Todays Report: Today, China Life Insurance Co. (LFC) Given Average Rating of “Hold” by Analysts

Today, China Life Insurance Co. (LFC) Given Average Rating of “Hold” by Analysts

China Life Insurance Co. (NYSE:LFC) has earned a consensus recommendation of “Hold” from the five ratings firms that are covering the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating on the company.

A number of research analysts recently commented on the company. Zacks Investment Research raised China Life Insurance from a “sell” rating to a “hold” rating in a research note on Friday, November 11th. Morgan Stanley cut China Life Insurance from an “overweight” rating to an “equal weight” rating in a research note on Thursday, September 29th. Goldman Sachs Group Inc. raised China Life Insurance from a “buy” rating to a “conviction-buy” rating in a research note on Wednesday. Finally, HSBC raised China Life Insurance from a “reduce” rating to a “hold” rating in a research note on Tuesday, September 27th.

China Life Insurance (NYSE:LFC) opened at 14.63 on Wednesday. The firm has a market capitalization of $83.34 billion, a P/E ratio of 40.08 and a beta of 1.34. The stock has a 50 day moving average price of $12.95 and a 200-day moving average price of $11.97. China Life Insurance has a 52 week low of $10.07 and a 52 week high of $17.50.

Several hedge funds and other institutional investors have recently made changes to their positions in LFC. Thomas White International Ltd. boosted its position in shares of China Life Insurance by 109.1% in the second quarter. Thomas White International Ltd. now owns 85,376 shares of the company’s stock worth $919,000 after buying an additional 44,537 shares during the period. Advisors Asset Management Inc. boosted its position in shares of China Life Insurance by 2.8% in the second quarter. Advisors Asset Management Inc. now owns 15,500 shares of the company’s stock worth $167,000 after buying an additional 426 shares during the period. Ameriprise Financial Inc. boosted its position in shares of China Life Insurance by 51.9% in the second quarter. Ameriprise Financial Inc. now owns 25,546 shares of the company’s stock worth $281,000 after buying an additional 8,730 shares during the period. First Trust Advisors LP boosted its position in shares of China Life Insurance by 35.2% in the second quarter. First Trust Advisors LP now owns 105,157 shares of the company’s stock worth $1,131,000 after buying an additional 27,356 shares during the period. Finally, World Asset Management Inc boosted its position in shares of China Life Insurance by 8.3% in the second quarter. World Asset Management Inc now owns 92,112 shares of the company’s stock worth $991,000 after buying an additional 7,068 shares during the period. 0.29% of the stock is currently owned by hedge funds and other institutional investors.

Related posts

Leave a Comment