China Life Insurance (NYSE:LFC) Now Covered by Sanford C. Bernstein

Analysts at Sanford C. Bernstein started coverage on shares of China Life Insurance (NYSE:LFCGet Rating) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set a “market perform” rating on the financial services provider’s stock.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. upgraded China Life Insurance from a “neutral” rating to an “overweight” rating in a report on Friday, August 5th. StockNews.com upgraded China Life Insurance from a “hold” rating to a “buy” rating in a report on Thursday, September 8th.

China Life Insurance Price Performance

The firm’s 50 day moving average price is $7.52 and its 200-day moving average price is $7.65. China Life Insurance has a twelve month low of $6.93 and a twelve month high of $9.69. The stock has a market cap of $39.85 billion, a PE ratio of 5.03, a price-to-earnings-growth ratio of 0.69 and a beta of 0.64. The company has a quick ratio of 8.91, a current ratio of 7.39 and a debt-to-equity ratio of 0.11.

Institutional Investors Weigh In On China Life Insurance

A number of hedge funds have recently bought and sold shares of LFC. Crossmark Global Holdings Inc. raised its position in China Life Insurance by 1,190.3% in the 1st quarter. Crossmark Global Holdings Inc. now owns 1,199,151 shares of the financial services provider’s stock valued at $9,102,000 after purchasing an additional 1,106,213 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of China Life Insurance during the 2nd quarter worth about $4,486,000. OLD Mission Capital LLC acquired a new stake in shares of China Life Insurance during the 2nd quarter worth about $2,646,000. LMR Partners LLP raised its position in shares of China Life Insurance by 668.2% during the 4th quarter. LMR Partners LLP now owns 330,322 shares of the financial services provider’s stock worth $2,737,000 after acquiring an additional 287,321 shares in the last quarter. Finally, Eqis Capital Management Inc. acquired a new stake in shares of China Life Insurance during the 2nd quarter worth about $1,485,000.

China Life Insurance Company Profile

(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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