China Life Insurance Co. (NYSE:LFC) shares gapped down before the market opened on Friday . The stock had previously closed at $11.77, but opened at $11.83. China Life Insurance shares last traded at $11.93, with a volume of 194,587 shares traded.

Separately, Zacks Investment Research upgraded China Life Insurance from a “sell” rating to a “hold” rating in a research note on Wednesday, May 25th.

The company has a market cap of $69.90 billion and a P/E ratio of 16.41. The company has a 50-day moving average price of $11.12 and a 200 day moving average price of $11.33.

Other hedge funds and institutional investors have modified their holdings of the company. Bank of Montreal Can increased its position in shares of China Life Insurance by 6.1% in the fourth quarter. Bank of Montreal Can now owns 64,364 shares of the company’s stock worth $1,029,000 after buying an additional 3,687 shares in the last quarter. Comerica Bank increased its position in shares of China Life Insurance by 4.7% in the fourth quarter. Comerica Bank now owns 80,105 shares of the company’s stock worth $1,163,000 after buying an additional 3,581 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of China Life Insurance by 25.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 91,570 shares of the company’s stock worth $1,464,000 after buying an additional 18,303 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of China Life Insurance by 15.4% in the fourth quarter. First Trust Advisors LP now owns 94,021 shares of the company’s stock worth $1,503,000 after buying an additional 12,578 shares in the last quarter.

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