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.

Receive News & Ratings for Fanhua Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fanhua and related companies with's FREE daily email newsletter.

Leave a Reply