China Life Insurance Company Limited (NYSE:LFC – Get Rating) – Equities researchers at Jefferies Financial Group decreased their FY2022 earnings estimates for shares of China Life Insurance in a research report issued to clients and investors on Wednesday, August 31st. Jefferies Financial Group analyst S. Chen now anticipates that the financial services provider will earn $1.24 per share for the year, down from their previous forecast of $1.29. The consensus estimate for China Life Insurance’s current full-year earnings is $1.17 per share. Jefferies Financial Group also issued estimates for China Life Insurance’s FY2023 earnings at $1.49 EPS.
A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. raised China Life Insurance from a “neutral” rating to an “overweight” rating in a research report on Friday, August 5th. StockNews.com raised China Life Insurance from a “hold” rating to a “buy” rating in a report on Monday.
China Life Insurance Stock Performance
NYSE:LFC opened at $7.05 on Friday. The firm’s 50-day moving average is $7.61 and its 200-day moving average is $7.70. The company has a market cap of $39.85 billion, a price-to-earnings ratio of 5.03, a PEG ratio of 0.69 and a beta of 0.64. The company has a debt-to-equity ratio of 0.11, a quick ratio of 8.91 and a current ratio of 7.39. China Life Insurance has a 52-week low of $6.93 and a 52-week high of $9.69.
China Life Insurance Cuts Dividend
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The firm also recently disclosed an annual dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, July 7th were issued a dividend of $0.4847 per share. This represents a dividend yield of 4.9%. The ex-dividend date of this dividend was Wednesday, July 6th.
Institutional Trading of China Life Insurance
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lindbrook Capital LLC lifted its stake in China Life Insurance by 1,072.0% during the second quarter. Lindbrook Capital LLC now owns 7,841 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 7,172 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of China Life Insurance by 22.5% during the 1st 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. boosted its stake 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. Fox Run Management L.L.C. bought a new stake in China Life Insurance in the first quarter valued at $76,000. 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 acquiring an additional 1,540 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 Businesses. It offers critical illness protection, annuity, children/women/pension, security, life, medical, and accident protection insurance products.
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