CNinsure Inc. (CISG) to Release Earnings on Monday
CNinsure Inc. (NASDAQ:CISG) is scheduled to release its earnings data after the market closes on Monday, November 21st.
Shares of CNinsure Inc. (NASDAQ:CISG) traded down 0.23% during mid-day trading on Friday, reaching $8.56. 4,835 shares of the company traded hands. CNinsure Inc. has a 52-week low of $6.19 and a 52-week high of $10.40. The stock has a market capitalization of $496.25 million, a price-to-earnings ratio of 24.18 and a beta of 0.67. The company’s 50 day moving average is $8.18 and its 200 day moving average is $7.84.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. D. E. Shaw & Co. Inc. increased its position in shares of CNinsure by 33.7% in the third quarter. D. E. Shaw & Co. Inc. now owns 72,288 shares of the company’s stock worth $557,000 after buying an additional 18,215 shares during the period. Two Sigma Advisers LP boosted its stake in shares of CNinsure by 32.6% in the third quarter. Two Sigma Advisers LP now owns 52,900 shares of the company’s stock worth $407,000 after buying an additional 13,000 shares in the last quarter. KCG Holdings Inc. bought a new stake in shares of CNinsure during the third quarter worth $100,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of CNinsure by 6,168.7% in the third quarter. JPMorgan Chase & Co. now owns 20,812 shares of the company’s stock worth $160,000 after buying an additional 20,480 shares in the last quarter. Institutional investors and hedge funds own 10.58% of the company’s stock.
Separately, TheStreet downgraded CNinsure from a “buy” rating to a “hold” rating in a research note on Tuesday, October 18th.
CNinsure Inc (CNinsure) is an independent online-to-offline financial services provider in China. The Company distributes a range of property, casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China to individual and institutional customers, and provides insurance claims adjusting services.
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