StockNews.com downgraded shares of China Life Insurance (NYSE:LFC – Get Rating) from a buy rating to a hold rating in a report issued on Thursday morning.
Shares of LFC opened at $7.87 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 8.91 and a current ratio of 8.91. The firm’s 50-day moving average is $7.45 and its two-hundred day moving average is $8.06. China Life Insurance has a twelve month low of $6.93 and a twelve month high of $10.22.
China Life Insurance (NYSE:LFC – Get Rating) last issued 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. On average, sell-side analysts predict that China Life Insurance will post 1.23 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its position in China Life Insurance by 22.5% during the first quarter. PNC Financial Services Group Inc. now owns 8,011 shares of the financial services provider’s stock worth $61,000 after buying an additional 1,472 shares during the period. Advisor Group Holdings Inc. grew its position in shares of 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 during the last quarter. Fieldpoint Private Securities LLC grew its position in shares of China Life Insurance by 8,265.2% in the fourth quarter. Fieldpoint Private Securities LLC now owns 9,620 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 9,505 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of China Life Insurance in the first quarter valued at approximately $76,000. Finally, Evergreen Capital Management LLC acquired a new stake in shares of China Life Insurance in the first quarter valued at approximately $87,000. Institutional investors own 8.09% of the company’s stock.
About China Life Insurance (Get 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 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
