Research analysts at StockNews.com started coverage on shares of Fanhua (NASDAQ:FANH - Get Free Report) in a research report issued on Monday. The firm set a "hold" rating on the financial services provider's stock.
Fanhua Stock Performance
Shares of NASDAQ:FANH traded down $0.34 during midday trading on Monday, reaching $3.70. The company's stock had a trading volume of 28,380 shares, compared to its average volume of 21,328. The firm has a market capitalization of $209.94 million, a price-to-earnings ratio of 5.07 and a beta of -0.10. The firm has a 50 day moving average price of $4.84 and a two-hundred day moving average price of $6.05. Fanhua has a fifty-two week low of $3.70 and a fifty-two week high of $9.01.
Fanhua (NASDAQ:FANH - Get Free Report) last posted its quarterly earnings results on Wednesday, March 20th. The financial services provider reported ($0.07) earnings per share for the quarter. Fanhua had a return on equity of 12.11% and a net margin of 8.67%. The firm had revenue of $84.99 million for the quarter.
Hedge Funds Weigh In On Fanhua
Several institutional investors have recently modified their holdings of the business. Invesco Ltd. purchased a new stake in shares of Fanhua during the third quarter worth $224,000. State Street Corp lifted its position in shares of Fanhua by 6.4% during the second quarter. State Street Corp now owns 147,405 shares of the financial services provider's stock worth $1,225,000 after acquiring an additional 8,822 shares in the last quarter. BlackRock Inc. lifted its position in shares of Fanhua by 5.0% during the second quarter. BlackRock Inc. now owns 51,567 shares of the financial services provider's stock worth $429,000 after acquiring an additional 2,438 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Fanhua during the second quarter worth $27,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Fanhua by 4.5% during the third quarter. Dimensional Fund Advisors LP now owns 515,624 shares of the financial services provider's stock worth $2,659,000 after acquiring an additional 22,356 shares in the last quarter. 26.72% of the stock is owned by institutional investors.
Fanhua Company Profile
(
Get Free Report)
Fanhua Inc, together with its subsidiary, distributes insurance products in China. It operates through two segments, Insurance Agency and Claims Adjusting. The Insurance Agency segment provides property and casualty insurance products that primarily include individual accident, travel, homeowner, and indemnity medical insurance products; and life insurance products, such as individual health, individual whole life, individual term life, individual endowment life, and individual annuity, as well as participating insurance products.
Featured Stories
Before you consider Fanhua, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fanhua wasn't on the list.
While Fanhua currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
