China Life Insurance (NYSE:LFC – Get Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report on Monday.
Separately, JPMorgan Chase & Co. raised shares of China Life Insurance from a “neutral” rating to an “overweight” rating in a report on Friday, August 5th.
Life Insurance Price Performance in China
Shares of China Life Insurance stock traded up $0.04 on Monday, reaching $7.09. 500,318 shares of the stock traded hands, compared to its average volume of 798,027. The firm’s 50-day moving average is $7.67 and its 200-day moving average is $7.70. China Life Insurance has a one year low of $6.93 and a one year high of $9.69. The company has a debt-to-equity ratio of 0.11, a quick ratio of 8.91, and a current ratio of 8.91. The firm has a market cap of $40.08 billion, a PE ratio of 5.01, a P/E/G ratio of 0.69 and a beta of 0.64.
Hedge funds weigh in on life insurance in China
Several institutional investors and hedge funds have recently added to or reduced their stakes in LFC. Crossmark Global Holdings Inc. raised its stake in China Life Insurance by 1,190.3% in the first quarter. Crossmark Global Holdings Inc. now owns 1,199,151 shares of the financial services provider’s stock worth $9,102,000 after buying an additional 1,106,213 shares during the last quarter. Ontario Pension Plan Trust Fund Healthcare purchased a new position in China Life Insurance in the second quarter valued at about $4,486,000. OLD Mission Capital LLC bought a new position in China Life Insurance in the second quarter worth about $2,646,000. LMR Partners LLP raised its stake in China Life Insurance by 668.2% in the 4th quarter. LMR Partners LLP now owns 330,322 shares of the financial services provider’s stock valued at $2,737,000 after buying an additional 287,321 shares during the last quarter. Finally, Eqis Capital Management Inc. bought a new position in China Life Insurance in the second quarter worth about $1,485,000. Institutional investors own 8.09% of the company’s shares.
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. The Company operates in four segments: Life Insurance Business, Health Insurance Business, Accident Insurance Business and Other Businesses. It offers critical illness protection, annuity, child/women/pension, safety, security, life insurance, medical and accident protection.
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