Shares of China Life Insurance Company Limited (NYSE:LFC – Get Rating) gapped up prior to trading on Wednesday . The stock had previously closed at $7.65, but opened at $7.97. China Life Insurance shares last traded at $8.07, with a volume of 7,361 shares changing hands.
Separately, StockNews.com upgraded shares of China Life Insurance from a “hold” rating to a “buy” rating in a report on Thursday, May 12th.
The company’s fifty day simple moving average is $7.44 and its two-hundred day simple moving average is $8.06. The company has a quick ratio of 8.91, a current ratio of 8.91 and a debt-to-equity ratio of 0.11.
China Life Insurance (NYSE:LFC – Get Rating) last posted its earnings results on Wednesday, April 27th. The financial services provider reported $0.43 earnings per share for the quarter. China Life Insurance had a net margin of 6.41% and a return on equity of 11.13%. The company had revenue of $55.22 billion for the quarter. Sell-side analysts anticipate that China Life Insurance Company Limited will post 1.23 EPS for the current year.
Several large investors have recently modified their holdings of the stock. Invesco Ltd. raised its holdings in shares of China Life Insurance by 3.7% during the fourth quarter. Invesco Ltd. now owns 30,592 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 1,084 shares during the period. Jane Street Group LLC grew its position in China Life Insurance by 10.7% in the third quarter. Jane Street Group LLC now owns 13,133 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 1,273 shares in the last quarter. Advisor Group Holdings Inc. grew its position in China Life Insurance by 18.3% in the first quarter. Advisor Group Holdings Inc. now owns 9,190 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,420 shares in the last quarter. PNC Financial Services Group Inc. grew its position in China Life Insurance by 22.5% in the first quarter. PNC Financial Services Group Inc. now owns 8,011 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 1,472 shares in the last quarter. Finally, Fieldpoint Private Securities LLC grew its position in China Life Insurance by 16.0% in the first quarter. Fieldpoint Private Securities LLC now owns 11,160 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 1,540 shares in the last quarter. Institutional investors and hedge funds own 8.09% of the company’s stock.
China Life Insurance Company Profile (NYSE:LFC)
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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Source: defenseworld.net
