Analysts Set China Life Insurance Co Ltd (LFC) Price Target at $15.00

China Life Insurance Co Ltd (NYSE:LFC) has been assigned a consensus rating of “Hold” from the eleven research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $15.00.

LFC has been the subject of several analyst reports. Bank of America upgraded China Life Insurance from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 22nd. Zacks Investment Research upgraded China Life Insurance from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Saturday, March 30th. ValuEngine upgraded China Life Insurance from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. HSBC lowered China Life Insurance from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. Finally, Nomura lowered China Life Insurance from a “buy” rating to a “neutral” rating in a report on Tuesday, January 29th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. raised its position in China Life Insurance by 57.3% in the first quarter. Cornerstone Advisors Inc. now owns 2,500 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 911 shares during the last quarter. Parallel Advisors LLC bought a new position in shares of China Life Insurance during the first quarter worth about $39,000. Lindbrook Capital LLC bought a new position in shares of China Life Insurance during the fourth quarter worth about $35,000. Atlas Capital Advisors LLC raised its position in shares of China Life Insurance by 76.1% during the fourth quarter. Atlas Capital Advisors LLC now owns 4,446 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 1,921 shares during the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in shares of China Life Insurance during the first quarter worth about $68,000. 0.29% of the stock is currently owned by institutional investors.

LFC stock traded down $0.33 during mid-day trading on Friday, reaching $11.54. The company’s stock had a trading volume of 18,830 shares, compared to its average volume of 584,714. The company has a market cap of $67.10 billion, a price-to-earnings ratio of 41.32 and a beta of 1.36. The company has a current ratio of 8.30, a quick ratio of 8.30 and a debt-to-equity ratio of 0.15. China Life Insurance has a fifty-two week low of $9.85 and a fifty-two week high of $14.67.

China Life Insurance (NYSE:LFC) last released its quarterly earnings data on Wednesday, March 27th. The financial services provider reported ($0.22) EPS for the quarter. The business had revenue of $17.95 billion during the quarter. China Life Insurance had a net margin of 3.60% and a return on equity of 7.04%. As a group, equities analysts forecast that China Life Insurance will post 0.84 earnings per share for the current year.

The business also recently announced an annual dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.1188 per share. This represents a dividend yield of 0.84%. The ex-dividend date is Thursday, June 6th. China Life Insurance’s dividend payout ratio (DPR) is currently 92.86%.

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. It operates in four segments: Life Insurance Business, Health Insurance Business, Accident Insurance Business, and Other Businesses. The company offers individual and group life, annuity, accident, and health insurance products, as well as pension products.

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Analyst Recommendations for China Life Insurance (NYSE:LFC)

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