The China Life Insurance Co. (LFC) Given Average Rating of “Hold” by Brokerages

The China Life Insurance Co. (LFC) Given Average Rating of “Hold” by Brokerages

Shares of China Life Insurance Co. (NYSE:LFC) have been assigned an average recommendation of “Hold” from the five research firms that are presently covering the stock. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a strong buy recommendation to the company.

Several analysts have weighed in on LFC shares. Goldman Sachs Group Inc. raised China Life Insurance from a “buy” rating to a “conviction-buy” rating in a research note on Wednesday, November 23rd. Morgan Stanley downgraded China Life Insurance from an “overweight” rating to an “equal weight” rating in a research note on Thursday, September 29th. Zacks Investment Research raised China Life Insurance from a “sell” rating to a “hold” rating in a research note on Wednesday, September 28th. Finally, HSBC raised China Life Insurance from a “reduce” rating to a “hold” rating in a research note on Tuesday, September 27th.

Hedge funds have recently bought and sold shares of the company. First New York Securities LLC NY bought a new stake in shares of China Life Insurance during the third quarter worth about $111,000. NEXT Financial Group Inc bought a new stake in shares of China Life Insurance during the third quarter worth about $131,000. Bellecapital International Ltd. bought a new stake in shares of China Life Insurance during the second quarter worth about $132,000. Paloma Partners Management Co bought a new stake in shares of China Life Insurance during the second quarter worth about $138,000. Finally, Rehmann Capital Advisory Group bought a new stake in shares of China Life Insurance during the third quarter worth about $141,000. 0.29% of the stock is currently owned by institutional investors.

Shares of China Life Insurance (NYSE:LFC) opened at 14.63 on Wednesday. The firm 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. The firm has a market capitalization of $83.34 billion, a price-to-earnings ratio of 40.64 and a beta of 1.34.

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