Goldman Sachs Group, Inc. (The) downgraded shares of China Life Insurance Company Limited (NYSE:LFC) from a conviction-buy rating to a buy rating in a research report report published on Wednesday.

Other equities research analysts have also recently issued research reports about the stock. BidaskClub cut shares of China Life Insurance Company Limited from a hold rating to a sell rating in a research report on Monday, July 31st. Bank of America Corporation cut shares of China Life Insurance Company Limited from a buy rating to a neutral rating in a research report on Tuesday, April 25th. Finally, Zacks Investment Research cut shares of China Life Insurance Company Limited from a buy rating to a hold rating in a research report on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $18.00.

China Life Insurance Company Limited (LFC) traded down 1.97% during mid-day trading on Wednesday, reaching $14.94. 229,027 shares of the company were exchanged. China Life Insurance Company Limited has a one year low of $11.74 and a one year high of $16.61. The stock has a 50 day moving average of $15.86 and a 200-day moving average of $15.52. The stock has a market capitalization of $87.49 billion, a price-to-earnings ratio of 29.01 and a beta of 1.37.

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The firm also recently declared a None dividend, which was paid on Friday, August 11th. Investors of record on Thursday, June 15th were given a $0.137 dividend. The ex-dividend date was Tuesday, June 13th. China Life Insurance Company Limited’s dividend payout ratio is presently 27.45%.

A number of large investors have recently made changes to their positions in LFC. Trexquant Investment LP acquired a new stake in shares of China Life Insurance Company Limited during the first quarter valued at $166,000. Sciencast Management LP acquired a new stake in shares of China Life Insurance Company Limited during the second quarter valued at $179,000. Greenleaf Trust acquired a new stake in shares of China Life Insurance Company Limited during the first quarter valued at $190,000. Sit Investment Associates Inc. boosted its stake in shares of China Life Insurance Company Limited by 66.2% in the first quarter. Sit Investment Associates Inc. now owns 12,800 shares of the financial services provider’s stock valued at $196,000 after buying an additional 5,100 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of China Life Insurance Company Limited during the first quarter valued at $266,000. Institutional investors own 0.23% of the company’s stock.

About China Life Insurance Company Limited

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 three segments: Life Insurance, Health Insurance, and Accident Insurance.

Analyst Recommendations for China Life Insurance Company Limited (NYSE:LFC)

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