Shares are trading at $16.67 which is marginally higher than $15.56, the stock’s 50 day moving average and a bit higher than the 200 day moving average of $15.65. The 50 day moving average went up $1.11 or +7.14% whereas the 200 day moving average was up $1.02 or +6.52%. 396K shares changed hands by the end of trading on Tuesday. Volume was down 22.00% under the stocks average daily volume.
Traders are a little more bearish on shares of the company recently if you take a look at the rise in short interest. The stock saw a rise in short interest of 24.06% as of the latest report on October 13, 2017. Short interest grew from 566,229 to 702,438 over that period. The short-interest ratio increased to 2.0 and the percentage of shorted shares is 0.00% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Rehmann Capital Advisory Group had bought 3,282 shares growing its stake by 29.2%. The value of the investment in China Life Insurance Company Li went from $173,000 to $219,000 a change of 26.6% for the reporting period. First Trust Advisors Lp grew its holdings by buying 18,671 shares an increase of 16.9% from 06/30/2017 to 09/30/2017. First Trust Advisors Lp currently owns 128,831 shares with a value of $1,939,000. The value of the position overall is up by 14.7%.
Augustine Asset Management Inc divested its position by shedding 4,091 shares a decrease of 1.4% as of 09/30/2017. Augustine Asset Management Inc now holds 285,955 shares worth $4,303,000. The total value of its holdings decreased 3.3%. Aperio Group, LLC cut its investment by shedding 11,823 shares a decrease of 2.2% in the quarter. Aperio Group, LLC controls 532,959 shares valued at $8,021,000. The value of the position overall is down by 4.0%.
On August 25 the stock rating was upgraded from “Buy” to “Buy” in a statement from Bank of America. On August 25 the company was upgraded to “Neutral” from “Neutral” in an announcement from Credit Suisse.
The company is up from yesterday’s close of $16.67. The company also announced a dividend that was paid on Friday the 11th of August 2017. The dividend was $0.043 per share for the quarter which comes to $0.17 on an annualized basis. The dividend yield was $1.04. The ex-dividend date was set for Tuesday the 13th of June 2017.
China Life Insurance Company Li’s P/E ratio is 30.59 and the market cap is 94.24B.
China Life Insurance Company Limited, launched on June 30, 2003, is a life insurance company. The Company provides a range of insurance products, including individual and group life insurance, health insurance and accident insurance products. It operates through four segments: life insurance, health insurance, accident insurance and other. Its life insurance segment offers participating and non-participating life insurance and annuities to individuals and groups. Its health insurance segment offers short-term and long-term health insurance to individuals and groups. Its accident insurance segment offers short-term and long-term accident insurance to individuals and groups. Its 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 Company has approximately 220 million individual and group life insurance policies, annuity contracts, health insurance and accident insurance policies in force..