China Life Insurance Co. (NYSE:LFC) shares saw unusually-strong trading volume on Monday . Approximately 712,681 shares were traded during trading, an increase of 61% from the previous session’s volume of 442,604 shares.The stock last traded at $12.49 and had previously closed at $11.98.

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

The firm has a market capitalization of $70.42 billion and a P/E ratio of 16.53. The stock has a 50-day moving average price of $11.27 and a 200 day moving average price of $11.33.

Several hedge funds have modified their holdings of LFC. First Trust Advisors LP boosted its stake 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 during the period. 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 worth $1,163,000 after buying an additional 3,581 shares during the period. 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 worth $1,029,000 after buying an additional 3,687 shares during the period. Finally, 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 worth $1,464,000 after buying an additional 18,303 shares during the period.

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