FY2022 EPS Estimates for China Life Insurance Company Limited Reduced by Analyst (NYSE:LFC)

Opinions of the company China Life Insurance Company Limited Get Votes) – Equities researchers at Jefferies Financial Group lowered their FY2022 earnings estimates for shares of China Life Insurance in a research report issued to clients and investors on Wednesday, August 31st. Jefferies Financial Group analyst S. Chen now expects that the financial services provider will earn $1.24 per share for the year, down from their previous forecast of $1.29. The consensus estimate for China Life Insurance’s full-year earnings per share is $1.17. Jefferies Financial Group also issued estimates for China Life Insurance’s FY2023 earnings at $1.49 EPS.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. raised China Life Insurance from a “neutral” rating to an “overweight” rating in a research report on Friday, August 5th. StockNews.com raised China Life Insurance from a “hold” rating to a “buy” rating in a report on Monday.

China Life Insurance Stock Performance

NYSE:LFC opened at $7.05 on Friday. The company’s 50-day moving average is $7.61 and its 200-day moving average is $7.70. The company has a market cap of $39.85 billion, a price-to-earnings ratio of 5.03, a PEG ratio of 0.69 and a beta of 0.64. The company has a debt ratio of 0.11, a quick ratio of 8.91 and a current ratio of 7.39. China Life Insurance has a 52-week low of $6.93 and a 52-week high of $9.69.

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The company also disclosed its annual dividend, which was issued on Thursday, September 1st. Stockholders of record on Thursday, July 7th were given a dividend of $0.4847 per share. This represents a yield of 4.9%. The deadline for this session was Wednesday, July 6.

Institutional Trading of China Life Insurance

A number of investment trusts and hedge funds have recently added to or reduced their stakes in the business. Lindbrook Capital LLC raised its stake in China Life Insurance by 1,072.0% in the second quarter. Lindbrook Capital LLC now owns 7,841 shares of the investment trust’s stock worth $68,000 after buying an additional 7,172 shares during the period. PNC Financial Services Group Inc. raised its position in shares of China Life Insurance by 22.5% in the first quarter. PNC Financial Services Group Inc. now owns 8,011 shares of the financial services provider’s stock worth $61,000 after buying an additional 1,472 shares during the period. Advisor Group Holdings Inc. grew its stake in China Life Insurance by 18.3% in the first quarter. Advisor Group Holdings Inc. now owns 9,190 shares of the financial services provider’s stock valued at $70,000 after buying an additional 1,420 shares in the last quarter. Fox Run Management LLC purchased a new stake in China Life Insurance in the 1st quarter valued at $76,000. Finally, Fieldpoint Private Securities LLC grew its position in China Life Insurance by 16.0% in the first quarter. Fieldpoint Private Securities LLC now owns 11,160 shares of the stock’s stock valued at $85,000 after acquiring an additional 1,540 shares during the period.

Opinions of the company China Life Insurance Company

(Get Votes)

China Life Insurance Company Limited, together with its subsidiaries, operates as a life insurance company in the People’s Republic of China. The company operates in four segments: Life Insurance Business, Health Insurance Business, Casualty Insurance Business, and Other Businesses. They offer critical illness, annuity, child/maternity/pension, security, life, medical, and accident insurance.

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