Research Analysts’ Weekly Ratings Changes for China Life Insurance (LFC)

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A number of research firms have changed their ratings and price targets for China Life Insurance (NYSE: LFC):

  • 2/4/2019 – China Life Insurance was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 2/2/2019 – China Life Insurance was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “China Life Insurance Company Limited is the leading life insurance company in China’s life insurance market. The Company provides products and services including individual life insurance, group life insurance, accident and health insurance. The Company is China’s largest life insurance company, a leading provider of annuity products and life insurance for both individuals and groups, and a leading provider of accident and health insurance. Through its controlling shareholding in the China Life Insurance Assets Management Co., Ltd., the Company became China’s largest insurance asset management company and one of the largest institutional investors in China. “
  • 1/29/2019 – China Life Insurance was downgraded by analysts at Nomura from a “buy” rating to a “neutral” rating.
  • 1/25/2019 – China Life Insurance was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “China Life Insurance Company Limited is the leading life insurance company in China’s life insurance market. The Company provides products and services including individual life insurance, group life insurance, accident and health insurance. The Company is China’s largest life insurance company, a leading provider of annuity products and life insurance for both individuals and groups, and a leading provider of accident and health insurance. Through its controlling shareholding in the China Life Insurance Assets Management Co., Ltd., the Company became China’s largest insurance asset management company and one of the largest institutional investors in China. “
  • 1/22/2019 – China Life Insurance was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating.
  • 1/22/2019 – China Life Insurance was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating.
  • 1/19/2019 – China Life Insurance was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 1/16/2019 – China Life Insurance was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “China Life Insurance Company Limited is the leading life insurance company in China’s life insurance market. The Company provides products and services including individual life insurance, group life insurance, accident and health insurance. The Company is China’s largest life insurance company, a leading provider of annuity products and life insurance for both individuals and groups, and a leading provider of accident and health insurance. Through its controlling shareholding in the China Life Insurance Assets Management Co., Ltd., the Company became China’s largest insurance asset management company and one of the largest institutional investors in China. “
  • 12/26/2018 – China Life Insurance was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “China Life Insurance Company Limited is the leading life insurance company in China’s life insurance market. The Company provides products and services including individual life insurance, group life insurance, accident and health insurance. The Company is China’s largest life insurance company, a leading provider of annuity products and life insurance for both individuals and groups, and a leading provider of accident and health insurance. Through its controlling shareholding in the China Life Insurance Assets Management Co., Ltd., the Company became China’s largest insurance asset management company and one of the largest institutional investors in China. “
  • 12/20/2018 – China Life Insurance was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “China Life Insurance Company Limited is the leading life insurance company in China’s life insurance market. The Company provides products and services including individual life insurance, group life insurance, accident and health insurance. The Company is China’s largest life insurance company, a leading provider of annuity products and life insurance for both individuals and groups, and a leading provider of accident and health insurance. Through its controlling shareholding in the China Life Insurance Assets Management Co., Ltd., the Company became China’s largest insurance asset management company and one of the largest institutional investors in China. “
  • 12/18/2018 – China Life Insurance was upgraded by analysts at Goldman Sachs Group Inc from a “sell” rating to a “neutral” rating.
  • 12/13/2018 – China Life Insurance was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “China Life Insurance Company Limited is the leading life insurance company in China’s life insurance market. The Company provides products and services including individual life insurance, group life insurance, accident and health insurance. The Company is China’s largest life insurance company, a leading provider of annuity products and life insurance for both individuals and groups, and a leading provider of accident and health insurance. Through its controlling shareholding in the China Life Insurance Assets Management Co., Ltd., the Company became China’s largest insurance asset management company and one of the largest institutional investors in China. “

NYSE:LFC traded down $0.03 during trading hours on Monday, hitting $12.16. 10,641 shares of the stock were exchanged, compared to its average volume of 640,063. The company has a debt-to-equity ratio of 0.06, a quick ratio of 9.10 and a current ratio of 9.10. The company has a market cap of $68.91 billion, a price-to-earnings ratio of 13.08 and a beta of 1.35. China Life Insurance Co Ltd has a twelve month low of $9.85 and a twelve month high of $15.29.

Hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp grew its holdings in shares of China Life Insurance by 7.4% in the 2nd quarter. Northern Trust Corp now owns 1,736,434 shares of the financial services provider’s stock valued at $22,190,000 after acquiring an additional 119,046 shares in the last quarter. Morgan Stanley grew its stake in shares of China Life Insurance by 82.4% during the third quarter. Morgan Stanley now owns 729,708 shares of the financial services provider’s stock worth $8,311,000 after buying an additional 329,588 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of China Life Insurance by 2,776.1% during the third quarter. Renaissance Technologies LLC now owns 500,435 shares of the financial services provider’s stock worth $5,700,000 after purchasing an additional 483,035 shares during the period. Strs Ohio lifted its holdings in shares of China Life Insurance by 102.7% during the fourth quarter. Strs Ohio now owns 381,000 shares of the financial services provider’s stock worth $3,996,000 after purchasing an additional 193,000 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of China Life Insurance during the third quarter worth $2,909,000. Hedge funds and other institutional investors own 0.34% of the company’s stock.

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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