China Life Insurance Company Limited (LFC) Receives Analyst Rating

China Life Insurance Company Limited (LFC) : Zacks Investment Research ranks China Life Insurance Company Limited (LFC) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 2 research analysts is 1, which indicates as a Strong Buy.

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Also, Equity Analysts at the Brokerage Firm, UBS, upgrades their rating on the shares of China Life Insurance Company Limited (NYSE:LFC). UBS has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on July 18, 2016.

China Life Insurance Company Limited (NYSE:LFC): After opening at $13.26, the stock dipped to an intraday low of $13.24 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.48 and the buying power remained strong till the end. The stock closed at $13.41 for the day, a gain of 4.11% for the day session. The total traded volume was 631,087. The stocks close on the previous trading day was $12.88.

China Life Insurance Company Limited is a life insurance company. The Company and its subsidiaries are principally engaged in providing individual and group life insurance, annuity products, and accident and health insurance in China. It operates in five operating segments: Individual life insurance business, which relates to the sale of long-term insurance contracts and universal contracts; Group life insurance business, which relates to the sale of long-term insurance contracts and investment contracts; Short-term insurance business, which relates primarily to the sale of short-term insurance contracts; Supplementary major medical insurance business, which relates primarily to the sale of supplementary major medical insurance contracts, and Other businesses.

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