China Life Insurance Co Ltd (LFC) Receives $12.93 Consensus Price Target from Brokerages

Shares of China Life Insurance Co Ltd (NYSE:LFC) have earned an average rating of “Hold” from the eleven analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $13.85.

A number of brokerages have recently issued reports on LFC. ValuEngine raised China Life Insurance from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Investment Research downgraded China Life Insurance from a “hold” rating to a “sell” rating in a report on Thursday, December 13th. Sanford C. Bernstein downgraded China Life Insurance from an “outperform” rating to a “market perform” rating in a report on Monday, October 29th. Deutsche Bank raised China Life Insurance to a “buy” rating in a report on Tuesday, November 20th. They noted that the move was a valuation call. Finally, UBS Group downgraded China Life Insurance from a “buy” rating to a “neutral” rating in a report on Monday, November 26th.

China Life Insurance stock traded up $0.40 during mid-day trading on Friday, hitting $12.19. The company had a trading volume of 782,407 shares, compared to its average volume of 650,134. The company has a current ratio of 9.10, a quick ratio of 9.10 and a debt-to-equity ratio of 0.06. China Life Insurance has a 12 month low of $9.85 and a 12 month high of $17.32. The company has a market capitalization of $66.65 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 0.57 and a beta of 1.31.

China Life Insurance (NYSE:LFC) last announced its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.09 earnings per share (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%. On average, equities research analysts predict that China Life Insurance will post 0.61 EPS for the current year.

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its position in China Life Insurance by 274.7% during the second quarter. Tower Research Capital LLC TRC now owns 7,884 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 5,780 shares during the last quarter. Quadrant Capital Group LLC increased its position in China Life Insurance by 1,384.6% during the fourth quarter. Quadrant Capital Group LLC now owns 11,654 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 10,869 shares during the last quarter. Greenleaf Trust purchased a new stake in China Life Insurance during the third quarter valued at $203,000. SG Americas Securities LLC increased its position in China Life Insurance by 127.2% during the third quarter. SG Americas Securities LLC now owns 19,825 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 11,100 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in China Life Insurance by 191.2% during the third quarter. Citadel Advisors LLC now owns 41,133 shares of the financial services provider’s stock valued at $469,000 after acquiring an additional 27,007 shares during the last quarter.

About China Life Insurance

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.

See Also: Initial Public Offering (IPO)

Analyst Recommendations for China Life Insurance (NYSE:LFC)

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