China Life Insurance (NYSE:LFC) Shares Gap Down to $7.29

Shares of China Life Insurance Company Limited (NYSE:LFC – Get Rating) gapped down before the market opened on Tuesday . The stock had previously closed at $7.29, but opened at $7.04. China Life Insurance shares last traded at $7.03, with a volume of 1,395 shares.

LFC has been the subject of a number of research reports. StockNews.com initiated coverage on China Life Insurance in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research upgraded shares of China Life Insurance from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 16th.

The firm has a 50 day moving average of $7.91 and a two-hundred day moving average of $8.42. The firm has a market capitalization of $39.46 billion, a price-to-earnings ratio of 5.17, a price-to-earnings-growth ratio of 0.76 and a beta of 0.91.

Several institutional investors have recently bought and sold shares of the stock. Pinnacle Wealth Planning Services Inc. increased its holdings in China Life Insurance by 16.4% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 13,718 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 1,935 shares in the last quarter. PDS Planning Inc acquired a new position in China Life Insurance during the first quarter worth $93,000. Veriti Management LLC raised its holdings in shares of China Life Insurance by 198.8% in the first quarter. Veriti Management LLC now owns 35,528 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 23,639 shares during the last quarter. Fieldpoint Private Securities LLC raised its holdings in shares of China Life Insurance by 16.0% in the first quarter. Fieldpoint Private Securities LLC now owns 11,160 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 1,540 shares during the last quarter. Finally, JustInvest LLC raised its holdings in shares of China Life Insurance by 41.8% in the fourth quarter. JustInvest LLC now owns 19,755 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 5,827 shares during the last quarter. 8.12% of the stock is currently owned by institutional investors.

China Life Insurance Company Profile (NYSE:LFC)

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 products, accident, and health insurance products.

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