Natixis Advisors L.P. lessened its position in shares of China Life Insurance Co Ltd (NYSE:LFC) by 3.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,160 shares of the financial services provider’s stock after selling 4,114 shares during the period. Natixis Advisors L.P.’s holdings in China Life Insurance were worth $1,251,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of LFC. JPMorgan Chase & Co. boosted its holdings in shares of China Life Insurance by 108.2% during the first quarter. JPMorgan Chase & Co. now owns 617,997 shares of the financial services provider’s stock worth $8,293,000 after acquiring an additional 321,227 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in shares of China Life Insurance during the first quarter worth approximately $3,399,000. Renaissance Technologies LLC boosted its holdings in shares of China Life Insurance by 18.1% during the second quarter. Renaissance Technologies LLC now owns 1,212,835 shares of the financial services provider’s stock worth $15,003,000 after acquiring an additional 186,200 shares during the period. Bank of Montreal Can boosted its holdings in shares of China Life Insurance by 37.9% during the second quarter. Bank of Montreal Can now owns 237,115 shares of the financial services provider’s stock worth $2,933,000 after acquiring an additional 65,137 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of China Life Insurance by 5.8% during the first quarter. Parametric Portfolio Associates LLC now owns 887,540 shares of the financial services provider’s stock worth $11,911,000 after acquiring an additional 48,293 shares during the period. Institutional investors own 0.29% of the company’s stock.

Shares of NYSE LFC traded down $0.15 during midday trading on Tuesday, reaching $12.24. The company’s stock had a trading volume of 92,654 shares, compared to its average volume of 293,765. The company has a debt-to-equity ratio of 0.15, a quick ratio of 8.30 and a current ratio of 5.58. China Life Insurance Co Ltd has a fifty-two week low of $9.85 and a fifty-two week high of $14.51. The business’s 50 day moving average price is $11.91 and its two-hundred day moving average price is $12.67. The company has a market cap of $69.08 billion, a P/E ratio of 43.72 and a beta of 1.55.

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upgraded China Life Insurance from a “neutral” rating to an “overweight” rating in a report on Thursday, May 30th. They noted that the move was a valuation call. ValuEngine downgraded shares of China Life Insurance from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded shares of China Life Insurance from a “hold” rating to a “strong-buy” rating and set a $15.00 price target for the company in a research report on Thursday, July 4th. Finally, Goldman Sachs Group upgraded shares of China Life Insurance from a “sell” rating to a “buy” rating in a research report on Sunday, June 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $15.00.

China Life Insurance Company Profile

China Life Insurance Company Limited, together with its subsidiaries, operates as a life insurance company in the People's Republic of China. It operates in four segments: Life Insurance Business, Health Insurance Business, Accident Insurance Business, and Other Businesses. The company offers individual and group life, annuity, accident, and health insurance products, as well as pension products.

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

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