China Life Insurance Sees Unusually High Options Volume (LFC)

China Life Insurance Company Limited (NYSE:LFC) saw some unusual options trading on Thursday. Traders acquired 3,201 put options on the company. This represents an increase of approximately 2,362% compared to the typical daily volume of 130 put options.

China Life Insurance (NYSE:LFC) opened at $15.61 on Tuesday. China Life Insurance has a fifty-two week low of $12.83 and a fifty-two week high of $17.85. The company has a quick ratio of 11.01, a current ratio of 11.01 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $88,242.41, a P/E ratio of 29.45 and a beta of 1.39.

Several hedge funds have recently bought and sold shares of LFC. Crossmark Global Holdings Inc. purchased a new stake in shares of China Life Insurance during the third quarter valued at approximately $3,617,000. Northern Trust Corp increased its position in shares of China Life Insurance by 18.0% during the second quarter. Northern Trust Corp now owns 1,473,716 shares of the financial services provider’s stock valued at $22,606,000 after acquiring an additional 225,059 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of China Life Insurance during the second quarter valued at approximately $1,884,000. Parametric Portfolio Associates LLC increased its position in shares of China Life Insurance by 7.1% during the second quarter. Parametric Portfolio Associates LLC now owns 561,245 shares of the financial services provider’s stock valued at $8,609,000 after acquiring an additional 37,198 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new stake in shares of China Life Insurance during the second quarter valued at approximately $523,000. Institutional investors own 0.29% of the company’s stock.

A number of research analysts have recently weighed in on LFC shares. Zacks Investment Research lowered China Life Insurance from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Goldman Sachs Group lowered China Life Insurance from a “buy” rating to a “neutral” rating in a report on Wednesday, December 13th. Finally, UBS Group upgraded China Life Insurance from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. China Life Insurance presently has a consensus rating of “Hold” and a consensus target price of $17.00.

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About China Life Insurance

China Life Insurance Company Limited is a life insurance company. The Company provides a range of insurance products, including individual and group life insurance, health insurance and accident insurance products. It operates through three segments: Life Insurance, Health Insurance, and Accident Insurance.

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