China Life Insurance Co. (LFC) Given Average Rating of “Hold” by Brokerages
Shares of China Life Insurance Co. (NYSE:LFC) have been assigned an average rating of “Hold” from the five brokerages that are presently covering the stock. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a strong buy recommendation to the company.
Several research analysts have issued reports on the company. Goldman Sachs Group Inc. upgraded China Life Insurance from a “buy” rating to a “conviction-buy” rating in a research report on Wednesday, November 23rd. Zacks Investment Research cut China Life Insurance from a “hold” rating to a “sell” rating in a research report on Tuesday, November 22nd. Morgan Stanley lowered China Life Insurance from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 29th. Finally, HSBC raised China Life Insurance from a “reduce” rating to a “hold” rating in a report on Tuesday, September 27th.
A number of hedge funds have recently bought and sold shares of LFC. First New York Securities LLC NY purchased a new stake in China Life Insurance during the third quarter valued at $111,000. NEXT Financial Group Inc bought a new stake in China Life Insurance during the third quarter worth approximately $131,000. Rehmann Capital Advisory Group bought a new stake in China Life Insurance during the third quarter worth approximately $141,000. Bellecapital International Ltd. bought a new stake in China Life Insurance during the second quarter worth approximately $132,000. Finally, Paloma Partners Management Co bought a new stake in China Life Insurance during the second quarter worth approximately $138,000. 0.29% of the stock is currently owned by institutional investors.
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Shares of China Life Insurance (NYSE:LFC) opened at 14.63 on Wednesday. The stock has a market capitalization of $83.34 billion, a price-to-earnings ratio of 40.64 and a beta of 1.34. The company has a 50-day moving average of $12.95 and a 200 day moving average of $11.97. China Life Insurance has a one year low of $10.07 and a one year high of $17.50.
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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