China Life Insurance (NYSE:LFC) Receives New Coverage from Analysts at Sanford C. Bernstein

Sanford C. Bernstein started coverage on shares of China Life Insurance (NYSE:LFCGet Rating) in a research report report published on Thursday morning, The Fly reports. The brokerage issued a market perform rating on the financial services provider’s stock.

Several other research firms also recently weighed in on LFC. JPMorgan Chase & Co. raised shares of China Life Insurance from a neutral rating to an overweight rating in a research report on Friday, August 5th. StockNews.com raised shares of China Life Insurance from a hold rating to a buy rating in a research report on Thursday, September 8th.

China Life Insurance Stock Performance

The business has a fifty day moving average of $7.52 and a 200-day moving average of $7.65. The company has a market cap of $39.85 billion, a P/E ratio of 5.03, a P/E/G ratio of 0.69 and a beta of 0.64. China Life Insurance has a 1 year low of $6.93 and a 1 year high of $9.69. The company has a debt-to-equity ratio of 0.11, a current ratio of 7.39 and a quick ratio of 8.91.

China Life Insurance Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, July 7th were given 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 Investors Weigh In On China Life Insurance

Institutional investors have recently modified their holdings of the business. Lindbrook Capital LLC boosted its stake in China Life Insurance by 1,072.0% during the 2nd quarter. Lindbrook Capital LLC now owns 7,841 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 7,172 shares during the period. PNC Financial Services Group Inc. lifted its stake 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 valued at $61,000 after purchasing an additional 1,472 shares during the last quarter. Advisor Group Holdings Inc. lifted its stake in China Life Insurance by 18.3% during 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. Fox Run Management L.L.C. acquired a new stake in China Life Insurance during the first quarter valued at approximately $76,000. Finally, Fieldpoint Private Securities LLC raised its holdings in shares of China Life Insurance by 16.0% during 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

(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.

Featured Stories

The Fly logo

Receive News & Ratings for China Life Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Life Insurance and related companies with MarketBeat.com's FREE daily email newsletter.