Connor Clark & Lunn Investment Management Ltd. increased its stake in China Life Insurance Co Ltd (NYSE:LFC) by 391.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,623 shares of the financial services provider’s stock after buying an additional 40,323 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in China Life Insurance were worth $647,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of China Life Insurance during the first quarter worth $108,000. Signaturefd LLC bought a new stake in shares of China Life Insurance during the first quarter worth $134,000. Nuveen Asset Management LLC bought a new stake in shares of China Life Insurance during the first quarter worth $140,000. Cibc Bank USA bought a new stake in shares of China Life Insurance during the second quarter worth $132,000. Finally, Suntrust Banks Inc. bought a new stake in shares of China Life Insurance during the first quarter worth $150,000. Institutional investors own 0.33% of the company’s stock.

LFC has been the topic of several research reports. Goldman Sachs Group lowered China Life Insurance from a “neutral” rating to a “sell” rating in a research note on Thursday, May 10th. Macquarie upgraded China Life Insurance from a “neutral” rating to an “outperform” rating and raised their price target for the company from $13.49 to $13.85 in a research note on Tuesday, April 24th. Morgan Stanley upgraded China Life Insurance from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, July 25th. ValuEngine lowered China Life Insurance from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Finally, JPMorgan Chase & Co. lowered China Life Insurance from an “overweight” rating to a “neutral” rating in a research note on Friday, August 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $14.93.

Shares of China Life Insurance stock opened at $11.87 on Monday. The firm has a market cap of $68.46 billion, a PE ratio of 12.76 and a beta of 1.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 8.45 and a current ratio of 8.45. China Life Insurance Co Ltd has a 12 month low of $11.52 and a 12 month high of $17.85.

About China Life Insurance

China Life Insurance Company Limited, together with its subsidiaries, operates as a life insurance company in the People's Republic of China. The company operates in four segments: Life Insurance Business, Health Insurance Business, Accident Insurance Business, and Other Business. It offers individual and group life, annuity, accident, and health insurance products, as well as provides pension products.

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Institutional Ownership by Quarter for China Life Insurance (NYSE:LFC)

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