China Life Insurance Company Limited (NYSE:LFC) shares saw strong trading volume on Friday . 2,117,081 shares were traded during trading, an increase of 346% from the previous session’s volume of 474,302 shares.The stock last traded at $16.22 and had previously closed at $15.67.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded China Life Insurance Company Limited from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Tuesday, August 29th. Daiwa Capital Markets upgraded China Life Insurance Company Limited to a “buy” rating in a report on Monday, August 28th. BidaskClub upgraded China Life Insurance Company Limited from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. 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. 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.00.

The company’s 50 day moving average is $15.43 and its 200-day moving average is $15.58. The stock has a market cap of $91.69 billion, a PE ratio of 29.23 and a beta of 1.34.

A number of institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. grew its stake in China Life Insurance Company Limited by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 27,994 shares of the financial services provider’s stock valued at $433,000 after acquiring an additional 85 shares during the period. Wetherby Asset Management Inc. grew its stake in China Life Insurance Company Limited by 1.7% in the second quarter. Wetherby Asset Management Inc. now owns 35,263 shares of the financial services provider’s stock valued at $541,000 after acquiring an additional 606 shares during the period. State Street Corp grew its stake in China Life Insurance Company Limited by 2.8% in the second quarter. State Street Corp now owns 22,792 shares of the financial services provider’s stock valued at $350,000 after acquiring an additional 611 shares during the period. KCG Holdings Inc. grew its stake in China Life Insurance Company Limited by 4.7% in the first quarter. KCG Holdings Inc. now owns 17,966 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 808 shares during the period. Finally, Archford Capital Strategies LLC grew 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 valued at $170,000 after acquiring an additional 961 shares during the period. 0.23% of the stock is owned by hedge funds and other institutional investors.

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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.

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