Augustine Asset Management Inc. reduced its position in shares of China Life Insurance Co. (NYSE:LFC) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 191,665 shares of the company’s stock after selling 1,435 shares during the period. China Life Insurance accounts for 1.8% of Augustine Asset Management Inc.’s portfolio, making the stock its 19th largest position. Augustine Asset Management Inc.’s holdings in China Life Insurance were worth $2,506,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its position in shares of China Life Insurance by 2.8% in the second quarter. Advisors Asset Management Inc. now owns 15,500 shares of the company’s stock worth $167,000 after buying an additional 426 shares during the period. Private Bank & Trust Co. increased its position in shares of China Life Insurance by 27.9% in the second quarter. Private Bank & Trust Co. now owns 15,423 shares of the company’s stock worth $166,000 after buying an additional 3,366 shares during the period. World Asset Management Inc increased its position in shares of China Life Insurance by 8.3% in the second quarter. World Asset Management Inc now owns 92,112 shares of the company’s stock worth $991,000 after buying an additional 7,068 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of China Life Insurance by 5.8% in the second quarter. BNP Paribas Arbitrage SA now owns 133,724 shares of the company’s stock worth $1,439,000 after buying an additional 7,317 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of China Life Insurance by 28.1% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,080 shares of the company’s stock worth $421,000 after buying an additional 8,561 shares during the period. 0.29% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for China Life Insurance (NYSE:LFC)

Shares of China Life Insurance Co. (NYSE:LFC) traded up 1.68% during mid-day trading on Wednesday, hitting $14.50. 513,566 shares of the company traded hands. China Life Insurance Co. has a one year low of $10.07 and a one year high of $17.45. The firm has a 50-day moving average of $12.97 and a 200-day moving average of $12.04. The stock has a market capitalization of $82.60 billion, a price-to-earnings ratio of 40.28 and a beta of 1.34.

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A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of China Life Insurance from a “hold” rating to a “sell” rating in a research report on Tuesday, November 22nd. HSBC raised shares of China Life Insurance from a “reduce” rating to a “hold” rating in a research report on Tuesday, September 27th. Morgan Stanley downgraded shares of China Life Insurance from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 29th. Finally, Goldman Sachs Group Inc. raised shares of China Life Insurance from a “buy” rating to a “conviction-buy” rating in a report on Wednesday, November 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.00.

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 four segments: life insurance, health insurance, accident insurance and other.

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