Fosun International Ltd boosted its holdings in Fanhua Inc. (NASDAQ:FANH) by 18.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,993,036 shares of the financial services provider’s stock after purchasing an additional 611,920 shares during the quarter. Fanhua comprises 5.0% of Fosun International Ltd’s holdings, making the stock its 9th largest holding. Fosun International Ltd owned 6.85% of Fanhua worth $50,192,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Northern Trust Corp grew its stake in Fanhua by 2.8% in the second quarter. Northern Trust Corp now owns 26,235 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 725 shares during the period. Greenwoods Asset Management Ltd grew its stake in Fanhua by 3.2% in the third quarter. Greenwoods Asset Management Ltd now owns 136,160 shares of the financial services provider’s stock valued at $1,712,000 after acquiring an additional 4,260 shares during the period. KCM Investment Advisors LLC grew its stake 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 valued at $200,000 after acquiring an additional 6,575 shares during the period. State Street Corp grew its stake in Fanhua by 10.0% in the second quarter. State Street Corp now owns 84,154 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 7,682 shares during the period. Finally, California Public Employees Retirement System grew its stake in Fanhua by 2.2% in the second quarter. California Public Employees Retirement System now owns 369,300 shares of the financial services provider’s stock valued at $3,161,000 after acquiring an additional 8,000 shares during the period. 15.49% of the stock is owned by hedge funds and other institutional investors.

Shares of Fanhua Inc. (NASDAQ FANH) opened at $21.59 on Wednesday. Fanhua Inc. has a one year low of $6.79 and a one year high of $23.94. The company has a market capitalization of $1,274.02, a P/E ratio of 23.27 and a beta of 1.35.

The company also recently disclosed a None dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a yield of 3.49%. Fanhua’s dividend payout ratio (DPR) is presently 10.64%.

Separately, ValuEngine cut Fanhua from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.

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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.

Institutional Ownership by Quarter for Fanhua (NASDAQ:FANH)

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