China Life Insurance Company Limited (NYSE:LFC) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 1,367,512 shares, a growth of 117.0% from the August 31st total of 630,295 shares. Based on an average daily trading volume, of 688,390 shares, the days-to-cover ratio is presently 2.0 days.

Several hedge funds have recently added to or reduced their stakes in LFC. First Trust Advisors LP boosted its position in shares of China Life Insurance Company Limited by 37.3% during the 1st quarter. First Trust Advisors LP now owns 91,163 shares of the financial services provider’s stock worth $1,398,000 after purchasing an additional 24,776 shares in the last quarter. US Bancorp DE boosted its position in shares of China Life Insurance Company Limited by 19.2% during the 1st quarter. US Bancorp DE now owns 32,094 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 5,177 shares in the last quarter. Comerica Bank boosted its position in shares of China Life Insurance Company Limited by 1.3% during the 1st quarter. Comerica Bank now owns 85,467 shares of the financial services provider’s stock worth $1,293,000 after purchasing an additional 1,109 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of China Life Insurance Company Limited by 56.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 524,047 shares of the financial services provider’s stock worth $8,034,000 after purchasing an additional 189,771 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in shares of China Life Insurance Company Limited during the 1st quarter worth about $166,000. 0.23% of the stock is currently owned by institutional investors.

Shares of China Life Insurance Company Limited (LFC) opened at 15.51 on Friday. China Life Insurance Company Limited has a 1-year low of $12.16 and a 1-year high of $16.61. The firm has a market cap of $87.68 billion, a P/E ratio of 27.95 and a beta of 1.34. The firm has a 50 day moving average price of $15.44 and a 200 day moving average price of $15.58.

Several research firms have issued reports on LFC. Bank of America Corporation raised China Life Insurance Company Limited from a “neutral” rating to a “buy” rating in a research note on Friday, August 25th. Goldman Sachs Group, Inc. (The) downgraded China Life Insurance Company Limited from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised China Life Insurance Company Limited from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Tuesday, August 29th. Daiwa Capital Markets raised China Life Insurance Company Limited to a “buy” rating in a research note on Monday, August 28th. Finally, BidaskClub raised China Life Insurance Company Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $17.00.

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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.

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