Zacks Investment Research lowered shares of China Life Insurance Company Limited (NYSE:LFC) from a buy rating to a hold rating in a research note released on Monday morning.

According to Zacks, “China Life’s first-half 2017 net profit grew 17.8% year-over-year, primarily on the back of higher revenues. The company’s robust market position and organic growth initiatives are encouraging. Its operational efficiency is also reflected by its product upgrades and premium growth over the last few quarters. Its solid investment management also continues to impress. The company has the most extensive distribution and service network among all insurance companies operating in China. Year to date, the company’s shares have outperformed the industry. However, it suffers from rising expenses that have been pushing the bottom line down over last few quarters. Its severe exposure to market risk also bothers.”

Other equities research analysts have also recently issued research reports about the company. BidaskClub cut China Life Insurance Company Limited from a sell rating to a strong sell rating in a research note on Monday, August 14th. Goldman Sachs Group, Inc. (The) cut China Life Insurance Company Limited from a conviction-buy rating to a buy rating in a research note on Wednesday, August 16th. Sanford C. Bernstein cut China Life Insurance Company Limited from an outperform rating to a market perform rating in a research note on Thursday, August 17th. Credit Suisse Group upgraded China Life Insurance Company Limited from an underperform rating to a neutral rating in a research note on Friday. Finally, Bank of America Corporation upgraded China Life Insurance Company Limited from a neutral rating to a buy rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $18.00.

Shares of China Life Insurance Company Limited (LFC) opened at 16.25 on Monday. The company has a market capitalization of $88.56 billion, a price-to-earnings ratio of 29.82 and a beta of 1.37. The stock has a 50 day moving average of $15.82 and a 200-day moving average of $15.57. China Life Insurance Company Limited has a 52 week low of $11.82 and a 52 week high of $16.61.

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The business also recently announced a None dividend, which was paid on Friday, August 11th. Stockholders of record on Thursday, June 15th were issued a $0.137 dividend. The ex-dividend date was Tuesday, June 13th. China Life Insurance Company Limited’s payout ratio is currently 27.45%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Karp Capital Management Corp bought a new position in China Life Insurance Company Limited during the first quarter worth about $7,596,000. Northern Trust Corp raised its position in shares of China Life Insurance Company Limited by 18.0% in the second quarter. Northern Trust Corp now owns 1,473,716 shares of the financial services provider’s stock worth $22,606,000 after buying an additional 225,059 shares in the last quarter. Credit Suisse AG raised its position in shares of China Life Insurance Company Limited by 21.8% in the first quarter. Credit Suisse AG now owns 1,083,149 shares of the financial services provider’s stock worth $16,604,000 after buying an additional 193,584 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of China Life Insurance Company Limited by 56.8% in the first quarter. Parametric Portfolio Associates LLC now owns 524,047 shares of the financial services provider’s stock worth $8,034,000 after buying an additional 189,771 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of China Life Insurance Company Limited during the second quarter worth $1,884,000. 0.23% of the stock is currently owned by institutional investors and hedge funds.

China Life Insurance Company Limited 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.

Analyst Recommendations for China Life Insurance Company Limited (NYSE:LFC)

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