Is China Life Insurance a good dividend stock?

China Life Insurance (NYSE:LFCHY) pays an annual dividend of $0.41 per share and currently has a dividend yield of 6.71%. LFCHY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 32.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LFCHY will have a dividend payout ratio of 29.50% next year. This indicates that the company will be able to sustain or increase its dividend.

NYSE:LFCHY

China Life Insurance (LFCHY) Stock Price, News & Analysis

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Today's Range: N/A
50-Day Range: $6.21
▼
$6.21
52-Week Range: N/A

Volume: 74,500 shs
Average Volume: 662,910 shs
Market Capitalization: $35.10 billion

P/E Ratio: 4.40
Dividend Yield: 6.71%
Price Target: N/A

Stock Analysis

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About China Life Insurance Stock (NYSE:LFCHY)

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. The company was founded in 1949 and is based in Beijing, the People's Republic of China. China Life Insurance Company Limited is a subsidiary of China Life Insurance (Group) Company Limited.

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LFCHY Stock News Headlines

January 27, 2023 | cnbc.com

China's Covid wave drives up consumer interest in insurance after health system shortfalls

January 19, 2023 | reuters.com

Former China Life Insurance chairman charged with bribery, hiding funds

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January 12, 2023 | marketwatch.com

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Company Calendar

Today: 4/16/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Life insurance
Sub-Industry: N/A
Current Symbol: NYSE:LFCHY
CUSIP: N/A
CIK: 1268896
Web: www.e-chinalife.com
Phone: 86 10 6363 3333
Fax: 86-10-6657-5112
Employees: 1,613,000
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 4.40
Forward P/E Ratio: N/A
P/E Growth: 0.49
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 0.12
Current Ratio: 12.51
Quick Ratio: 8.91

Sales & Book Value

Annual Sales: $127.86 billion
Price / Sales: 0.00
Cash Flow: N/A
Price / Cash Flow: 3.87
Book Value: $11.94 per share
Price / Book: N/A

Miscellaneous

Outstanding Shares: 5,652,941,000
Free Float: N/A
Market Cap: $35.10 billion
Optionable: Optionable
Beta: 0.59

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Key Executives

Ms. Hong Yang (Age 55)
VP, Operating Director & GM of the Operation Service Center
Comp: $205.29k
Ms. Di Zhang (Age 54)
Assistant to the Pres & Chief Investment Officer
Mr. Ruan Qi (Age 56)
VP
Comp: $205.23k
Mr. Chongmiao Xu (Age 53)
Compliance Officer, GM of the Legal & Compliance Department and Legal Officer
Comp: $128.07k
Mr. Zhong Zhan (Age 54)
VP, Marketing Director & GM of Individual Insurance Division
Comp: $205.23k
Ms. Xiumei Huang (Age 55)
VP & Exec. Director
Comp: $205.52k
Mr. Mingguang Li (Age 53)
Chief Actuary, VP, Board Sec. & Exec. Director
Comp: $208.06k
Mr. Guodong Zhao (Age 55)
Assistant to the Pres
Comp: $122.27k
Mr. Yuejin Liu (Age 55)
Assistant to the Pres
Comp: $60.61k
Dr. Tao Bai Ph.D. (Age 59)
Exec. Chairman

Key Competitors

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Should I Buy China Life Insurance Stock? LFCHY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in China Life Insurance Company Limited:

China Life Insurance Company Limited has a strong presence in the life insurance industry in China, a market with significant growth potential.
The company offers a diverse range of insurance products including critical illness protection, annuity, and medical insurance, catering to various customer needs.
Recent positive developments in the company's financial performance have shown promising growth prospects, indicating potential for increased shareholder value.
China Life Insurance Company Limited's stock price has been relatively stable and has shown resilience during market fluctuations, providing a sense of security to investors.
The company's strong brand reputation and long-standing history since its founding in 1949 reflect stability and trustworthiness in the market.

Cons

Investors should be bearish about investing in China Life Insurance Company Limited for these reasons:

The competitive landscape in the insurance industry in China is intense, leading to potential pricing pressures and challenges in market share growth.
Regulatory changes in the insurance sector in China could impact the company's operations and profitability, introducing uncertainties for investors.
China Life Insurance Company Limited's dividend score and overall financial metrics have not shown significant improvement recently, raising concerns about returns for investors.
The company's valuation score and sustainability score have remained stagnant, indicating limited upside potential for investors in the near term.
Market sentiment and short interest scores for China Life Insurance Company Limited have been neutral, suggesting a lack of significant positive catalysts for stock price appreciation.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these China Life Insurance pros and cons to contact@marketbeat.com.

LFCHY Stock Analysis - Frequently Asked Questions

Is China Life Insurance a good dividend stock?: China Life Insurance (NYSE:LFCHY) pays an annual dividend of $0.41 per share and currently has a dividend yield of 6.71%. LFCHY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 32.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LFCHY will have a dividend payout ratio of 29.50% next year. This indicates that the company will be able to sustain or increase its dividend.

This page (NYSE:LFCHY) was last updated on 4/16/2024 by MarketBeat.com Staff

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China Life Insurance (LFCHY) Stock Price, News & Analysis

About China Life Insurance Stock (NYSE:LFCHY)

LFCHY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Should I Buy China Life Insurance Stock? LFCHY Pros and Cons Explained

Pros

Cons

LFCHY Stock Analysis - Frequently Asked Questions

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