China Life Insurance (NYSE:LFC – Get Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.
NYSE LFC opened at $8.70 on Friday. The company has a current ratio of 8.91, a quick ratio of 8.91 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average price of $7.62 and a 200 day moving average price of $8.06. China Life Insurance has a 52 week low of $6.93 and a 52 week high of $10.00.
China Life Insurance (NYSE:LFC – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $0.43 EPS for the quarter. China Life Insurance had a net margin of 6.41% and a return on equity of 11.13%. The firm had revenue of $55.22 billion during the quarter. As a group, equities analysts forecast that China Life Insurance will post 1.23 EPS for the current year.
A number of institutional investors have recently modified their holdings of LFC. PNC Financial Services Group Inc. increased its stake in 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 valued at $61,000 after purchasing an additional 1,472 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in China Life Insurance by 18.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 9,190 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,420 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in China Life Insurance during the 1st quarter valued at approximately $76,000. Fieldpoint Private Securities LLC boosted its holdings in shares of China Life Insurance by 8,265.2% in the 4th quarter. Fieldpoint Private Securities LLC now owns 9,620 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 9,505 shares during the last quarter. Finally, Evergreen Capital Management LLC purchased a new stake in shares of China Life Insurance in the 1st quarter valued at $87,000. Institutional investors and hedge funds own 8.09% of the company’s stock.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to email@example.com.
Before you consider China Life Insurance, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and China Life Insurance wasn’t on the list.
While China Life Insurance currently has a “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.