OneAscent Financial Services LLC acquired a new stake in China Life Insurance during the 2nd quarter worth approximately $160,000. Signaturefd LLC lifted its position in China Life Insurance by 32.7% during the 3rd quarter. Signaturefd LLC now owns 15,047 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 3,706 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in China Life Insurance during the 2nd quarter worth approximately $217,000. 0.28% of the stock is owned by hedge funds and other institutional investors.
About China Life Insurance (NYSE:LFC)
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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