China Life Insurance Company Limited (NYSE:LFC) Holdings reduced by Quadrant Capital Group LLC

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Quadrant Capital Group LLC reduced its position in China Life Insurance Company Limited (NYSE: LFC – Get Rating) by 32.8% in Q1, according to the company in its latest filing with the Securities and Exchange Commission. The fund held 9,463 shares of the financial services provider after selling 4,611 shares during the period. Quadrant Capital Group LLC’s holdings in China Life Insurance were worth $72,000 when it last filed with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of LFC. LMR Partners LLP increased its position 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 purchasing an additional 287,321 shares in the last quarter. American Century Companies Inc. increased its position in China Life Insurance by 37.1% in the fourth quarter. American Century Companies Inc. now owns 207,406 shares of the financial services provider worth $1,707,000 after buying an additional 56,088 shares in the last quarter. West Family Investments Inc. increased its position 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 worth $482,000 after buying an additional 46,064 shares in the last quarter. Envestnet Asset Management Inc. increased its position in China Life Insurance by 67.5% in Q1. Envestnet Asset Management Inc. now owns 98,605 shares of the financial services provider worth $748,000 after buying 39,739 additional shares in the last quarter. Finally, Legacy Wealth Asset Management LLC increased its position in China Life Insurance by 247.6% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 44,012 shares of the financial services provider worth $362,000 after buying 31,349 additional shares in the last quarter. Institutional investors hold 8.09% of the company’s shares.

Analyst upgrades and downgrades

LFC has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded China Life Insurance shares from a “neutral” rating to an “overweight” rating in a report on Friday. StockNews.com upgraded shares of China Life Insurance from a “hold” rating to a “buy” rating in a Tuesday, July 12 report.

Life insurance in China grew by 1.1%

China Life Insurance stock opened Monday at $7.36. The company has a 50-day simple moving average of $7.84 and a 200-day simple moving average of $7.91. The company has a debt ratio of 0.11, a current ratio of 8.91 and a quick ratio of 8.91. The stock has a market capitalization of $41.61 billion, a PE ratio of 5.22, a growth price-earnings ratio of 0.69 and a beta of 0.64. China Life Insurance Company Limited has a 12-month low of $6.93 and a 12-month high of $9.69.

China Life Insurance cuts dividends

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. This represents a dividend yield of 4.9%. The ex-dividend date is Wednesday, July 6.

Profile of life insurance in China

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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.

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



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