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Northwestern Mutual Wealth Management Co. Grows Stock Position in China Life Insurance Company Limited (NYSE:LFC)

Northwestern Mutual Wealth Management Co. boosted its stake in shares of China Life Insurance Company Limited (NYSE:LFCGet Rating) by 33.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 16,341 shares of the financial services provider’s stock after buying an additional 4,090 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in China Life Insurance were worth $124,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Qube Research & Technologies Ltd bought a new position in China Life Insurance in the 1st quarter valued at $1,010,000. Advisor Group Holdings Inc. grew its position in China Life Insurance by 18.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,190 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 1,420 shares during the last quarter. Manchester Financial Inc. bought a new position in China Life Insurance in the 1st quarter valued at $88,000. Envestnet Asset Management Inc. grew its position in China Life Insurance by 67.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 98,605 shares of the financial services provider’s stock valued at $748,000 after acquiring an additional 39,739 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in China Life Insurance by 19.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 25,058 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 8.09% of the company’s stock.

China Life Insurance Price Performance

LFC opened at $7.29 on Friday. China Life Insurance Company Limited has a 12-month low of $6.93 and a 12-month high of $9.69. The company has a current ratio of 8.91, a quick ratio of 8.91 and a debt-to-equity ratio of 0.11. The business’s fifty day simple moving average is $7.70 and its 200-day simple moving average is $7.76. The company has a market capitalization of $41.21 billion, a price-to-earnings ratio of 4.96, a PEG ratio of 0.68 and a beta of 0.64.

China Life Insurance Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on LFC shares. StockNews.com downgraded China Life Insurance from a “buy” rating to a “hold” rating in a research report on Monday, August 15th. JPMorgan Chase & Co. raised China Life Insurance from a “neutral” rating to an “overweight” rating in a research report on Friday, August 5th.

About China Life Insurance

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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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