Analysts Set China Life Insurance Co Ltd (LFC) PT at $12.93

Shares of China Life Insurance Co Ltd (NYSE:LFC) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $13.85.

A number of research analysts have commented on the company. Zacks Investment Research lowered China Life Insurance from a “buy” rating to a “hold” rating in a research report on Wednesday. Nomura lowered China Life Insurance from a “buy” rating to a “neutral” rating in a research report on Friday, October 5th. UBS Group lowered China Life Insurance from a “buy” rating to a “neutral” rating in a research report on Monday, November 26th. Deutsche Bank raised China Life Insurance to a “buy” rating in a research report on Tuesday, November 20th. They noted that the move was a valuation call. Finally, Goldman Sachs Group raised China Life Insurance from a “sell” rating to a “neutral” rating in a research report on Tuesday, December 18th.

Shares of NYSE LFC traded up $0.01 during midday trading on Friday, reaching $11.76. The company had a trading volume of 41,766 shares, compared to its average volume of 650,619. China Life Insurance has a one year low of $9.85 and a one year high of $17.32. The company has a current ratio of 9.10, a quick ratio of 9.10 and a debt-to-equity ratio of 0.06. The firm has a market cap of $63.20 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.54 and a beta of 1.31.

China Life Insurance (NYSE:LFC) last released its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.30). The business had revenue of $19.76 billion for the quarter. China Life Insurance had a net margin of 4.03% and a return on equity of 7.73%. As a group, equities research analysts forecast that China Life Insurance will post 0.61 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of LFC. Renaissance Technologies LLC grew its holdings in shares of China Life Insurance by 2,776.1% during the 3rd quarter. Renaissance Technologies LLC now owns 500,435 shares of the financial services provider’s stock worth $5,700,000 after acquiring an additional 483,035 shares during the period. Morgan Stanley grew its holdings in shares of China Life Insurance by 82.4% during the 3rd quarter. Morgan Stanley now owns 729,708 shares of the financial services provider’s stock worth $8,311,000 after acquiring an additional 329,588 shares during the period. Jane Street Group LLC purchased a new position in shares of China Life Insurance during the 3rd quarter worth approximately $2,909,000. Northern Trust Corp grew its holdings in shares of China Life Insurance by 7.4% during the 2nd quarter. Northern Trust Corp now owns 1,736,434 shares of the financial services provider’s stock worth $22,190,000 after acquiring an additional 119,046 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of China Life Insurance by 1,044.3% during the 3rd quarter. Wells Fargo & Company MN now owns 124,567 shares of the financial services provider’s stock worth $1,420,000 after acquiring an additional 113,681 shares during the period.

China Life Insurance Company Profile

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 Business. It offers individual and group life, annuity, accident, and health insurance products, as well as provides pension products.

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Analyst Recommendations for China Life Insurance (NYSE:LFC)

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