China Life Insurance Company Limited (LFC)

What is China Life Insurance Company (LFC)?

China Life Insurance Company Limited (LFC), operates as a life insurance company in the People's Republic of China. The Company provides a range of insurance products, including individual and group life insurance, health insurance and accident insurance products. It operates in four segments: Life Insurance Business, Health Insurance Business, Accident Insurance Business, and Other Businesses. The company was founded in 1949 and is based in Beijing.

LFC, is it a good pick?

China Life Insurance was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors recently. It has a market capitalization of $105.27 billion. In August the company reported net profit attributable to equity holders of the Company was RMB40,975 million, an increase of 34.2% year on year.

Technical analysis

From Oct 1st to Oct 21st the share price went up 14.11% to a price of $9.19. From Oct 21st to Jan 3rd the share price dropped -9.91% to a price of $8.30. The MACD shows the stock still at a positive tendency and the RSI is near the neutral zone. The price could keep rising around 3.77% to trade around $8.60 in the short term.