First Trust Advisors LP Sells 91,084 Shares of China Life Insurance Co Ltd (NYSE:LFC)

First Trust Advisors LP decreased its position in China Life Insurance Co Ltd (NYSE:LFC) by 40.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 133,230 shares of the financial services provider’s stock after selling 91,084 shares during the period. First Trust Advisors LP’s holdings in China Life Insurance were worth $1,398,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Comerica Bank grew its holdings in China Life Insurance by 7.6% in the 3rd quarter. Comerica Bank now owns 87,233 shares of the financial services provider’s stock worth $975,000 after acquiring an additional 6,136 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of China Life Insurance by 1,044.3% in the 3rd quarter. Wells Fargo & Company MN now owns 124,567 shares of the financial services provider’s stock worth $1,420,000 after purchasing an additional 113,681 shares during the period. SG Americas Securities LLC lifted its position in shares of China Life Insurance by 127.2% in the 3rd quarter. SG Americas Securities LLC now owns 19,825 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 11,100 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of China Life Insurance by 9.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 202,886 shares of the financial services provider’s stock worth $2,311,000 after purchasing an additional 17,638 shares during the period. Finally, Citadel Advisors LLC lifted its position in shares of China Life Insurance by 191.2% in the 3rd quarter. Citadel Advisors LLC now owns 41,133 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 27,007 shares during the period. 0.28% of the stock is currently owned by institutional investors.

LFC has been the subject of several research analyst reports. HSBC cut shares of China Life Insurance from a “buy” rating to a “hold” rating in a research report on Tuesday, January 22nd. Zacks Investment Research cut shares of China Life Insurance from a “hold” rating to a “sell” rating in a research report on Saturday, March 9th. ValuEngine raised shares of China Life Insurance from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Finally, Goldman Sachs Group cut shares of China Life Insurance from a “neutral” rating to a “sell” rating in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.43.

NYSE LFC traded down $0.13 during trading hours on Monday, reaching $13.43. 454,697 shares of the company’s stock traded hands, compared to its average volume of 558,314. The stock has a market cap of $76.65 billion, a P/E ratio of 47.96 and a beta of 1.36. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.33 and a quick ratio of 9.10. China Life Insurance Co Ltd has a 52-week low of $9.85 and a 52-week high of $14.67.

China Life Insurance (NYSE:LFC) last released its quarterly earnings data on Wednesday, March 27th. The financial services provider reported ($0.22) earnings per share for the quarter. The firm had revenue of $17.95 billion for the quarter. China Life Insurance had a net margin of 1.96% and a return on equity of 3.67%. Research analysts expect that China Life Insurance Co Ltd will post 0.84 earnings per share for the current fiscal year.

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China Life Insurance Company Profile

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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Institutional Ownership by Quarter for China Life Insurance (NYSE:LFC)

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