China Life Insurance Company Limited (NYSE: LFC – Get Rating) announced an annual dividend on Thursday, June 23, according to the Wall Street Journal. The record shareholders on Thursday, July 7, will receive a dividend of 0.4847 per share from the financial service provider on Thursday, September 1. This represents a return of 4.9%. The date of the former dividend of this dividend is Wednesday, July 6.
China Life Insurance has a dividend payout ratio of 30.4%, which shows that its dividend is sufficiently covered by income. Share analysts expect China Life Insurance to earn $ 1.70 per share next year, which means the company should continue to be able to cover its annual dividend of $ 0.49 with an expected future payout ratio of 28.8%.
The NYSE LFC traded up $ 0.17 during trading on Thursday, reaching $ 8.50. 1,105,577 shares of the company’s shares were exchanged at an average volume of 765,230 shares. The business has a 50-day moving average price of $ 7.49 and a 200-day moving average price of $ 8.05. The shares have a market capitalization of $ 48.05 billion, a P / E ratio of 5.99, a PEG ratio of 0.78 and a beta ratio of 0.87. The company has a debt to equity ratio of 0.11, a current ratio of 8.91 and a fast ratio of 8.91. China Life Insurance has the lowest value for fifty-two weeks of $ 6.93 and the highest of fifty-two weeks of $ 10.22.
China Life Insurance (NYSE: LFC – Get Rating) last announced its results for the quarterly earnings on Wednesday, April 27. The financial services provider reported $ 0.43 earnings per share for the quarter. The company had revenue of $ 55.22 billion for the quarter. China Life Insurance has a return on equity of 11.13% and a net profit of 6.41%. On average, analysts predict that China Life Insurance will report 1.23 earnings per share for the current year.
Institutional investors recently bought and sold shares in the company. Virtu Financial LLC acquired a new position in China Life Insurance in the first quarter worth $ 99,000. Evergreen Capital Management LLC bought a new position in shares of China Life Insurance in the first quarter worth $ 87,000. Guggenheim Capital LLC increased its position in shares of China Life Insurance by 22.7% in the first quarter. Guggenheim Capital LLC now owns 86,049 shares of the financial services provider’s shares worth $ 653,000 after purchasing an additional 15,903 shares during the period. Goldman Sachs Group Inc. increased its position in shares of China Life Insurance by 27.2% in the first quarter. Goldman Sachs Group Inc. already owns 306,456 shares of the financial service provider’s shares worth $ 2,326,000 after purchasing an additional 65,532 shares during the period. Finally, Wetherby Asset Management Inc. increased its position in shares of China Life Insurance by 92.0% in the first quarter. Wetherby Asset Management Inc. already owns 26,625 shares of the financial service provider’s shares worth $ 202,000 after purchasing an additional 12,760 shares during the period. 8.09% of the shares are currently owned by institutional investors.
Separately, StockNews.com downgraded China Life Insurance from a “buy” rating to a “retention” rating in a research report on Thursday, June 16th.
About Chinese Life Insurance (Get an estimate)
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 protection against critical illness, annuities, children / women / pensions, security, life, medical and insurance products for accident protection.
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