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China Life Insurance Company Limited (NYSE:LFC – Get Rating) – Equities researchers at Jefferies Financial Group raised their FY2022 earnings per share estimates for China Life Insurance in a note issued to investors on Wednesday, June 29th. Jefferies Financial Group analyst S. Chen now anticipates that the financial services provider will earn $1.37 per share for the year, up from their previous forecast of $1.34. The consensus estimate for China Life Insurance’s current full-year earnings is $1.23 per share. Jefferies Financial Group also issued estimates for China Life Insurance’s FY2023 earnings at $1.77 EPS.
Separately, StockNews.com downgraded China Life Insurance from a “buy” rating to a “hold” rating in a report on Saturday, June 25th.
LFC stock opened at $8.70 on Thursday. The company has a current ratio of 8.91, a quick ratio of 8.91 and a debt-to-equity ratio of 0.11. China Life Insurance has a 1 year low of $6.93 and a 1 year high of $10.00. The stock has a 50-day simple moving average of $7.62 and a 200-day simple moving average of $8.06.
China Life Insurance (NYSE:LFC – Get Rating) last released its earnings results on Wednesday, April 27th. The financial services provider reported $0.43 EPS for the quarter. The firm had revenue of $55.22 billion during the quarter. China Life Insurance had a return on equity of 11.13% and a net margin of 6.41%.
A number of institutional investors and hedge funds have recently bought and sold shares of LFC. PNC Financial Services Group Inc. boosted its stake in shares of China Life Insurance by 22.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,011 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 1,472 shares in the last quarter. Advisor Group Holdings Inc. boosted its position in shares of China Life Insurance by 18.3% in the first quarter. Advisor Group Holdings Inc. now owns 9,190 shares of the financial services provider’s stock worth $70,000 after buying an additional 1,420 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of China Life Insurance in the first quarter worth $76,000. Fieldpoint Private Securities LLC boosted its position in shares of China Life Insurance by 8,265.2% in the fourth quarter. Fieldpoint Private Securities LLC now owns 9,620 shares of the financial services provider’s stock worth $79,000 after buying an additional 9,505 shares during the period. Finally, Evergreen Capital Management LLC acquired a new stake in China Life Insurance during the first quarter valued at $87,000. Hedge funds and other institutional investors own 8.09% of the company’s stock.
The business also recently declared an annual dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, July 7th will be given a dividend of $0.4847 per share. This represents a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, July 6th.
About China Life Insurance (Get Rating)
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 Businesses. It offers critical illness protection, annuity, children/women/pension, security, life, medical, and accident protection insurance products.
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