China Life Insurance Co. (NYSE:LFC) was upgraded by Goldman Sachs Group Inc. from a “buy” rating to a “conviction-buy” rating in a report issued on Wednesday.

Several other research analysts have also recently issued reports on LFC. Zacks Investment Research cut shares of China Life Insurance from a “hold” rating to a “sell” rating in a report on Monday, August 29th. HSBC upgraded shares of China Life Insurance from a “reduce” rating to a “hold” rating in a report on Tuesday, September 27th. Finally, Morgan Stanley cut shares of China Life Insurance from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $12.00.

China Life Insurance (NYSE:LFC) traded down 1.88% during mid-day trading on Wednesday, reaching $13.60. 368,183 shares of the company’s stock traded hands. The company has a 50-day moving average of $12.92 and a 200-day moving average of $11.93. China Life Insurance has a 52-week low of $10.07 and a 52-week high of $18.29. The company has a market capitalization of $77.47 billion, a price-to-earnings ratio of 37.26 and a beta of 1.34.

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in China Life Insurance by 12,171.4% in the first quarter. JPMorgan Chase & Co. now owns 139,158 shares of the company’s stock valued at $1,711,000 after buying an additional 138,024 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in China Life Insurance by 5.8% in the second quarter. BNP Paribas Arbitrage SA now owns 133,724 shares of the company’s stock valued at $1,439,000 after buying an additional 7,317 shares in the last quarter. Augustine Asset Management Inc. raised its stake in China Life Insurance by 1.8% in the second quarter. Augustine Asset Management Inc. now owns 193,100 shares of the company’s stock valued at $2,077,000 after buying an additional 3,345 shares in the last quarter. Capstone Asset Management Co. raised its stake in China Life Insurance by 111.6% in the second quarter. Capstone Asset Management Co. now owns 680,719 shares of the company’s stock valued at $7,325,000 after buying an additional 358,975 shares in the last quarter. Finally, Private Bank & Trust Co. raised its stake in China Life Insurance by 27.9% in the second quarter. Private Bank & Trust Co. now owns 15,423 shares of the company’s stock valued at $166,000 after buying an additional 3,366 shares in the last quarter. 0.29% of the stock is owned by institutional investors and hedge funds.

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About China Life Insurance

China Life Insurance Company Limited is a life insurance company. The Company provides a range of insurance products, including individual and group life insurance, health insurance and accident insurance products. It operates through four segments: life insurance, health insurance, accident insurance and other.

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