know about this China Life Insurance Company Limited (NYSE:LFC) Short Interest Update
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China Life Insurance Company Limited (NYSE: LFC – get rating) saw strong growth in short interest in June. As of June 15, there was short interest on a total of 963,500 shares, a growth of 27.7% from the May 31 total of 754,700 shares. Based on an average daily volume of 753,000 shares, the short-term interest rate is currently 1.3 days.
Several institutional investors and hedge funds have recently increased or decreased their holdings in LFC. Crossmark Global Holdings Inc. increased its stake in China Life Insurance by 1,190.3% during the first quarter. Crossmark Global Holdings Inc. now owns 1,199,151 shares of the financial services provider worth $9,102,000 after purchasing an additional 1,106,213 shares during the last quarter. LMR Partners LLP increased its holding in China Life Insurance by 668.2% during the fourth 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in China Life Insurance by 291.4% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 210,908 shares of the financial services provider worth $1,601,000 after buying an additional 157,029 shares during the last quarter. Strs Ohio increased its stake in China Life Insurance by 35.7% during the fourth quarter. Strs Ohio now owns 517,000 shares of the financial services provider worth $4,254,000 after buying an additional 136,000 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in China Life Insurance during the first quarter for approximately $1,010,000. Institutional investors and hedge funds own 8.09% of the company’s shares.
LFC opened at $8.70 on Monday. China Life Insurance has a one year minimum of $6.93 and a one year maximum of $10.00. The company has a market cap of $49.18 billion, a P/E ratio of 6.17, a PEG ratio of 0.80, and a beta of 0.72. The firm has a debt-to-equity ratio of 0.11, a quick ratio of 8.91, and a current ratio of 8.91. The company’s 50-day simple moving average is $7.62 and its 200-day simple moving average is $8.06.
China Life Insurance (NYSE: LFC – get rating) last published its quarterly earnings data on Wednesday, April 27. The financial services provider reported $0.43 EPS for the quarter. The business had revenue of $55.22 billion during the quarter. As a group, analysts predict that China Life Insurance will post 1.24 earnings per share for the current fiscal year.
The firm also recently revealed an annual dividend, to be paid on Thursday, September 1. Shareholders of record on Thursday, July 7 will receive a dividend of $0.4847. The ex-dividend date of this dividend is Wednesday, July 6. This represents a dividend yield of 4.9%.
Separately, StockNews.com raised China Life Insurance from a “hold” rating to a “buy” rating in a research report on Sunday.
China life insurance company profile (get 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 in four segments: life insurance business, health insurance business, accident insurance business, and other business. It offers critical illness protection, annuities, children/women/pension, security, life, medical, and accident protection insurance products.
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