ValuEngine cut shares of Fanhua Inc. (NASDAQ:FANH) from a buy rating to a hold rating in a research note released on Monday.

Shares of Fanhua (NASDAQ FANH) traded up 3.91% during midday trading on Monday, hitting $13.82. The company had a trading volume of 199,980 shares. The company has a 50-day moving average of $10.39 and a 200-day moving average of $9.15. The company has a market capitalization of $851.28 million, a PE ratio of 17.30 and a beta of 1.07. Fanhua has a 12 month low of $6.79 and a 12 month high of $13.98.

Fanhua (NASDAQ:FANH) last issued its quarterly earnings data on Monday, August 21st. The financial services provider reported $0.32 earnings per share for the quarter. The company had revenue of $149.42 million during the quarter. Fanhua had a return on equity of 8.96% and a net margin of 6.08%. Analysts predict that Fanhua will post $0.81 earnings per share for the current year.

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Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new position in Fanhua in the second quarter worth approximately $107,000. KCM Investment Advisors LLC grew its position in Fanhua by 39.1% in the second quarter. KCM Investment Advisors LLC now owns 23,374 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 6,575 shares during the period. Citigroup Inc. purchased a new position in Fanhua in the second quarter worth approximately $207,000. Northern Trust Corp grew its position in Fanhua by 2.8% in the second quarter. Northern Trust Corp now owns 26,235 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 725 shares during the period. Finally, Oxford Asset Management grew its position in Fanhua by 105.5% in the first quarter. Oxford Asset Management now owns 55,324 shares of the financial services provider’s stock worth $477,000 after acquiring an additional 28,407 shares during the period. Institutional investors own 14.27% of the company’s stock.

Fanhua Company Profile

Fanhua Inc, formerly CNinsure Inc, 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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