China Life Insurance (NYSE:LFC – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday.
LFC stock opened at $8.54 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 8.91 and a quick ratio of 8.91. The business has a 50-day moving average price of $7.52 and a 200 day moving average price of $8.05. The company has a market capitalization of $48.28 billion, a P/E ratio of 5.91, a PEG ratio of 0.77 and a beta of 0.87. China Life Insurance has a 1-year low of $6.93 and a 1-year high of $10.22.
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 (EPS) for the quarter. China Life Insurance had a return on equity of 11.13% and a net margin of 6.41%. The company had revenue of $55.22 billion for the quarter. On average, analysts anticipate that China Life Insurance will post 1.23 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings 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 acquiring an additional 1,472 shares during the period. Advisor Group Holdings Inc. grew its holdings in China Life Insurance by 18.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,190 shares of the financial services provider’s stock valued at $70,000 after buying an additional 1,420 shares in the last quarter. Fieldpoint Private Securities LLC grew its holdings in shares of China Life Insurance by 8,265.2% during the 4th quarter. Fieldpoint Private Securities LLC now owns 9,620 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 9,505 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of China Life Insurance during the 1st quarter worth $76,000. Finally, Evergreen Capital Management LLC acquired a new position in China Life Insurance during the 1st quarter worth about $87,000. Institutional investors and hedge funds 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