Fanhua (NASDAQ:FANH) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Fanhua (NASDAQ:FANHGet Rating) in a research note released on Saturday morning. The firm issued a hold rating on the financial services provider’s stock.

Separately, Zacks Investment Research cut shares of Fanhua from a buy rating to a hold rating in a research note on Tuesday, March 1st.

Shares of NASDAQ:FANH opened at $5.57 on Friday. The company has a fifty day moving average of $6.59 and a 200-day moving average of $7.98. The company has a market capitalization of $299.08 million, a PE ratio of 7.85 and a beta of 0.62. Fanhua has a 52-week low of $5.30 and a 52-week high of $16.00.

Fanhua (NASDAQ:FANHGet Rating) last issued its quarterly earnings data on Monday, March 28th. The financial services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.19). Fanhua had a return on equity of 14.05% and a net margin of 7.63%. The business had revenue of $125.95 million during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 26th. Investors of record on Tuesday, April 12th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, April 11th. This represents a $0.60 annualized dividend and a dividend yield of 10.77%. Fanhua’s dividend payout ratio is 81.69%.

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in Fanhua by 1.2% during the third quarter. BlackRock Inc. now owns 1,004,118 shares of the financial services provider’s stock valued at $12,089,000 after acquiring an additional 12,063 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Fanhua during the third quarter valued at $491,000. American Century Companies Inc. boosted its position in Fanhua by 73.5% during the third quarter. American Century Companies Inc. now owns 20,124 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 8,523 shares during the last quarter. DGS Capital Management LLC bought a new stake in Fanhua during the first quarter valued at $108,000. Finally, Signaturefd LLC boosted its position in Fanhua by 1,496.0% during the first quarter. Signaturefd LLC now owns 11,667 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 10,936 shares during the last quarter. 25.05% of the stock is currently owned by institutional investors and hedge funds.

Fanhua Company Profile (Get Rating)

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.

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