China Life Insurance Co. (NYSE:LFC) shares gapped up prior to trading on Friday . The stock had previously closed at $12.03, but opened at $12.05. China Life Insurance shares last traded at $12.19, with a volume of 395,477 shares changing hands.

Separately, Zacks Investment Research downgraded China Life Insurance from a “buy” rating to a “hold” rating in a report on Thursday, June 16th.

The company has a market capitalization of $71.18 billion and a P/E ratio of 16.71. The stock’s 50-day moving average price is $11.56 and its 200 day moving average price is $11.38.

An institutional investor recently raised its position in China Life Insurance stock. Bank of Montreal Can raised its position in China Life Insurance Co. (NYSE:LFC) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,364 shares of the company’s stock after buying an additional 3,687 shares during the period. Bank of Montreal Can’s holdings in China Life Insurance were worth $1,029,000 as of its most recent filing with the SEC.

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