Pinnacle Wealth Planning Services Inc. raised its position in China Life Insurance Company Limited (NYSE:LFC – Get Rating) by 16.4% during the first quarter, Holdings Channel reports. The fund owned 13,718 shares of the financial services provider’s stock after acquiring an additional 1,935 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in China Life Insurance were worth $104,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of LFC. LMR Partners LLP lifted its holdings in China Life Insurance by 668.2% in the fourth quarter. LMR Partners LLP now owns 330,322 shares of the financial services provider’s stock valued at $2,737,000 after acquiring an additional 287.321 shares during the period. Strs Ohio lifted its holdings in China Life Insurance by 35.7% in the fourth quarter. Strs Ohio now owns 517,000 shares of the financial services provider‘s stock valued at $4,254,000 after acquiring an additional 136,000 shares during the period. American Century Companies Inc. lifted its holdings in China Life Insurance by 37.1% in the fourth quarter. American Century Companies Inc. now owns 207,406 shares of the financial services provider’s stock valued at $1,707,000 after acquiring an additional 56.088 shares during the period. Schonfeld Strategic Advisors LLC lifted its holdings in China Life Insurance by 149.3% in the third quarter. Schonfeld Strategic Advisors LLC now owns 85,000 shares of the financial services provider’s stock valued at $693,000 after acquiring an additional 50,900 shares during the period. Finally, West Family Investments Inc. lifted its holdings in China Life Insurance by 368.0% in the fourth quarter. West Family Investments Inc. now owns 58,582 shares of the financial services provider’s stock valued at $482,000 after acquiring an additional 46,064 shares during the period. 8.09% of the stock is currently owned by institutional investors.

NYSE LFC opened at $8.70 on Monday. The stock’s 50-day moving average price is $7.62 and its 200-day moving average price is $8.06. The company has a quick ratio of 8.91, a current ratio of 8.91 and a debt-to-equity ratio of 0.11. China Life Insurance Company Limited has a 52 week low of $6.93 and a 52 week high of $10.00. The company has a market capitalization of $49.18 billion, a P/E ratio of 6.17, a price-to-earnings-growth ratio of 0.80 and a beta of 0.72.

China Life Insurance (NYSE:LFC – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $0.43 EPS for the quarter. The company had revenue of $55.22 billion during the quarter. Research analysts anticipate that China Life Insurance Company Limited will post 1.24 EPS for the current year.

The business also recently disclosed an annual dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, July 7th will be paid a $0.4847 dividend. This represents a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, July 6th.

separately, StockNews.com raised China Life Insurance from a “hold” rating to a “buy” rating in a report on Sunday.

China Life Insurance 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 Businesses. It offers critical illness protection, annuity, children/women/pension, security, life, medical, and accident protection insurance products.

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