Fanhua Inc. (FANH) Downgraded by ValuEngine
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.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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