Separately, Zacks Investment Research raised shares of China Life Insurance from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 16th.
Shares of LFC opened at $7.19 on Thursday. The firm’s 50 day moving average is $7.53 and its 200-day moving average is $8.25. The stock has a market capitalization of $40.64 billion, a P/E ratio of 5.03, a P/E/G ratio of 0.66 and a beta of 0.87. The company has a debt-to-equity ratio of 0.11, a current ratio of 8.91 and a quick ratio of 8.91. China Life Insurance has a 12-month low of $6.93 and a 12-month high of $10.79.
Institutional investors and hedge funds have recently made changes to their positions in the business. D Orazio & Associates Inc. acquired a new position in shares of China Life Insurance in the third quarter worth about $25,000. PNC Financial Services Group Inc. boosted its holdings in shares of China Life Insurance by 22.5% during the first quarter. PNC Financial Services Group Inc. now owns 8,011 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 1,472 shares during the period. Advisor Group Holdings Inc. boosted its holdings in shares of China Life Insurance by 18.3% during the first quarter. Advisor Group Holdings Inc. now owns 9,190 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,420 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of China Life Insurance during the first quarter worth approximately $76,000. Finally, Fieldpoint Private Securities LLC boosted its holdings in shares of China Life Insurance by 8,265.2% during the fourth quarter. Fieldpoint Private Securities LLC now owns 9,620 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 9,505 shares during the period. Institutional investors 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.
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