Zacks Investment Research lowered shares of China Life Insurance Company Limited (NYSE:LFC) from a buy rating to a hold rating in a research note issued to investors on Friday.

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 many 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. The stock has seen the Zacks Consensus Estimate for 2017 and 2018 earnings being revised upward over the last 30 days. However, the company's exposure to market risk continues to bother. Rising level of expenses alo keeps weighing on the bottom line.”

A number of other brokerages also recently issued reports on LFC. Daiwa Capital Markets upgraded shares of China Life Insurance Company Limited to a buy rating in a research note on Monday, August 28th. BidaskClub upgraded shares of China Life Insurance Company Limited from a sell rating to a hold rating in a research note on Wednesday, July 12th. Bank of America Corporation upgraded shares of China Life Insurance Company Limited from a neutral rating to a buy rating in a research report on Friday, August 25th. Credit Suisse Group upgraded shares of China Life Insurance Company Limited from an underperform rating to a neutral rating in a research report on Friday, August 25th. Finally, Sanford C. Bernstein downgraded shares of China Life Insurance Company Limited from an outperform rating to a market perform rating in a research report on Thursday, August 17th. One 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. China Life Insurance Company Limited has an average rating of Hold and a consensus price target of $17.00.

Shares of China Life Insurance Company Limited (NYSE:LFC) opened at 14.96 on Friday. 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 market cap of $84.57 billion, a PE ratio of 26.95 and a beta of 1.38. The company’s 50-day moving average is $15.65 and its 200-day moving average is $15.61.

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Large investors have recently modified their holdings of the company. Archford Capital Strategies LLC lifted its position in shares of China Life Insurance Company Limited by 2,288.1% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,003 shares of the financial services provider’s stock worth $170,000 after buying an additional 961 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of China Life Insurance Company Limited during the 1st quarter worth approximately $166,000. Sciencast Management LP purchased a new stake in shares of China Life Insurance Company Limited during the 2nd quarter worth approximately $179,000. Sit Investment Associates Inc. lifted its position in shares of China Life Insurance Company Limited by 7.6% during the 2nd quarter. Sit Investment Associates Inc. now owns 13,775 shares of the financial services provider’s stock worth $211,000 after buying an additional 975 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of China Life Insurance Company Limited during the 1st quarter worth approximately $266,000. Institutional investors and hedge funds own 0.23% of the company’s stock.

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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