Price Action To Observe: China Life Insurance Company Ltd. (ADR) Just Recorded A Sigfniciant Increase

Price Action To Observe: China Life Insurance Company Ltd. (ADR) Just Recorded A Sigfniciant Increase

The stock of China Life Insurance Company Ltd. (ADR) (NYSE:LFC) is a huge mover today! About 153,136 shares traded hands. China Life Insurance Company Ltd. (ADR) (NYSE:LFC) has risen 17.65% since March 3, 2016 and is uptrending. It has outperformed by 9.30% the S&P500.
The move comes after 6 months positive chart setup for the $91.31 billion company. It was reported on Oct, 6 by Barchart.com. We have $20.50 PT which if reached, will make NYSE:LFC worth $44.74B more.

China Life Insurance Company Ltd. (ADR) (NYSE:LFC) Ratings Coverage

Out of 3 analysts covering China Life Insurance Company (NYSE:LFC), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. China Life Insurance Company has been the topic of 6 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by UBS on Monday, July 18. The firm has “Neutral” rating given on Tuesday, April 19 by UBS. Jefferies upgraded the stock to “Hold” rating in Thursday, August 27 report. The firm has “Equal-Weight” rating given on Thursday, September 29 by Morgan Stanley. The rating was maintained by Bank of America with “Buy” on Thursday, August 27. The firm has “Neutral” rating by Credit Suisse given on Wednesday, August 26.

According to Zacks Investment Research, “China Life Insurance Company Limited is the leading life insurance company in China’s life insurance market. The Company provides products and services including individual life insurance, group life insurance, accident and health insurance. The Company is China’s largest life insurance company, a leading provider of annuity products and life insurance for both individuals and groups, and a leading provider of accident and health insurance. Through its controlling shareholding in the China Life Insurance Assets Management Co., Ltd., the Company became China’s largest insurance asset management company and one of the largest institutional investors in China.”

More important recent China Life Insurance Company Ltd. (ADR) (NYSE:LFC) news were published by: Marketwatch.com which released: “China Life Insurance Co. Ltd. ADR” on December 21, 2009, also Benzinga.com published article titled: “China Life Insurance Taking On Risk To Maintain Growth”, Livetradingnews.com published: “China Life Insurance Company Ltd. (ADR)(NYSE:LFC) Bullish Trend” on September 11, 2016. More interesting news about China Life Insurance Company Ltd. (ADR) (NYSE:LFC) was released by: Prnewswire.com and their article: “China Life Announces ADR Ratio Change” with publication date: May 11, 2015.

LFC Company Profile

China Life Insurance Company Limited, incorporated on June 30, 2003, is a life insurance company. The Firm provides a range of insurance products, including individual and group life insurance, health insurance and accident insurance products. It operates through four divisions: life insurance, health insurance, accident insurance and other. The Company’s life insurance segment offers participating and non-participating life insurance and annuities to individuals and groups. The Company’s health insurance segment offers short-term and long-term health insurance to individuals and groups. The Company’s accident insurance segment offers short-term and long-term accident insurance to individuals and groups. The Company’s other segment reports the results of the insurance policy management services that it provides to China Life Insurance (Group) Company (CLIC), and the sales agency services that it provides to China Life Property and Casualty Insurance Company Limited (CLPCIC), as well as the results of its associates, joint ventures and subsidiaries. The Firm has approximately 220 million individual and group life insurance policies, annuity contracts, health insurance and accident insurance policies in force.

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