Migdal Insurance & Financial Holdings Ltd. reduced its position in China Life Insurance Company Limited (NYSE:LFC) by 10.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,158 shares of the financial services provider’s stock after selling 2,000 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in China Life Insurance Company Limited were worth $261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of China Life Insurance Company Limited by 18,607.2% in the 1st quarter. JPMorgan Chase & Co. now owns 52,193 shares of the financial services provider’s stock worth $801,000 after purchasing an additional 51,914 shares in the last quarter. Trexquant Investment LP bought a new position in shares of China Life Insurance Company Limited in the 1st quarter worth $166,000. First Trust Advisors LP lifted its holdings in shares of China Life Insurance Company Limited by 37.3% in the 1st quarter. First Trust Advisors LP now owns 91,163 shares of the financial services provider’s stock worth $1,398,000 after purchasing an additional 24,776 shares in the last quarter. Stevens Capital Management LP bought a new position in shares of China Life Insurance Company Limited in the 2nd quarter worth $523,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of China Life Insurance Company Limited by 6.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 155,318 shares of the financial services provider’s stock worth $2,383,000 after purchasing an additional 9,115 shares in the last quarter. Institutional investors own 0.23% of the company’s stock.

China Life Insurance Company Limited (NYSE:LFC) traded down 0.97% during midday trading on Wednesday, reaching $15.26. The company had a trading volume of 41,482 shares. China Life Insurance Company Limited has a 12-month low of $12.16 and a 12-month high of $16.61. The company has a 50-day moving average of $15.48 and a 200-day moving average of $15.57. The stock has a market capitalization of $86.26 billion, a PE ratio of 27.50 and a beta of 1.34.

LFC has been the topic of a number of recent research reports. Bank of America Corporation upgraded China Life Insurance Company Limited from a “neutral” rating to a “buy” rating in a report on Friday, August 25th. BidaskClub cut China Life Insurance Company Limited from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research cut China Life Insurance Company Limited from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Daiwa Capital Markets upgraded China Life Insurance Company Limited to a “buy” rating in a report on Monday, August 28th. Finally, Credit Suisse Group upgraded China Life Insurance Company Limited from an “underperform” rating to a “neutral” rating in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. China Life Insurance Company Limited has a consensus rating of “Hold” and a consensus target price of $17.00.

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China Life Insurance Company Limited 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.

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Institutional Ownership by Quarter for China Life Insurance Company Limited (NYSE:LFC)

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