ValuEngine Downgrades China Life Insurance (LFC) to Sell

ValuEngine downgraded shares of China Life Insurance (NYSE:LFC) from a hold rating to a sell rating in a report issued on Monday, February 4th.

A number of other analysts have also commented on LFC. Nomura lowered China Life Insurance from a buy rating to a neutral rating in a report on Tuesday, January 29th. Zacks Investment Research raised China Life Insurance from a sell rating to a hold rating in a research report on Wednesday, November 14th. Sanford C. Bernstein downgraded China Life Insurance from an outperform rating to a market perform rating in a research report on Monday, October 29th. UBS Group downgraded China Life Insurance from a buy rating to a neutral rating in a research report on Monday, November 26th. Finally, HSBC downgraded China Life Insurance from a buy rating to a hold rating in a research report on Tuesday, January 22nd. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $12.93.

LFC stock opened at $14.42 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 9.10 and a current ratio of 9.10. The stock has a market cap of $76.15 billion, a price-to-earnings ratio of 15.51 and a beta of 1.35. China Life Insurance has a 1-year low of $9.85 and a 1-year high of $15.01.

Several hedge funds have recently modified their holdings of the stock. OLD Mission Capital LLC bought a new stake in shares of China Life Insurance in the fourth quarter valued at approximately $7,186,000. Nuveen Asset Management LLC bought a new stake in China Life Insurance during the fourth quarter worth $109,000. Bank of America Corp DE lifted its stake in China Life Insurance by 20.0% during the fourth quarter. Bank of America Corp DE now owns 49,184 shares of the financial services provider’s stock worth $516,000 after purchasing an additional 8,211 shares during the last quarter. NINE MASTS CAPITAL Ltd bought a new stake in China Life Insurance during the fourth quarter worth $1,112,000. Finally, Natixis Advisors L.P. bought a new stake in China Life Insurance during the fourth quarter worth $1,048,000. Institutional investors and hedge funds own 0.34% of the company’s stock.

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for China Life Insurance (NYSE:LFC)

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