China Life Insurance Co Ltd (NYSE:LFC) Receives $15.00 Consensus Target Price from Analysts

China Life Insurance Co Ltd (NYSE:LFC) has been assigned a consensus recommendation of “Buy” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $15.00.

A number of equities research analysts have recently commented on LFC shares. Goldman Sachs Group upgraded China Life Insurance from a “sell” rating to a “buy” rating in a research report on Sunday, June 9th. JPMorgan Chase & Co. upgraded China Life Insurance from a “neutral” rating to an “overweight” rating in a research report on Thursday, May 30th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th.

Hedge funds have recently bought and sold shares of the stock. Signaturefd LLC boosted its holdings in China Life Insurance by 24.6% in the 1st quarter. Signaturefd LLC now owns 14,152 shares of the financial services provider’s stock worth $190,000 after buying an additional 2,791 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in China Life Insurance by 65.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,598 shares of the financial services provider’s stock worth $60,000 after buying an additional 2,210 shares during the last quarter. Raymond James & Associates boosted its holdings in China Life Insurance by 7.0% in the 4th quarter. Raymond James & Associates now owns 184,026 shares of the financial services provider’s stock worth $1,930,000 after buying an additional 12,080 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in China Life Insurance by 5.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 887,540 shares of the financial services provider’s stock worth $11,911,000 after buying an additional 48,293 shares during the last quarter. Finally, Eqis Capital Management Inc. boosted its holdings in China Life Insurance by 98.6% in the 1st quarter. Eqis Capital Management Inc. now owns 37,553 shares of the financial services provider’s stock worth $504,000 after buying an additional 18,647 shares during the last quarter. Institutional investors own 0.29% of the company’s stock.

Shares of NYSE:LFC traded up $0.36 during trading on Friday, reaching $12.93. 446,859 shares of the company’s stock traded hands, compared to its average volume of 307,720. China Life Insurance has a fifty-two week low of $9.85 and a fifty-two week high of $14.51. The company has a current ratio of 8.30, a quick ratio of 8.30 and a debt-to-equity ratio of 0.15. The stock has a market cap of $71.06 billion, a price-to-earnings ratio of 46.18, a PEG ratio of 0.27 and a beta of 1.44. The stock has a 50-day simple moving average of $12.00.

China Life Insurance (NYSE:LFC) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.68 EPS for the quarter. China Life Insurance had a return on equity of 7.04% and a net margin of 3.60%. The firm had revenue of $44.17 billion for the quarter. As a group, research analysts predict that China Life Insurance will post 0.91 earnings per share for the current fiscal year.

The company also recently disclosed an annual dividend, which will be paid on Tuesday, August 13th. Investors of record on Friday, June 7th will be issued a $0.1188 dividend. This represents a yield of 0.84%. The ex-dividend date is Thursday, June 6th. China Life Insurance’s payout ratio is 32.14%.

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. It operates in four segments: Life Insurance Business, Health Insurance Business, Accident Insurance Business, and Other Businesses. The company offers individual and group life, annuity, accident, and health insurance products, as well as pension products.

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Analyst Recommendations for China Life Insurance (NYSE:LFC)

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