China Life Insurance (LFC) Rating Increased to Buy at HSBC

HSBC upgraded shares of China Life Insurance (NYSE:LFC) from a hold rating to a buy rating in a report published on Wednesday morning.

Several other research firms have also weighed in on LFC. Zacks Investment Research lowered China Life Insurance from a buy rating to a hold rating in a research report on Wednesday, January 24th. UBS raised China Life Insurance from a neutral rating to a buy rating in a research report on Tuesday, December 5th. Credit Suisse Group lowered China Life Insurance from a neutral rating to an underperform rating in a research report on Thursday, January 4th. Deutsche Bank lowered China Life Insurance from a buy rating to a hold rating in a research report on Thursday, January 4th. Finally, Goldman Sachs lowered China Life Insurance from a buy rating to a neutral rating in a research report on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $16.00.

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NYSE:LFC opened at $13.55 on Wednesday. The company has a market cap of $76,597.35, a price-to-earnings ratio of 16.33, a P/E/G ratio of 0.47 and a beta of 1.58. China Life Insurance has a twelve month low of $13.48 and a twelve month high of $17.85. The company has a current ratio of 6.39, a quick ratio of 11.01 and a debt-to-equity ratio of 0.06.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC boosted its stake in shares of China Life Insurance by 234.4% during the 4th quarter. Jane Street Group LLC now owns 47,522 shares of the financial services provider’s stock worth $742,000 after acquiring an additional 33,313 shares during the period. OLD Mission Capital LLC bought a new position in shares of China Life Insurance during the 4th quarter worth approximately $3,012,000. Bain Capital Public Equity Management LLC bought a new position in shares of China Life Insurance during the 4th quarter worth approximately $11,203,000. Two Sigma Investments LP boosted its stake in shares of China Life Insurance by 48.7% during the 4th quarter. Two Sigma Investments LP now owns 352,519 shares of the financial services provider’s stock worth $5,503,000 after acquiring an additional 115,423 shares during the period. Finally, Mackenzie Financial Corp bought a new position in shares of China Life Insurance during the 4th quarter worth approximately $223,000. Institutional investors own 0.40% of the company’s stock.

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China Life Insurance 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.

Analyst Recommendations for China Life Insurance (NYSE:LFC)

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