BidaskClub Lowers Fanhua (FANH) to Hold

BidaskClub downgraded shares of Fanhua (NASDAQ:FANH) from a buy rating to a hold rating in a report issued on Thursday.

A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Fanhua from $32.00 to $38.00 and gave the stock an overweight rating in a research note on Wednesday, May 23rd. ValuEngine upgraded shares of Fanhua from a hold rating to a buy rating in a research note on Wednesday, May 2nd.

Shares of Fanhua opened at $28.50 on Thursday, MarketBeat Ratings reports. The stock has a market cap of $1.66 billion, a P/E ratio of 23.36 and a beta of 1.67. Fanhua has a 12 month low of $8.21 and a 12 month high of $38.24.

Fanhua (NASDAQ:FANH) last issued its quarterly earnings results on Monday, May 21st. The financial services provider reported $0.32 EPS for the quarter. The company had revenue of $134.44 million for the quarter. Fanhua had a net margin of 14.10% and a return on equity of 12.98%.

The business also recently announced a quarterly dividend, which was paid on Monday, June 11th. Shareholders of record on Monday, June 4th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 1st. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%.

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new position in Fanhua in the 1st quarter worth about $247,000. First Trust Advisors LP purchased a new stake in shares of Fanhua in the 4th quarter worth approximately $276,000. Sensato Investors LLC purchased a new stake in shares of Fanhua in the 4th quarter worth approximately $361,000. Yiheng Capital LLC purchased a new stake in shares of Fanhua in the 1st quarter worth approximately $391,000. Finally, Guggenheim Capital LLC lifted its position in shares of Fanhua by 34.5% in the 4th quarter. Guggenheim Capital LLC now owns 18,719 shares of the financial services provider’s stock worth $404,000 after purchasing an additional 4,803 shares during the period. Institutional investors and hedge funds own 25.30% of the company’s stock.

Fanhua Company Profile

Fanhua Inc distributes insurance products in China. It operates through three segments: Insurance Agency, Insurance Brokerage; and Claims Adjusting. The Insurance Agency segment provides property and casualty insurance products, including automobile, individual accident, travel, disability income, commercial property, construction, and other property and casualty products; and life insurance products that consist of individual whole life, individual term life, individual endowment life, and individual education annuity, as well as group life and participating insurance products.

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