Credit Suisse Group upgraded shares of China Life Insurance Company Limited (NYSE:LFC) from an underperform rating to a neutral rating in a research note released on Friday morning.

A number of other analysts have also recently weighed in on LFC. Goldman Sachs Group, Inc. (The) cut shares of China Life Insurance Company Limited from a conviction-buy rating to a buy rating in a research note on Wednesday, August 16th. BidaskClub cut shares of China Life Insurance Company Limited from a sell rating to a strong sell rating in a research note on Monday, August 14th. Sanford C. Bernstein cut shares of China Life Insurance Company Limited from an outperform rating to a market perform rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research cut shares of China Life Insurance Company Limited from a buy rating to a hold rating in a research note on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. China Life Insurance Company Limited presently has an average rating of Hold and an average price target of $18.00.

Shares of China Life Insurance Company Limited (NYSE:LFC) traded up 6.02% during mid-day trading on Friday, hitting $16.20. The company had a trading volume of 1,283,683 shares. China Life Insurance Company Limited has a 12-month low of $11.82 and a 12-month high of $16.61. The firm has a market cap of $89.61 billion, a PE ratio of 29.72 and a beta of 1.37. The firm’s 50 day moving average is $15.82 and its 200-day moving average is $15.57.

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

Several hedge funds have recently bought and sold shares of LFC. Archford Capital Strategies LLC boosted its stake in China Life Insurance Company Limited by 2,288.1% in the second quarter. Archford Capital Strategies LLC now owns 1,003 shares of the financial services provider’s stock worth $170,000 after buying an additional 961 shares during the last quarter. Trexquant Investment LP bought a new stake in China Life Insurance Company Limited during the first quarter worth $166,000. Sciencast Management LP bought a new stake in China Life Insurance Company Limited during the second quarter worth $179,000. Greenleaf Trust bought a new stake in China Life Insurance Company Limited during the first quarter worth $190,000. Finally, Sit Investment Associates Inc. boosted its stake in 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 worth $196,000 after buying an additional 5,100 shares during the last quarter. 0.23% of the stock is currently owned by hedge funds and other institutional investors.

China Life Insurance Company Limited Company Profile

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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