China Life Insurance (NYSE:LFC) Stock Rating Lowered by Deutsche Bank

Deutsche Bank downgraded shares of China Life Insurance (NYSE:LFC) from a buy rating to a hold rating in a research report report published on Thursday, January 4th, The Fly reports.

Several other brokerages have also recently issued reports on LFC. UBS Group upgraded China Life Insurance from a neutral rating to a buy rating in a research note on Tuesday, December 5th. Zacks Investment Research cut China Life Insurance from a buy rating to a hold rating in a research note on Wednesday, October 25th. Finally, Goldman Sachs Group cut China Life Insurance from a buy rating to a neutral rating in a research note on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $17.00.

China Life Insurance (NYSE LFC) opened at $15.55 on Thursday. The company has a market capitalization of $118,440.00, a PE ratio of 27.28 and a beta of 1.39. China Life Insurance has a 1-year low of $13.54 and a 1-year high of $17.85. The company has a quick ratio of 11.01, a current ratio of 11.01 and a debt-to-equity ratio of 0.08.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nine Chapters Capital Management LLC acquired a new stake in China Life Insurance in the 3rd quarter valued at approximately $151,000. Trexquant Investment LP bought a new position in China Life Insurance during the 3rd quarter valued at $160,000. Archford Capital Strategies LLC boosted its stake in China Life Insurance by 2,288.1% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,003 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 961 shares in the last quarter. Sciencast Management LP bought a new position in China Life Insurance during the 2nd quarter valued at $179,000. Finally, Jane Street Group LLC bought a new position in China Life Insurance during the 3rd quarter valued at $214,000. Hedge funds and other institutional investors own 0.29% of the company’s stock.

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About China Life Insurance

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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