China Life Insurance (NYSE:LFC) Updated Stock Rating from JPMorgan Chase & Co.

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Life insurance in China (NYSE: LFCGet a rating) was updated by stock researchers from JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note delivered Friday to investors, Fly reports.

Separately, StockNews.com upgraded China Life Insurance shares from a “hold” to a “buy” rating in a Tuesday, July 12 research report.

Life insurance in China grew by 1.1%

CFL Stock opened at $7.36 on Friday. The company’s 50-day moving average price is $7.84 and its two-hundred-day moving average price is $7.92. China Life Insurance has a 12-month low of $6.93 and a 12-month high of $9.69. The company has a debt ratio of 0.11, a quick ratio of 8.91 and a current ratio of 8.91.

Hedge funds weigh on life insurance in China

Several hedge funds and other institutional investors have recently changed their holdings in LFC. Yousif Capital Management LLC bought a new stock position in China Life Insurance during the fourth quarter, valued at around $190,000. Quadrant Capital Group LLC increased its position in China Life Insurance shares by 18.7% during the fourth quarter. Quadrant Capital Group LLC now owns 14,074 shares of the financial services provider valued at $116,000 after purchasing an additional 2,214 shares during the period. Envestnet Asset Management Inc. increased its position in China Life Insurance shares by 114.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 58,866 shares of the financial services provider valued at $484,000 after purchasing an additional 31,402 shares during the period. West Family Investments Inc. increased its position in China Life Insurance shares by 368.0% during the fourth quarter. West Family Investments Inc. now owns 58,582 shares of the financial services provider valued at $482,000 after purchasing an additional 46,064 shares during the period. Finally, American Century Companies Inc. increased its position in China Life Insurance shares by 37.1% during the fourth quarter. American Century Companies Inc. now owns 207,406 shares of the financial services provider valued at $1,707,000 after purchasing an additional 56,088 shares during the period. Hedge funds and other institutional investors own 8.09% of the company’s shares.

About Life Insurance in China

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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 through four segments: life insurance business, health insurance business, accident insurance business and other business. It offers critical illness insurance, annuity, children’s/women’s/retirement insurance, security, life insurance, medical insurance and accident insurance.

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