Chinese language Life Insurance coverage (NYSE: LFC) was downgraded from a “maintain” ranking to a “promote” ranking by Zacks Funding Analysis on a ranking issued to buyers on Saturday, stories Zacks.com.

Based on Zacks, “China Life Insurance coverage Firm Restricted is the main life insurance coverage firm within the Chinese language life insurance coverage market. The corporate presents services and products together with particular person life insurance coverage, group life insurance coverage, accident insurance coverage and medical insurance. The corporate is China’s largest life insurance coverage firm, a number one supplier of annuity merchandise and life insurance coverage for people and teams, and a number one supplier of accident and medical insurance. By way of its majority stake in China Life Insurance coverage Property Administration Co., Ltd. the corporate turned China’s largest insurance coverage asset administration firm and one of many largest institutional buyers in China.

China Life Insurance coverage shares opened at $ 8.89 on Friday. The corporate has a present price of 9.05, a fast ratio of 20.27 and debt of 0.11. China Life Insurance coverage has a 12-month low of $ 7.85 and a 12-month excessive of $ 11.99. The 50 day easy transferring common of the inventory is $ 8.58 and the 200 day easy transferring common is $ 9.15. The corporate has a market cap of $ 50.25 billion, a P / E of 6.31, a P / E of 0.43, and a beta of 1.04.

China Life Insurance coverage (NYSE: LFC) final introduced its revenue outcomes on Thursday, October twenty eighth. The monetary providers firm reported earnings per share of $ 0.21 for the quarter, lacking the Thomson Reuters consensus estimate of $ 0.53 ($ 0.32). China Life Insurance coverage had a return on fairness of 11.13% and a internet margin of 6.41%. On common, analysis analysts for shares are forecasting that China Life Insurance coverage will put up 1.63 EPS for the present 12 months.

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A number of hedge funds have just lately modified their positions within the firm. D Orazio & Associates Inc. added a brand new place in China Life Insurance coverage value $ 25,000 within the third quarter. Ameritas Funding Firm LLC added a brand new place in China Life Insurance coverage for about $ 32,000 within the first quarter. Citigroup Inc. elevated its stake in China Life Insurance coverage by 159.1% within the first quarter. Citigroup Inc. now owns 4,035 shares of the monetary providers firm valued at $ 42,000 after buying a further 10,859 shares throughout the interval. NEXT Monetary Group Inc acquired a brand new place in China Life Insurance coverage value roughly $ 50,000 in Q2. Lastly, CAPROCK Group Inc. acquired a brand new place in China Life Insurance coverage value roughly $ 82,000 within the third quarter. 0.33% of the shares are owned by institutional buyers and hedge funds.

In regards to the Chinese language life insurance coverage

China Life Insurance coverage Firm Restricted, along with its subsidiaries, operates as a life insurance coverage firm within the Folks’s Republic of China. It operates in 4 segments: Life Insurance coverage, Well being Insurance coverage, Casualty Insurance coverage and Different Companies. The corporate presents particular person and group life, annuity, accident and medical insurance merchandise.

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This prompt information alert was generated by means of narrative science know-how and monetary knowledge from MarketBeat to offer readers with the quickest, most correct protection. This story has been reviewed by the editorial employees of MarketBeat previous to publication. Please ship questions or feedback about this story to [email protected]

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