China Life Insurance (NYSE:LFC) upgraded to “Buy” on StockNews.com

0

Life insurance in China (NYSE: LFCGet a rating) has been updated by StockNews.com from a “hold” rating to a “buy” rating in a research note released Thursday to investors.

Separately, Zacks Investment Research upgraded China Life Insurance shares from a “strong sell” rating to a “hold” rating in a Wednesday, March 16 research note.

Shares of LFC opened at $7.19 on Thursday. The company’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 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 changed their positions in the company. D Orazio & Associates Inc. acquired a new position in China Life Insurance stock in the third quarter worth approximately $25,000. PNC Financial Services Group Inc. increased its holdings of China Life Insurance shares by 22.5% in the first quarter. PNC Financial Services Group Inc. now owns 8,011 shares of the financial services provider worth $61,000 after purchasing an additional 1,472 shares during the period. Advisor Group Holdings Inc. increased its holdings of China Life Insurance shares by 18.3% in the first quarter. Advisor Group Holdings Inc. now owns 9,190 shares of the financial services provider worth $70,000 after purchasing an additional 1,420 shares during the period. Fox Run Management LLC acquired a new stake in shares of China Life Insurance during the first quarter worth approximately $76,000. Finally, Fieldpoint Private Securities LLC increased its holdings of China Life Insurance shares by 8,265.2% during the fourth quarter. Fieldpoint Private Securities LLC now owns 9,620 shares of the financial services provider worth $79,000 after purchasing an additional 9,505 shares during the period. Institutional investors hold 8.09% of the company’s shares.

About Life Insurance in China (Get a 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 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.

See also



Get news and reviews for China Life Insurance Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for China Life Insurance and related companies with MarketBeat.com’s free daily email newsletter.

Share.

Comments are closed.