China Life Insurance (LFC) Lifted to “Hold” at ValuEngine

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China Life Insurance (NYSE:LFC) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Wednesday, February 20th.

A number of other analysts have also recently issued reports on the company. Sanford C. Bernstein cut China Life Insurance from an “outperform” rating to a “market perform” rating in a report on Monday, October 29th. HSBC cut China Life Insurance from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. Bank of America raised China Life Insurance from a “neutral” rating to a “buy” rating in a report on Tuesday, January 22nd. Nomura cut China Life Insurance from a “buy” rating to a “neutral” rating in a report on Tuesday, January 29th. Finally, Deutsche Bank raised China Life Insurance to a “buy” rating in a report on Tuesday, November 20th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.93.

LFC traded up $0.15 during trading on Wednesday, reaching $13.55. 388,047 shares of the company were exchanged, compared to its average volume of 622,372. The stock has a market capitalization of $76.88 billion, a price-to-earnings ratio of 14.57 and a beta of 1.37. The company has a debt-to-equity ratio of 0.06, a quick ratio of 9.10 and a current ratio of 9.10. China Life Insurance has a 12-month low of $9.85 and a 12-month high of $14.77.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its stake in China Life Insurance by 82.4% in the 3rd quarter. Morgan Stanley now owns 729,708 shares of the financial services provider’s stock worth $8,311,000 after acquiring an additional 329,588 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in China Life Insurance by 9.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 202,886 shares of the financial services provider’s stock worth $2,311,000 after acquiring an additional 17,638 shares during the last quarter. Wells Fargo & Company MN increased its stake in China Life Insurance by 1,044.3% in the 3rd quarter. Wells Fargo & Company MN now owns 124,567 shares of the financial services provider’s stock worth $1,420,000 after acquiring an additional 113,681 shares during the last quarter. Henry James International Management Inc. bought a new position in China Life Insurance in the 4th quarter worth about $885,000. Finally, Greenleaf Trust bought a new position in China Life Insurance in the 3rd quarter worth about $203,000. Institutional investors and hedge funds own 0.28% of the company’s stock.

About China Life Insurance

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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