China Life Insurance Co. (NYSE:LFC) gapped up before the market opened on Monday . The stock had previously closed at $12.90, but opened at $13.26. China Life Insurance shares last traded at $13.78, with a volume of 378,793 shares changing hands.

Separately, Zacks Investment Research lowered shares of China Life Insurance from a “hold” rating to a “sell” rating in a report on Monday, August 29th.

The company’s 50 day moving average is $12.24 and its 200-day moving average is $11.56. The firm has a market cap of $77.45 billion, a P/E ratio of 39.14 and a beta of 1.24.

A number of large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in China Life Insurance by 0.7% in the first quarter. Franklin Resources Inc. now owns 642,999 shares of the company’s stock worth $7,903,000 after buying an additional 4,766 shares during the period. BlackRock Inc. raised its stake in China Life Insurance by 5.0% in the first quarter. BlackRock Inc. now owns 119,529 shares of the company’s stock worth $1,469,000 after buying an additional 5,702 shares during the period. BlackRock Group LTD acquired a new stake in China Life Insurance during the first quarter worth about $5,556,000. JPMorgan Chase & Co. raised its stake in China Life Insurance by 12,171.4% in the first quarter. JPMorgan Chase & Co. now owns 139,158 shares of the company’s stock worth $1,711,000 after buying an additional 138,024 shares during the period. Finally, M&T Bank Corp raised its stake in China Life Insurance by 2.7% in the first quarter. M&T Bank Corp now owns 15,920 shares of the company’s stock worth $196,000 after buying an additional 421 shares during the period. Institutional investors own 0.27% of the company’s stock.

About China Life Insurance

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 four segments: life insurance, health insurance, accident insurance and other.

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