Notable 13F Reporting: China Life Ins Co LTD (LFC) Shareholder Segantii Capital Management LTD Has Increased Holding as Shares Declined

Notable 13F Reporting: China Life Ins Co LTD (LFC) Shareholder Segantii Capital Management LTD Has Increased Holding as Shares Declined

Simon Sadler increased its stake in China Life Ins Co Ltd (LFC) by 740.53% based on its latest 2016Q2 regulatory filing with the SEC. Segantii Capital Management Ltd bought 837,535 shares as the company’s stock declined 9.88% while stock markets rallied. The hedge fund run by Simon Sadler held 950,635 shares of the life insurance company at the end of 2016Q2, valued at $10.18M, up from 113,100 at the end of the previous reported quarter. Segantii Capital Management Ltd who had been investing in China Life Ins Co Ltd for a number of months, seems to be bullish on the $104.87B market cap company. The stock is down 1.98% or $0.29 hitting $14.34, despite the positive news. About 145,536 shares traded hands. China Life Insurance Company Ltd. (ADR) (NYSE:LFC) has risen 22.73% since April 25, 2016 and is uptrending. It has outperformed by 16.72% the S&P500.

More recent China Life Insurance Company Ltd. (ADR) (NYSE:LFC) news were published by: Marketwatch.com which released: “China Life Insurance Co. Ltd. ADR” on December 21, 2009. Also Benzinga.com published the news titled: “China Life Insurance Taking On Risk To Maintain Growth” on September 29, 2016. Prnewswire.com‘s news article titled: “China Life Announces ADR Ratio Change” with publication date: May 11, 2015 was also an interesting one.

According to Zacks Investment Research, “China Life Insurance Company Limited is the leading life insurance company in China’s life insurance market. The Company provides products and services including individual life insurance, group life insurance, accident and health insurance. The Company is China’s largest life insurance company, a leading provider of annuity products and life insurance for both individuals and groups, and a leading provider of accident and health insurance. Through its controlling shareholding in the China Life Insurance Assets Management Co., Ltd., the Company became China’s largest insurance asset management company and one of the largest institutional investors in China.”

Out of 3 analysts covering China Life Insurance Company (NYSE:LFC), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. China Life Insurance Company has been the topic of 6 analyst reports since August 26, 2015 according to StockzIntelligence Inc. Bank of America maintained it with “Buy” rating and $23 target price in Thursday, August 27 report. Morgan Stanley downgraded China Life Insurance Company Ltd. (ADR) (NYSE:LFC) on Thursday, September 29 to “Equal-Weight” rating. UBS upgraded the stock to “Buy” rating in Monday, July 18 report. As per Tuesday, April 19, the company rating was downgraded by UBS. Credit Suisse upgraded China Life Insurance Company Ltd. (ADR) (NYSE:LFC) on Wednesday, August 26 to “Neutral” rating. The company was upgraded on Thursday, August 27 by Jefferies.

China Life Insurance Company Limited, incorporated on June 30, 2003, is a life insurance company. The Firm provides a range of insurance products, including individual and group life insurance, health insurance and accident insurance products. It operates through four divisions: life insurance, health insurance, accident insurance and other. The Company’s life insurance segment offers participating and non-participating life insurance and annuities to individuals and groups. The Company’s health insurance segment offers short-term and long-term health insurance to individuals and groups. The Company’s accident insurance segment offers short-term and long-term accident insurance to individuals and groups. The Company’s other segment reports the results of the insurance policy management services that it provides to China Life Insurance (Group) Company (CLIC), and the sales agency services that it provides to China Life Property and Casualty Insurance Company Limited (CLPCIC), as well as the results of its associates, joint ventures and subsidiaries. The Firm has approximately 220 million individual and group life insurance policies, annuity contracts, health insurance and accident insurance policies in force.

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