Zacks Investment Research downgraded shares of China Life Insurance (NYSE:LFC) from a hold rating to a sell rating in a report published on Friday.

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 analysts also recently commented on the stock. Bank of America upgraded shares of China Life Insurance from a neutral rating to a buy rating in a research report on Tuesday, January 22nd. HSBC downgraded shares of China Life Insurance from a buy rating to a hold rating in a research report on Tuesday, January 22nd. ValuEngine raised shares of China Life Insurance from a sell rating to a hold rating in a research note on Saturday, January 19th. Goldman Sachs Group raised shares of China Life Insurance from a sell rating to a neutral rating in a research note on Tuesday, December 18th. Finally, Nomura cut shares of China Life Insurance from a neutral rating to a reduce rating in a research note on Friday, December 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $12.93.

LFC stock opened at $12.40 on Friday. China Life Insurance has a 52 week low of $9.85 and a 52 week high of $16.95. The stock has a market cap of $70.77 billion, a price-to-earnings ratio of 13.33 and a beta of 1.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 9.10 and a current ratio of 9.10.

Several institutional investors and hedge funds have recently made changes to their positions in LFC. Renaissance Technologies LLC grew its stake in shares of 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 during the last quarter. Morgan Stanley grew its stake in shares of 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 during the last quarter. Jane Street Group LLC acquired a new position in shares of China Life Insurance in the 3rd quarter worth approximately $2,909,000. Strs Ohio grew its stake in shares of China Life Insurance by 102.7% in the 4th quarter. Strs Ohio now owns 381,000 shares of the financial services provider’s stock worth $3,996,000 after purchasing an additional 193,000 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of China Life Insurance by 7.4% in the 2nd quarter. Northern Trust Corp now owns 1,736,434 shares of the financial services provider’s stock worth $22,190,000 after purchasing an additional 119,046 shares during the last quarter. 0.33% of the stock is currently owned by institutional investors.

China Life Insurance Company Profile

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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