Shares of China Life Insurance Company Limited American Depositary Shares (NYSE:LFC) traded today at $8.73, breaking its 52-week low. So far today approximately 685,000 shares have been exchanged, as compared to an average 30-day volume of 916,000 shares.
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.
In the past 52 weeks, China Life Insurance Company Limited American Depositary Shares share prices are bracketed by a current low of $8.73 and a high of $12.99 and is now at $8.73.
Potential upside of 2.1% exists for China Life Insurance Company Limited American Depositary Shares, based on a current level of $8.73 and analysts’ average consensus price target of $8.91.
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