China Life Insurance Company Limited (NYSE:LFC – Get Rating) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 964,100 shares, a growth of 36.9% from the March 15th total of 704,000 shares. Approximately 0.1% of the company’s stock is sold out. Based on an average daily volume of 766,300 shares, the short-interest ratio is currently 1.3 days.
NYSE:LFC traded up $0.01 on Friday, reaching $7.72. 333,913 shares of the stock traded hands, compared to its average volume of 658,569. The company has a market capitalization of $43.64 billion, a price-to-earnings ratio of 5.48, a PEG ratio of 0.79 and a beta of 0.91. China Life Insurance has a 12 month low of $6.99 and a 12 month high of $10.79. The company’s fifty day simple moving average is $8.12 and its 200 day simple moving average is $8.45.
Several institutional investors and hedge funds have recently made changes to their positions in LFC. D Orazio & Associates Inc. bought a new position in China Life Insurance in the 3rd quarter valued at approximately $25,000. Fieldpoint Private Securities LLC lifted its holdings in shares of China Life Insurance by 8,265.2% during the fourth quarter. Fieldpoint Private Securities LLC now owns 9,620 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 9,505 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of China Life Insurance by 328.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 11,018 shares of the financial services provider’s stock valued at $90,000 after buying an additional 8,449 shares during the last quarter. Pinnacle Wealth Planning Services Inc. bought a new stake in China Life Insurance in the 4th quarter worth about $97,000. Finally, Veriti Management LLC purchased a new position in China Life Insurance in the 4th quarter worth about $98,000. 8.12% of the stock is owned by institutional investors.
A number of analysts have recently commented on LFC shares. Zacks Investment Research raised China Life Insurance from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 16th. StockNews.com initiated coverage on China Life Insurance in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.
China Life Insurance Company Profile (Get Rating)
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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