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Life Insurance in China (NYSE: LFC) has been downgraded from Zacks investment research from a “buy†note to a “keep†note in a research note published on Monday, Zacks.com reports.
According to Zacks, “China Life Insurance Company Limited is the leading life insurance company in the Chinese life insurance market. The company provides products and services, including individual life insurance, group life insurance, accident insurance and health insurance. The company is China’s largest life insurance company. , a leading provider of annuity and life insurance products for individuals and groups, and a leading provider of accident and health insurance, through its majority stake in China Life Insurance Assets Management Co., Ltd., the company has become China’s largest insurance asset management company and one of the largest institutional investors in China.
LFC traded up $ 0.02 during trading hours on Monday, reaching $ 9.08. 505,170 shares of the company were traded, against an average volume of 730,520. China Life Insurance has a 12-month minimum of $ 7.85 and a 12-month maximum of $ 12.32. The company has a 50-day moving average of $ 8.43 and a 200-day moving average of $ 9.32. The company has a market cap of $ 51.33 billion, a price-to-earnings ratio of 5.57, a price-to-earnings-growth ratio of 0.46, and a beta of 1.05. The company has a current ratio of 6.33, a rapid ratio of 20.27 and a debt ratio of 0.11.
China Life Insurance (NYSE: LFC) last reported its results on Wednesday, August 25. The financial services provider reported earnings of $ 0.34 per share for the quarter. China Life Insurance posted a net margin of 7.63% and a return on equity of 13.39%. The company posted revenue of $ 19.94 billion for the quarter. As a group, research analysts expect China Life Insurance to post 1.55 EPS for the current fiscal year.
Once again, the word “Crisis” is thrown. But it is unlike anything we have seen before …
âž” Major automakers – from GM to Toyota are closing their factories.
Analysts warn Christmas, as we know it, may not happen this year.
âž” And the big food distributor, Sysco, says it’s going to have a hard time stocking grocery store shelves.
Not because of a recession or a virus … not because of a new lockdown or a war … But quite the opposite. A new threat that could soon cause empty shelves as far as the eye can see.
Large investors have recently changed their positions in the company. Ameritas Investment Company LLC purchased a new equity stake in China Life Insurance in the 1st quarter for a value of approximately $ 32,000. Citigroup Inc. increased its position in China Life Insurance shares by 159.1% in the 1st quarter. Citigroup Inc. now owns 4,035 shares of the financial services provider valued at $ 42,000 after purchasing an additional 10,859 shares in the last quarter. NEXT Financial Group Inc bought a new position in China Life Insurance shares in the second quarter valued at $ 50,000. Northwestern Mutual Wealth Management Co. increased its position in China Life Insurance shares by 74.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,902 shares of the financial services provider valued at $ 99,000 after purchasing an additional 4,228 shares in the last quarter. Finally, CAPROCK Group Inc. purchased a new position in China Life Insurance shares in the third quarter for a value of $ 82,000. 0.33% of the shares are currently held by institutional investors.
About life insurance in China
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 business. The company offers life insurance, annuity, accident, and individual and group health insurance products.
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