Zacks Investment Research Downgrades China Life Insurance policies Business Limited (NYSE:LFC) to Hold

Zacks Investment Research reduced shares of China Life Insurance policies Business Limited (NYSE:LFC) from a acquire rating to a hold rating in a report released on Monday, August 28th.

In accordance to Zacks, “China Life’s initially-50 % 2017 internet income grew 17.8% calendar year-more than-calendar year, generally on the back of increased revenues. The company’s strong marketplace situation and natural and organic advancement initiatives are encouraging. Its operational performance is also reflected by its product upgrades and top quality advancement more than the final couple of quarters. Its reliable financial commitment administration also carries on to impress. The business has the most extensive distribution and provider network among the all insurance coverage corporations functioning in China. Yr to date, the company’s shares have outperformed the marketplace. Even so, it suffers from mounting expenditures that have been pushing the base line down more than final couple of quarters. Its severe exposure to marketplace danger also bothers.”

Other investigate analysts have also issued investigate studies about the stock. BidaskClub reduced shares of China Life Insurance policies Business Limited from a promote rating to a powerful promote rating in a investigate note on Monday, August 14th. Goldman Sachs Team, Inc. (The) reduced shares of China Life Insurance policies Business Limited from a conviction-acquire rating to a acquire rating in a investigate note on Wednesday, August 16th. Credit history Suisse Team upgraded shares of China Life Insurance policies Business Limited from an underperform rating to a neutral rating in a investigate note on Friday, August 25th. Sanford C. Bernstein reduced shares of China Life Insurance policies Business Limited from an outperform rating to a marketplace conduct rating in a investigate note on Thursday, August 17th. Finally, Lender of America Corporation upgraded shares of China Life Insurance policies Business Limited from a neutral rating to a acquire rating in a investigate report on Friday, August 25th. Just one analyst has rated the stock with a promote rating, 7 have assigned a hold rating and a few have assigned a acquire rating to the business. The stock at present has a consensus rating of Hold and a consensus target price tag of $18.00.

Shares of China Life Insurance policies Business Limited (NYSE LFC) traded down 1.00% all through investing on Monday, achieving $15.31. The business had a investing volume of 427,899 shares. China Life Insurance policies Business Limited has a 12 thirty day period low of $12.16 and a 12 thirty day period substantial of $16.61. The stock has a marketplace capitalization of $86.58 billion, a PE ratio of 27.85 and a beta of 1.38. The stock’s 50-day transferring ordinary price tag is $15.69 and its 200-day transferring ordinary price tag is $15.60.

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Hedge funds and other institutional investors have not too long ago purchased and bought shares of the stock. Trexquant Investment LP acquired a new stake in shares of China Life Insurance policies Business Limited all through the 1st quarter worth approximately $166,000. Archford Capital Techniques LLC boosted its situation in shares of China Life Insurance policies Business Limited by 2,288.1% all through the 2nd quarter. Archford Capital Techniques LLC now owns 1,003 shares of the financial expert services provider’s stock worth $170,000 following buying an more 961 shares in the final quarter. Sciencast Management LP acquired a new stake in shares of China Life Insurance policies Business Limited all through the 2nd quarter worth approximately $179,000. Greenleaf Rely on acquired a new stake in shares of China Life Insurance policies Business Limited all through the 1st quarter worth approximately $190,000. Finally, Sit Investment Associates Inc. boosted its situation in shares of China Life Insurance policies Business Limited by 66.2% all through the 1st quarter. Sit Investment Associates Inc. now owns 12,800 shares of the financial expert services provider’s stock worth $196,000 following buying an more 5,100 shares in the final quarter. Institutional investors and hedge funds have .23% of the company’s stock.

China Life Insurance policies Business Limited Business Profile

China Life Insurance policies Business Limited is a life insurance coverage business. The Business supplies a assortment of insurance coverage items, including specific and group life insurance coverage, wellbeing insurance coverage and incident insurance coverage items. It operates as a result of a few segments: Life Insurance policies, Wellness Insurance policies, and Accident Insurance policies.

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