China Life Insurance Co Ltd (LFC) Receives Average Rating of “Hold” from Brokerages

Shares of China Life Insurance Co Ltd (NYSE:LFC) have received an average rating of “Hold” from the twelve brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $13.85.

A number of equities analysts have weighed in on LFC shares. Sanford C. Bernstein downgraded shares of China Life Insurance from an “outperform” rating to a “market perform” rating in a research note on Monday, October 29th. HSBC downgraded shares of China Life Insurance from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. Bank of America raised shares of China Life Insurance from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 22nd. Deutsche Bank raised shares of China Life Insurance to a “buy” rating in a research note on Tuesday, November 20th. They noted that the move was a valuation call. Finally, 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.

LFC stock traded down $0.03 during trading on Wednesday, hitting $12.16. 6,923 shares of the stock traded hands, compared to its average volume of 640,063. China Life Insurance has a one year low of $9.85 and a one year high of $15.29. The company has a market capitalization of $68.91 billion, a P/E ratio of 13.08 and a beta of 1.35. The company has a quick ratio of 9.10, a current ratio of 9.10 and a debt-to-equity ratio of 0.06.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its holdings in China Life Insurance by 65.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,598 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 2,210 shares during the period. Lindbrook Capital LLC acquired a new position in China Life Insurance during the fourth quarter valued at approximately $35,000. Henry James International Management Inc. acquired a new position in China Life Insurance during the fourth quarter valued at approximately $885,000. Wetherby Asset Management Inc. grew its holdings in China Life Insurance by 51.3% during the fourth quarter. Wetherby Asset Management Inc. now owns 31,825 shares of the financial services provider’s stock valued at $334,000 after purchasing an additional 10,784 shares during the period. Finally, Atlas Capital Advisors LLC grew its holdings in China Life Insurance by 76.1% during the fourth quarter. Atlas Capital Advisors LLC now owns 4,446 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 1,921 shares during the period. Hedge funds and other institutional investors own 0.34% of the company’s stock.

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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Analyst Recommendations for China Life Insurance (NYSE:LFC)

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