China Life Insurance (NYSE: LFC – Get an assessment) was updated by stock researchers from StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.
Separately, JPMorgan Chase & Co. upgraded China Life Insurance shares from a “neutral” rating to an “overweight” rating in a Friday, August 5 report.
Price performance of life insurance in China
Shares of China Life Insurance were down $0.04 on Monday, hitting $7.09. 500,318 shares were traded, against an average volume of 798,027. The company’s 50-day moving average is $7.67 and its 200-day moving average is $7.70. China Life Insurance has a one-year minimum of $6.93 and a one-year maximum of $9.69. The company has a debt ratio of 0.11, a quick ratio of 8.91 and a current ratio of 8.91. The company has a market capitalization 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 on life insurance in China
Several institutional investors and hedge funds have recently increased or reduced their stake in LFC. Crossmark Global Holdings Inc. increased its stake in China Life Insurance by 1,190.3% in Q1. Crossmark Global Holdings Inc. now owns 1,199,151 shares of the financial services provider valued at $9,102,000 after buying an additional 1,106,213 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in China Life Insurance in Q2, valued at around $4,486,000. OLD Mission Capital LLC bought a new position in China Life Insurance in Q2, valued at around $2,646,000. LMR Partners LLP increased 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 valued at $2,737,000 after purchasing an additional 287,321 shares in the last quarter. Finally, Eqis Capital Management Inc. bought a new position in China Life Insurance in Q2, valued at around $1,485,000. Institutional investors hold 8.09% of the company’s shares.
China Life Insurance Company Profile
A d Tradewins
The safest option in the trades!
If you’re new to trading, you’ve probably heard the wrong word about options, that they’re risky, unpredictable, or difficult. And it couldn’t be more wrong! With the Hughes Optioneering strategy, you will soon learn that the safest option for new accounts is the options themselves!
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 through four segments: life insurance business, health insurance business, accident insurance business and other business. It offers critical illness insurance, annuity, children’s/women’s/retirement insurance, security, life insurance, medical insurance and accident insurance.
Read more
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected].
Before you consider China Life Insurance, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and China Life Insurance was not on the list.
Although China Life Insurance currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here
