Zacks Investment Research upgraded shares of China Life Insurance Company Limited (NYSE:LFC) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. Zacks Investment Research currently has $18.00 target price on the financial services provider’s stock.

According to Zacks, “Year to date, China Life’s shares have outperformed the industry. The company’s robust market position and organic growth initiatives are encouraging. Its operational efficiency is also reflected by its product upgrades and premium growth over the last few quarters. Its solid investment management also continues to impress. The company has the most extensive distribution and service network among all insurance companies operating in China. Its first-half 2017 net profit grew 17.8% year-over-year, primarily on the back of higher revenues. The stock has seen the Zacks Consensus Estimate for 2017 and 2018 earnings being revised upward over the last 30 days. However, it suffers from rising expenses that have been pushing the bottom line down over last few quarters. Its severe exposure to market risk also bothers.”

Other equities analysts have also recently issued reports about the company. Daiwa Capital Markets upgraded China Life Insurance Company Limited to a buy rating in a report on Monday. Bank of America Corporation upgraded China Life Insurance Company Limited from a neutral rating to a buy rating in a report on Friday, August 25th. Goldman Sachs Group, Inc. (The) cut China Life Insurance Company Limited from a conviction-buy rating to a buy rating in a report on Wednesday, August 16th. BidaskClub upgraded China Life Insurance Company Limited from a sell rating to a hold rating in a report on Wednesday, July 12th. Finally, Sanford C. Bernstein cut China Life Insurance Company Limited from an outperform rating to a market perform rating in a report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $18.00.

China Life Insurance Company Limited (LFC) traded down 0.37% during trading on Tuesday, reaching $16.06. The company’s stock had a trading volume of 53,971 shares. The company has a market cap of $87.52 billion, a PE ratio of 29.47 and a beta of 1.37. China Life Insurance Company Limited has a 52-week low of $12.16 and a 52-week high of $16.61. The stock has a 50-day moving average price of $15.87 and a 200 day moving average price of $15.60.

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The business also recently announced a None dividend, which was paid on Friday, August 11th. Stockholders of record on Thursday, June 15th were paid a $0.137 dividend. The ex-dividend date was Tuesday, June 13th. China Life Insurance Company Limited’s dividend payout ratio (DPR) is presently 27.45%.

Several large investors have recently added to or reduced their stakes in LFC. Northern Trust Corp raised its stake in China Life Insurance Company Limited by 18.0% in the second quarter. Northern Trust Corp now owns 1,473,716 shares of the financial services provider’s stock worth $22,606,000 after buying an additional 225,059 shares during the period. Credit Suisse AG raised its stake in China Life Insurance Company Limited by 21.8% in the first quarter. Credit Suisse AG now owns 1,083,149 shares of the financial services provider’s stock worth $16,604,000 after buying an additional 193,584 shares during the period. Parametric Portfolio Associates LLC raised its stake in China Life Insurance Company Limited by 7.1% in the second quarter. Parametric Portfolio Associates LLC now owns 561,245 shares of the financial services provider’s stock worth $8,609,000 after buying an additional 37,198 shares during the period. Aperio Group LLC raised its stake in China Life Insurance Company Limited by 9.9% in the second quarter. Aperio Group LLC now owns 544,782 shares of the financial services provider’s stock worth $8,357,000 after buying an additional 49,287 shares during the period. Finally, Karp Capital Management Corp bought a new stake in China Life Insurance Company Limited during the first quarter worth $7,596,000. 0.23% of the stock is owned by institutional investors.

About China Life Insurance Company Limited

China Life Insurance Company Limited is a life insurance company. The Company provides a range of insurance products, including individual and group life insurance, health insurance and accident insurance products. It operates through three segments: Life Insurance, Health Insurance, and Accident Insurance.

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Analyst Recommendations for China Life Insurance Company Limited (NYSE:LFC)

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