Zacks Investment Research upgraded shares of China Life Insurance (NYSE:LFC) from a sell rating to a hold rating in a research note released on Tuesday morning.

According to Zacks, “China Life Insurance Company Limited is the leading life insurance company in China’s life insurance market. The Company provides products and services including individual life insurance, group life insurance, accident and health insurance. The Company is China’s largest life insurance company, a leading provider of annuity products and life insurance for both individuals and groups, and a leading provider of accident and health insurance. Through its controlling shareholding in the China Life Insurance Assets Management Co., Ltd., the Company became China’s largest insurance asset management company and one of the largest institutional investors in China. “

A number of other equities research analysts have also recently weighed in on the stock. Nomura upgraded shares of China Life Insurance from a neutral rating to a buy rating in a research note on Tuesday, August 21st. HSBC cut shares of China Life Insurance from a hold rating to a reduce rating in a research note on Thursday, September 6th. Morgan Stanley upgraded shares of China Life Insurance from an underweight rating to an equal weight rating in a research note on Wednesday, July 25th. JPMorgan Chase & Co. cut shares of China Life Insurance from an overweight rating to a neutral rating in a research note on Friday, August 3rd. Finally, Sanford C. Bernstein cut shares of China Life Insurance from an outperform rating to a market perform rating in a research note on Monday, October 29th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and an average target price of $14.93.

Shares of LFC traded up $0.16 during midday trading on Tuesday, hitting $10.56. 808 shares of the stock traded hands, compared to its average volume of 606,345. China Life Insurance has a 1-year low of $9.85 and a 1-year high of $17.77. The company has a market cap of $60.20 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 0.64 and a beta of 1.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 9.10 and a current ratio of 9.10.

China Life Insurance (NYSE:LFC) last announced its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.30). China Life Insurance had a net margin of 4.03% and a return on equity of 7.73%. The firm had revenue of $19.76 billion for the quarter. Analysts predict that China Life Insurance will post 0.61 EPS for the current year.

A number of institutional investors have recently modified their holdings of LFC. Morgan Stanley increased its stake in China Life Insurance by 82.4% in the 3rd quarter. Morgan Stanley now owns 729,708 shares of the financial services provider’s stock worth $8,311,000 after purchasing an additional 329,588 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in China Life Insurance by 1,012.8% in the 3rd quarter. Rehmann Capital Advisory Group now owns 113,626 shares of the financial services provider’s stock worth $9,976,000 after purchasing an additional 103,415 shares in the last quarter. Jane Street Group LLC purchased a new position in China Life Insurance in the 3rd quarter worth about $2,909,000. Renaissance Technologies LLC increased its stake in China Life Insurance by 2,776.1% in the 3rd quarter. Renaissance Technologies LLC now owns 500,435 shares of the financial services provider’s stock worth $5,700,000 after purchasing an additional 483,035 shares in the last quarter. Finally, Citadel Advisors LLC increased its stake in China Life Insurance by 191.2% in the 3rd quarter. Citadel Advisors LLC now owns 41,133 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 27,007 shares in the last quarter. Hedge funds and other institutional investors own 0.32% of the company’s stock.

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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