Shares of China Life Insurance Company Limited American Depositary Shares (NYSE:LFC) traded today at $9.19, breaking its 52-week low. Approximately 481,000 shares have changed hands today, as compared to an average 30-day volume of 798,000 shares.
Over the past year, China Life Insurance Company Limited American Depositary Shares has traded in a range of $9.19 to $13.63 and is now at $9.22.
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.
China Life Insurance Company Limited American Depositary Shares has overhead space with shares priced $9.22, or 8.9% below the average consensus analyst price target of $10.12.
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