12,198 shares of China Life Insurance Company Limited (NYSE: LFC) purchased by PDS Planning Inc

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PDS Planning Inc bought a new stock position in China Life Insurance Company Limited (NYSE:LFC – Get Rating) during Q1, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 12,198 shares of the financial services provider, valued at around $93,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LFC. LMR Partners LLP increased its stake in China Life Insurance by 668.2% in the 4th quarter. LMR Partners LLP now owns 330,322 shares of the financial services provider worth $2,737,000 after acquiring an additional 287,321 shares last quarter. Strs Ohio increased its stake in China Life Insurance by 35.7% in the fourth quarter. Strs Ohio now owns 517,000 shares of the financial services provider worth $4,254,000 after acquiring an additional 136,000 shares in the last quarter. American Century Companies Inc. increased its stake in China Life Insurance by 37.1% during the 4th quarter. American Century Companies Inc. now owns 207,406 shares of the financial services provider worth $1,707,000 after acquiring an additional 56,088 shares last quarter. Schonfeld Strategic Advisors LLC increased its stake in China Life Insurance by 149.3% in Q3. Schonfeld Strategic Advisors LLC now owns 85,000 shares of the financial services provider worth $693,000 after acquiring an additional 50,900 shares in the last quarter. Finally, West Family Investments Inc. increased its stake in China Life Insurance by 368.0% during the 4th quarter. West Family Investments Inc. now owns 58,582 shares of the financial services provider worth $482,000 after acquiring an additional 46,064 shares in the last quarter. 8.09% of the shares are currently held by hedge funds and other institutional investors.

Separately, StockNews.com downgraded China Life Insurance from a “buy” rating to a “hold” rating in a research report on Saturday.

LFC stock opened at $8.55 on Tuesday. The company has a quick ratio of 8.91, a current ratio of 8.91 and a leverage ratio of 0.11. The company’s 50-day moving average is $7.54 and its two-hundred-day moving average is $8.05. China Life Insurance Company Limited has a 1-year minimum of $6.93 and a 1-year maximum of $10.19.

China Life Insurance (NYSE:LFC – Get Rating) last released its quarterly results on Wednesday, April 27. The financial services provider reported earnings per share (EPS) of $0.43 for the quarter. The company posted revenue of $55.22 billion for the quarter. China Life Insurance achieved a return on equity of 11.13% and a net margin of 6.41%. On average, equity research analysts expect China Life Insurance Company Limited to post EPS of 1.23 for the current fiscal year.

The company also recently announced an annual dividend, which will be paid on Thursday, September 1. Shareholders of record on Thursday, July 7 will receive a dividend of $0.4847. The ex-dividend date is Wednesday, July 6. This represents a dividend yield of 4.9%.

China Life Insurance Company Profile (Get an assessment)

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 through four segments: life insurance business, health insurance business, accident insurance business and other business. It offers critical illness insurance, annuity, children’s/women’s/retirement insurance, security, life insurance, medical insurance and accident insurance.

Further reading

Want to see which other hedge funds hold LFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for China Life Insurance Company Limited (NYSE: LFC – Get Rating).

Institutional ownership by quarter for China Life Insurance (NYSE: LFC)



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