China Life Insurance Sees Unusually High Options Volume (LFC)
China Life Insurance Co Ltd (NYSE:LFC) saw some unusual options trading activity on Thursday. Stock investors purchased 533 call options on the company. This is an increase of 869% compared to the typical volume of 55 call options.
Shares of China Life Insurance stock opened at $10.74 on Friday. China Life Insurance has a 12-month low of $9.85 and a 12-month high of $17.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 9.10 and a quick ratio of 9.10. The stock has a market capitalization of $61.62 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 0.65 and a beta of 1.51.
China Life Insurance (NYSE:LFC) last issued its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.30). China Life Insurance had a return on equity of 7.73% and a net margin of 4.03%. The business had revenue of $19.76 billion for the quarter. As a group, sell-side analysts predict that China Life Insurance will post 0.61 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in shares of China Life Insurance by 274.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,884 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 5,780 shares in the last quarter. Greenleaf Trust purchased a new position in shares of China Life Insurance during the 3rd quarter worth approximately $203,000. SG Americas Securities LLC increased its stake in shares of China Life Insurance by 127.2% during the 3rd quarter. SG Americas Securities LLC now owns 19,825 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 11,100 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of China Life Insurance by 191.2% during the 3rd quarter. Citadel Advisors LLC now owns 41,133 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 27,007 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of China Life Insurance by 12.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 41,520 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 4,614 shares in the last quarter. 0.34% of the stock is owned by institutional investors and hedge funds.
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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. The company operates in four segments: Life Insurance Business, Health Insurance Business, Accident Insurance Business, and Other Business. It offers individual and group life, annuity, accident, and health insurance products, as well as provides pension products.
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