Parallel Advisors LLC Reduced Position in China Life Insurance Company Limited (NYSE:LFC)


Parallel Advisors LLC decreased its holdings in shares of China Life Insurance Company Limited.NYSE: LFCGet Votes) and 15.8% in the first quarter, according to the latest 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,130 shares of the financial services provider’s stock after selling 1,530 shares during the quarter. Parallel Advisors LLC’s holdings in China Life Insurance were worth $63,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of China Life Insurance by 114.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 58,866 shares of the financial services provider’s stock valued at $484,000 after buying an additional 31,402 shares in the last quarter. West Family Investments Inc. raised its stake in China Life Insurance by 368.0% in the fourth quarter. West Family Investments Inc. now owns 58,582 shares of the financial services provider’s stock worth $482,000 after buying an additional 46,064 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in China Life Insurance by 89.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 20,866 shares of the stock’s stock worth $172,000 after purchasing an additional 9,848 shares during the last quarter. Strs Ohio raised its stake in China Life Insurance by 35.7% in the fourth quarter. Strs Ohio now owns 517,000 shares of the provider’s stock worth $4,254,000 after buying an additional 136,000 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. raised its stake in China Life Insurance by 16.4% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 13,718 shares of the provider’s stock worth $104,000 after purchasing an additional 1,935 shares in the last quarter. 8.09% of the stock is currently owned by hedge funds and other businesses.

Wall Street Analyst Weight In

alone, StockNews.com raised shares of China Life Insurance from a “hold” rating to a “buy” rating in a research note on Tuesday, July 12th.

China Life Insurance Stock Performance

NYSE LFC opened at $7.45 on Friday. China Life Insurance Company Limited has a one year low of $6.93 and a one year high of $9.69. The company has a debt ratio of 0.11, a current ratio of 8.91 and a quick ratio of 8.91. The fund has a market capitalization of $42.11 billion, a PE ratio of 5.30, a P/E/G ratio of 0.69 and a beta of 0.72. The company’s 50-day moving average is $7.82 and its 200-day moving average is $8.01.

China Life Insurance (NYSE: LFCGet Votes) last issued its quarterly earnings results on Wednesday, April 27th. The financial services provider reported $0.43 EPS for the quarter. The company had revenue of $55.22 billion for the quarter. analysts forecast that China Life Insurance Company Limited will post 1.24 earnings per share for the current fiscal year.

China Life Insurance Cuts Division

The business also recently announced a dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, July 7th will be given a dividend of $0.4847. This represents a yield of 4.9%. The previous distribution date is Wednesday, July 6.

About China Life Insurance

(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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