Shares of China Life Insurance Co. (NYSE:LFC) gapped up before the market opened on Friday . The stock had previously closed at $11.12, but opened at $11.18. China Life Insurance shares last traded at $11.30, with a volume of 344,492 shares.

Separately, Zacks Investment Research upgraded China Life Insurance from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Wednesday, June 15th.

The stock has a market cap of $66.10 billion and a price-to-earnings ratio of 15.63. The stock’s 50-day moving average is $10.79 and its 200-day moving average is $11.70.

A number of hedge funds have recently added to or reduced their stakes in LFC. BNP Paribas Arbitrage SA boosted its stake in China Life Insurance by 25.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 91,570 shares of the company’s stock valued at $1,464,000 after buying an additional 18,303 shares during the last quarter. Bank of Montreal Can boosted its stake in China Life Insurance by 6.1% in the fourth quarter. Bank of Montreal Can now owns 64,364 shares of the company’s stock valued at $1,029,000 after buying an additional 3,687 shares during the last quarter. Todd Asset Management LLC boosted its stake in China Life Insurance by 228.6% in the fourth quarter. Todd Asset Management LLC now owns 488,948 shares of the company’s stock valued at $7,818,000 after buying an additional 340,148 shares during the last quarter. Comerica Bank boosted its stake in China Life Insurance by 4.7% in the fourth quarter. Comerica Bank now owns 80,105 shares of the company’s stock valued at $1,163,000 after buying an additional 3,581 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in China Life Insurance by 15.4% in the fourth quarter. First Trust Advisors LP now owns 94,021 shares of the company’s stock valued at $1,503,000 after buying an additional 12,578 shares during the last quarter.

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