China Life Insurance (NYSE:LFC) Rating Increased to Buy at UBS

China Life Insurance (NYSE:LFC) was upgraded by equities researchers at UBS from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, December 5th, The Fly reports.

LFC has been the topic of a number of other reports. Goldman Sachs Group lowered shares of China Life Insurance from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, August 16th. Bank of America upgraded shares of China Life Insurance from a “neutral” rating to a “buy” rating in a report on Friday, August 25th. Zacks Investment Research upgraded shares of China Life Insurance from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday, August 29th. Daiwa Capital Markets upgraded shares of China Life Insurance to a “buy” rating in a report on Monday, August 28th. Finally, Sanford C. Bernstein lowered shares of China Life Insurance from an “outperform” rating to a “market perform” rating in a report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $17.00.

China Life Insurance (NYSE LFC) traded up $0.08 during trading hours on Tuesday, hitting $15.78. 486,600 shares of the stock were exchanged, compared to its average volume of 413,124. The firm has a market cap of $88,751.17, a PE ratio of 29.62, a PEG ratio of 1.82 and a beta of 1.38. China Life Insurance has a fifty-two week low of $12.74 and a fifty-two week high of $17.85. The company has a debt-to-equity ratio of 0.08, a quick ratio of 11.01 and a current ratio of 11.01.

Several hedge funds have recently added to or reduced their stakes in LFC. Bank of America Corp DE boosted its holdings in China Life Insurance by 24.0% in the first quarter. Bank of America Corp DE now owns 101,727 shares of the financial services provider’s stock worth $1,560,000 after purchasing an additional 19,684 shares during the period. Bank of Montreal Can boosted its holdings in China Life Insurance by 271.4% in the second quarter. Bank of Montreal Can now owns 146,300 shares of the financial services provider’s stock worth $2,244,000 after purchasing an additional 106,904 shares during the period. US Bancorp DE boosted its holdings in China Life Insurance by 16.5% in the second quarter. US Bancorp DE now owns 37,404 shares of the financial services provider’s stock worth $574,000 after purchasing an additional 5,310 shares during the period. Wetherby Asset Management Inc. lifted its stake in China Life Insurance by 1.7% in the second quarter. Wetherby Asset Management Inc. now owns 35,263 shares of the financial services provider’s stock valued at $541,000 after buying an additional 606 shares during the last quarter. Finally, Athos Capital Ltd bought a new stake in China Life Insurance in the second quarter valued at $1,841,000. 0.29% of the stock is owned by institutional investors and hedge funds.

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China Life Insurance Company Profile

China Life Insurance Company Limited is a life insurance company. The Company provides a range of insurance products, including individual and group life insurance, health insurance and accident insurance products. It operates through three segments: Life Insurance, Health Insurance, and Accident Insurance.

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Analyst Recommendations for China Life Insurance (NYSE:LFC)

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