China Life Insurance Company Limited (NYSE:LFC) Cut to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of China Life Insurance Company Limited (NYSE:LFC) from a buy rating to a hold rating in a research note issued to investors on Thursday, September 7th.

According to Zacks, “Year to date, China Life’s shares have outperformed the industry. The company’s robust market position and organic growth initiatives are encouraging. Its operational efficiency is also reflected by its product upgrades and premium growth over the last many quarters. Its solid investment management also continues to impress. The company has the most extensive distribution and service network among all insurance companies operating in China. The stock has seen the Zacks Consensus Estimate for 2017 and 2018 earnings being revised upward over the last 30 days. However, it suffers from rising expenses that have been pushing the bottom line down over last few quarters. Its severe exposure to market risk also bothers.”

Several other research analysts have also issued reports on LFC. BidaskClub lowered China Life Insurance Company Limited from a hold rating to a sell rating in a research report on Friday, June 16th. Goldman Sachs Group, Inc. (The) lowered China Life Insurance Company Limited from a conviction-buy rating to a buy rating in a research report on Wednesday, August 16th. Sanford C. Bernstein lowered China Life Insurance Company Limited from an outperform rating to a market perform rating in a research report on Thursday, August 17th. Credit Suisse Group raised China Life Insurance Company Limited from an underperform rating to a neutral rating in a research report on Friday, August 25th. Finally, Bank of America Corporation raised China Life Insurance Company Limited from a neutral rating to a buy rating in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $18.00.

China Life Insurance Company Limited (NYSE:LFC) traded up 0.72% during midday trading on Thursday, reaching $15.43. 775,948 shares of the company’s stock were exchanged. China Life Insurance Company Limited has a 12 month low of $12.16 and a 12 month high of $16.61. The company has a 50 day moving average price of $15.68 and a 200 day moving average price of $15.60. The company has a market cap of $87.23 billion, a P/E ratio of 28.05 and a beta of 1.38.

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Hedge funds have recently bought and sold shares of the stock. Trexquant Investment LP bought a new position in China Life Insurance Company Limited during the 1st quarter valued at approximately $166,000. Archford Capital Strategies LLC increased its holdings in shares of China Life Insurance Company Limited by 2,288.1% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,003 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 961 shares in the last quarter. Sciencast Management LP bought a new stake in shares of China Life Insurance Company Limited in the 2nd quarter worth $179,000. Sit Investment Associates Inc. increased its holdings in shares of China Life Insurance Company Limited by 7.6% in the 2nd quarter. Sit Investment Associates Inc. now owns 13,775 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 975 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in shares of China Life Insurance Company Limited in the 1st quarter worth $266,000. 0.23% of the stock is owned by institutional investors.

China Life Insurance Company Limited Company Profile

China Life Insurance Company Limited is a life insurance company. The Company provides a range of insurance products, including individual and group life insurance, health insurance and accident insurance products. It operates through three segments: Life Insurance, Health Insurance, and Accident Insurance.

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Analyst Recommendations for China Life Insurance Company Limited (NYSE:LFC)

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