Shares of China Life Insurance Company Limited American Depositary Shares (NYSE:LFC) traded today at $8.82, breaking its 52-week low. So far today approximately 174,000 shares have been exchanged, as compared to an average 30-day volume of 936,000 shares.
In the past 52 weeks, shares of China Life Insurance Company Limited American Depositary Shares have traded between the current low of $8.82 and a high of $12.99 and is now at $8.82.
Headquartered in Beijing and commanding around 20% share, China Life Insurance is the largest life insurance company in China. The firm offers group and individual life insurance through exclusive agents, bancassurance, and other marketing platforms. While the bulk of profits stem from life insurance policies, additional operations include short-term policies such as accident and health insurance. The company is currently undergoing a business transformation toward the sale of long-term protection products and away from short-term and single-premium products.
Potential upside of 7.1% exists for China Life Insurance Company Limited American Depositary Shares, based on a current level of $8.82 and analysts’ average consensus price target of $9.45.
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