China Life Insurance Company Ltd. (ADR) (LFC) was Downgraded by Morgan Stanley to ” Equal-Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. Morgan Stanley advised their investors in a research report released on Sep 29, 2016.
China Life Insurance Company Ltd. (ADR) opened for trading at $13.28 and hit $13.38 on the upside on Tuesday, eventually ending the session at $13.34, with a gain of 2.07% or 0.27 points. The heightened volatility saw the trading volume jump to 5,76,016 shares. Company has a market cap of $75,410 M.
China Life Insurance Company Limited is a life insurance company. The Company and its subsidiaries are principally engaged in providing individual and group life insurance annuity products and accident and health insurance in China. It operates in five operating segments: Individual life insurance business which relates to the sale of long-term insurance contracts and universal contracts; Group life insurance business which relates to the sale of long-term insurance contracts and investment contracts; Short-term insurance business which relates primarily to the sale of short-term insurance contracts; Supplementary major medical insurance business which relates primarily to the sale of supplementary major medical insurance contracts and Other businesses.