Parallel Advisors LLC Invests $39,000 in China Life Insurance Co Ltd (LFC)

Parallel Advisors LLC Invests $39,000 in China Life Insurance Co Ltd (LFC)

Parallel Advisors LLC bought a new position in shares of China Life Insurance Co Ltd (NYSE:LFC) in the first quarter, Holdings Channel reports. The firm bought 2,916 shares of the financial services provider’s stock, valued at approximately $39,000.

Several other large investors have also recently modified their holdings of the company. Morgan Stanley boosted its holdings in China Life Insurance by 82.4% in the 3rd quarter. Morgan Stanley now owns 729,708 shares of the financial services provider’s stock worth $8,311,000 after acquiring an additional 329,588 shares during the period. Henry James International Management Inc. purchased a new position in shares of China Life Insurance during the 4th quarter valued at approximately $885,000. Atlas Capital Advisors LLC boosted its stake in shares of China Life Insurance by 76.1% during the 4th quarter. Atlas Capital Advisors LLC now owns 4,446 shares of the financial services provider’s stock valued at $47,000 after buying an additional 1,921 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of China Life Insurance by 65.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,598 shares of the financial services provider’s stock valued at $60,000 after buying an additional 2,210 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in shares of China Life Insurance by 7.0% during the 4th quarter. Raymond James & Associates now owns 184,026 shares of the financial services provider’s stock valued at $1,930,000 after buying an additional 12,080 shares during the last quarter. Institutional investors and hedge funds own 0.29% of the company’s stock.

NYSE:LFC opened at $12.23 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 8.30 and a quick ratio of 8.30. China Life Insurance Co Ltd has a 1-year low of $9.85 and a 1-year high of $14.67. The firm has a market capitalization of $67.55 billion, a P/E ratio of 43.68 and a beta of 1.36.

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

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

Several equities research analysts recently issued reports on LFC shares. Bank of America raised China Life Insurance from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 22nd. Zacks Investment Research raised China Life Insurance from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Saturday, March 30th. HSBC lowered China Life Insurance from a “buy” rating to a “hold” rating in a research report on Tuesday, January 22nd. ValuEngine raised China Life Insurance from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Finally, Nomura lowered China Life Insurance from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. China Life Insurance currently has a consensus rating of “Hold” and a consensus price target of $15.00.

China Life Insurance Company Profile

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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