Athos Capital Ltd Buys New Stake in China Life Insurance Company Limited (LFC)

Athos Capital Ltd bought a new stake in China Life Insurance Company Limited (NYSE:LFC) during the second quarter, Holdings Channel reports. The fund bought 120,000 shares of the financial services provider’s stock, valued at approximately $1,841,000. China Life Insurance Company Limited makes up about 1.1% of Athos Capital Ltd’s holdings, making the stock its 21st largest position.

Other hedge funds have also recently bought and sold shares of the company. Trexquant Investment LP purchased a new stake in China Life Insurance Company Limited during the first quarter valued at about $166,000. Greenleaf Trust purchased a new stake in China Life Insurance Company Limited during the first quarter valued at about $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 valued at $196,000 after buying an additional 5,100 shares in the last quarter. Paloma Partners Management Co purchased a new stake in China Life Insurance Company Limited during the first quarter valued at about $266,000. Finally, KCG Holdings Inc. boosted its stake in 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 valued at $275,000 after buying an additional 808 shares in the last quarter. Institutional investors and hedge funds own 0.23% of the company’s stock.

Shares of China Life Insurance Company Limited (LFC) opened at 15.91 on Thursday. The stock has a market capitalization of $93.17 billion, a PE ratio of 30.89 and a beta of 1.37. China Life Insurance Company Limited has a 1-year low of $11.68 and a 1-year high of $16.61. The firm has a 50-day moving average of $15.90 and a 200 day moving average of $15.46.

The business also recently announced a None dividend, which will be paid on Friday, August 11th. Stockholders of record on Thursday, June 15th will be issued a $0.137 dividend. The ex-dividend date is Tuesday, June 13th. China Life Insurance Company Limited’s dividend payout ratio (DPR) is presently 27.45%.

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LFC has been the topic of several recent analyst reports. BidaskClub upgraded shares of China Life Insurance Company Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research cut shares of China Life Insurance Company Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Finally, Bank of America Corporation cut shares of China Life Insurance Company Limited from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.00.

About China Life Insurance Company Limited

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.

Want to see what other hedge funds are holding LFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for China Life Insurance Company Limited (NYSE:LFC).

Institutional Ownership by Quarter for China Life Insurance Company Limited (NYSE:LFC)

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