China Life Insurance Company Limited (NYSE:LFC – Get Rating) – Equity researchers at Jefferies Financial Group raised their fiscal 2022 earnings per share estimates for China Life Insurance in a note to investors on Wednesday, June 29. Jefferies Financial Group analyst S. Chen now expects the financial services provider to earn $1.37 per share for the year, up from his previous forecast of $1.34. The consensus estimate of China Life Insurance‘s current annual profit is $1.23 per share. Jefferies Financial Group also released China Life Insurance earnings estimates for fiscal year 2023 at $1.77 EPS.
Separately, StockNews.com downgraded China Life Insurance from a “buy” rating to a “hold” rating in a Saturday, June 25 report.
LFC stock opened at $8.70 on Thursday. The company has a current ratio of 8.91, a quick ratio of 8.91 and a debt ratio of 0.11. China Life Insurance has a 1 year minimum of $6.93 and a 1 year maximum of $10.00. The stock has a 50-day simple moving average of $7.62 and a 200-day simple moving average of $8.06.
China Life Insurance (NYSE:LFC – Get Rating) last released its results on Wednesday, April 27. The financial services provider reported EPS of $0.43 for the quarter. The company had revenue of $55.22 billion in the quarter. China Life Insurance achieved a return on equity of 11.13% and a net margin of 6.41%.
A number of institutional investors and hedge funds have recently bought and sold shares of LFC. PNC Financial Services Group Inc. increased its stake in China Life Insurance shares by 22.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,011 shares of the financial services provider worth $61,000 after acquiring 1,472 additional shares in the last quarter. Advisor Group Holdings Inc. increased its position in China Life Insurance shares by 18.3% in the first quarter. Advisor Group Holdings Inc. now owns 9,190 shares of the financial services provider worth $70,000 after purchasing an additional 1,420 shares during the period. Fox Run Management LLC acquired a new stake in shares of China Life Insurance in the first quarter worth $76,000. Fieldpoint Private Securities LLC increased its position in China Life Insurance shares by 8,265.2% in the fourth quarter. Fieldpoint Private Securities LLC now owns 9,620 shares of the financial services provider worth $79,000 after purchasing an additional 9,505 shares during the period. Finally, Evergreen Capital Management LLC acquired a new stake in China Life Insurance during the first quarter at a value of $87,000. Hedge funds and other institutional investors own 8.09% of the company’s shares.
The company also recently declared 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 per share. This represents a dividend yield of 4.9%. The ex-dividend date is Wednesday, July 6.
About Life Insurance in China (Get a rating)
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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