Nomura Lowers China Life Insurance (LFC) to Reduce

China Life Insurance (NYSE:LFC) was downgraded by investment analysts at Nomura from a “neutral” rating to a “reduce” rating in a research report issued to clients and investors on Friday, The Fly reports.

A number of other brokerages also recently commented on LFC. Zacks Investment Research raised shares of China Life Insurance from a “sell” rating to a “hold” rating in a research note on Wednesday, November 14th. Sanford C. Bernstein downgraded shares of China Life Insurance from an “outperform” rating to a “market perform” rating in a research note on Monday, October 29th. HSBC downgraded shares of China Life Insurance from a “hold” rating to a “reduce” rating in a research note on Thursday, September 6th. UBS Group downgraded shares of China Life Insurance from a “buy” rating to a “neutral” rating in a research note on Monday, November 26th. Finally, Deutsche Bank raised shares of China Life Insurance to a “buy” rating in a research note on Tuesday, November 20th. They noted that the move was a valuation call. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $14.93.

Shares of NYSE:LFC opened at $10.33 on Friday. The company has a market capitalization of $60.71 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 0.64 and a beta of 1.51. China Life Insurance has a 52 week low of $9.85 and a 52 week high of $17.32. The company has a quick ratio of 9.10, a current ratio of 9.10 and a debt-to-equity ratio of 0.06.

China Life Insurance (NYSE:LFC) last issued its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.30). The business had revenue of $19.76 billion during the quarter. China Life Insurance had a return on equity of 7.73% and a net margin of 4.03%. On average, sell-side analysts predict that China Life Insurance will post 0.61 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of LFC. Tower Research Capital LLC TRC increased its position in shares of China Life Insurance by 274.7% during the second 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 acquired a new position in shares of China Life Insurance during the third quarter worth $203,000. SG Americas Securities LLC increased its position in shares of China Life Insurance by 127.2% during the third 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 position in shares of China Life Insurance by 191.2% during the third 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 position in shares of China Life Insurance by 12.5% during the second 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 currently owned by institutional investors and hedge funds.

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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