Zacks Investment Research upgraded shares of China Life Insurance Company Limited (NYSE:LFC) from a hold rating to a buy rating in a research note published on Tuesday morning. They currently have $18.00 target price on the financial services provider’s stock.

According to Zacks, “Year to date, China Life’s shares have outperformed the industry. 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. Its first-half 2017 net profit grew 17.8% year-over-year, primarily on the back of higher revenues. The stock has seen the Zacks Consensus Estimate for 2017 and 2018 earnings being revised upward over the last 30 days. 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.”

A number of other research analysts have also recently commented on LFC. Daiwa Capital Markets upgraded China Life Insurance Company Limited to a buy rating in a research note on Monday, August 28th. 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. BidaskClub cut China Life Insurance Company Limited from a sell rating to a strong sell rating in a research note on Monday, August 14th. Credit Suisse Group upgraded China Life Insurance Company Limited from an underperform rating to a neutral rating in a research note on Friday, August 25th. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $18.00.

Shares of China Life Insurance Company Limited (NYSE LFC) opened at 16.07 on Tuesday. The stock’s 50 day moving average price is $15.87 and its 200 day moving average price is $15.60. The company has a market cap of $87.58 billion, a P/E ratio of 29.49 and a beta of 1.37. China Life Insurance Company Limited has a 12-month low of $12.16 and a 12-month high of $16.61.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Greenleaf Trust bought a new position in shares of China Life Insurance Company Limited during the first quarter worth about $190,000. Sit Investment Associates Inc. boosted its position in shares of China Life Insurance Company Limited by 66.2% in the first quarter. Sit Investment Associates Inc. now owns 12,800 shares of the financial services provider’s stock worth $196,000 after buying an additional 5,100 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of China Life Insurance Company Limited by 18,607.2% in the first quarter. JPMorgan Chase & Co. now owns 52,193 shares of the financial services provider’s stock worth $801,000 after buying an additional 51,914 shares during the last quarter. Trexquant Investment LP bought a new position in shares of China Life Insurance Company Limited during the first quarter worth about $166,000. Finally, First Trust Advisors LP boosted its position in shares of China Life Insurance Company Limited by 37.3% in the first quarter. First Trust Advisors LP now owns 91,163 shares of the financial services provider’s stock worth $1,398,000 after buying an additional 24,776 shares during the last quarter. Institutional investors and hedge funds own 0.23% of the company’s stock.

About China Life Insurance Company Limited

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

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