China Life Insurance Company Limited (NYSE:LFC) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of China Life Insurance Company Limited (NYSE:LFC) from a sell rating to a hold rating in a report issued on Wednesday morning.

LFC has been the subject of a number of other research reports. Zacks Investment Research lowered shares of China Life Insurance Company Limited from a buy rating to a hold rating in a research report on Tuesday, May 23rd. Citigroup Inc. raised shares of China Life Insurance Company Limited from a sell rating to a neutral rating in a research report on Friday, March 24th. Finally, Bank of America Corporation lowered shares of China Life Insurance Company Limited from a buy rating to a neutral rating in a research report on Tuesday, April 25th. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. China Life Insurance Company Limited currently has a consensus rating of Hold and a consensus price target of $18.00.

China Life Insurance Company Limited (NYSE LFC) traded up 1.79% during trading on Wednesday, reaching $16.50. The company had a trading volume of 447,333 shares. The firm has a 50-day moving average price of $15.88 and a 200 day moving average price of $14.94. The stock has a market cap of $96.63 billion, a P/E ratio of 32.35 and a beta of 1.37. China Life Insurance Company Limited has a 12-month low of $11.10 and a 12-month high of $16.58.

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The business also recently disclosed a dividend, which will be paid on Friday, August 11th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.137 per share. The ex-dividend date of this dividend is Tuesday, June 13th. China Life Insurance Company Limited’s dividend payout ratio is currently 27.45%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Trexquant Investment LP bought a new position in shares of China Life Insurance Company Limited during the first quarter worth approximately $166,000. Greenleaf Trust acquired a new stake in China Life Insurance Company Limited during the first quarter worth $190,000. Sit Investment Associates Inc. boosted its stake in China Life Insurance Company Limited by 66.2% in the first quarter. Sit Investment Associates Inc. now owns 12,800 shares of the financial services provider’s stock worth $196,000 after buying an additional 5,100 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in China Life Insurance Company Limited during the fourth quarter worth $240,000. Finally, Paloma Partners Management Co acquired a new stake in China Life Insurance Company Limited during the first quarter worth $266,000. 0.23% of the stock is owned by institutional investors and hedge funds.

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 four segments: life insurance, health insurance, accident insurance and other.

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

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