China Life Insurance Company Limited (NYSE:LFC) Cut to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of China Life Insurance Company Limited (NYSE:LFC) from a buy rating to a hold rating in a research report report published on Wednesday, October 25th.

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 90 days. However, rising expenses continue to weigh on its bottom line. Moreover, the downturn in the chinese economy as well as economic volatility outside China continue to hurt its operation. The company is expected to release its third-quarter results on Oct 26, 2017.”

A number of other research firms have also weighed in on LFC. Bank of America Corporation raised China Life Insurance Company Limited from a neutral rating to a buy rating in a research report on Friday, August 25th. BidaskClub lowered China Life Insurance Company Limited from a hold rating to a sell rating in a research report on Monday, July 31st. Daiwa Capital Markets raised China Life Insurance Company Limited to a buy rating in a research report on Monday, August 28th. Credit Suisse Group raised 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 China Life Insurance Company Limited from an outperform rating to a market perform rating in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. China Life Insurance Company Limited has an average rating of Hold and a consensus target price of $17.00.

Shares of China Life Insurance Company Limited (LFC) traded up $0.30 during trading hours on Wednesday, hitting $17.76. The stock had a trading volume of 422,700 shares, compared to its average volume of 402,059. China Life Insurance Company Limited has a 12-month low of $12.17 and a 12-month high of $17.85. The company has a market cap of $135,430.00, a price-to-earnings ratio of 32.94, a P/E/G ratio of 2.02 and a beta of 1.40. The company has a debt-to-equity ratio of 0.08, a current ratio of 11.01 and a quick ratio of 11.01.

ILLEGAL ACTIVITY WARNING: “China Life Insurance Company Limited (NYSE:LFC) Cut to Hold at Zacks Investment Research” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2017/11/11/china-life-insurance-company-limited-lfc-stock-rating-lowered-by-zacks-investment-research.html.

A number of institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its holdings in China Life Insurance Company Limited by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 27,994 shares of the financial services provider’s stock valued at $433,000 after acquiring an additional 85 shares during the period. Wetherby Asset Management Inc. increased its holdings in shares of China Life Insurance Company Limited by 1.7% in the second quarter. Wetherby Asset Management Inc. now owns 35,263 shares of the financial services provider’s stock worth $541,000 after purchasing an additional 606 shares during the last quarter. State Street Corp increased its holdings in shares of China Life Insurance Company Limited by 2.8% in the second quarter. State Street Corp now owns 22,792 shares of the financial services provider’s stock worth $350,000 after purchasing an additional 611 shares during the last quarter. KCG Holdings Inc. increased its holdings in shares of China Life Insurance Company Limited by 4.7% in the first quarter. KCG Holdings Inc. now owns 17,966 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 808 shares during the last quarter. Finally, Archford Capital Strategies LLC increased its holdings in shares of China Life Insurance Company Limited by 2,288.1% in the second quarter. Archford Capital Strategies LLC now owns 1,003 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 961 shares during the last quarter. 0.23% of the stock is currently owned by institutional investors.

China Life Insurance Company Limited Company Profile

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.

Get a free copy of the Zacks research report on China Life Insurance Company Limited (LFC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for China Life Insurance Company Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Life Insurance Company Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply