StockNews.com Initiates Coverage on Fanhua (NASDAQ:FANH)

Investment analysts at StockNews.com assumed coverage on shares of Fanhua (NASDAQ:FANH) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the financial services provider’s stock.

Fanhua Trading Down 7.8 %

Shares of FANH opened at $3.41 on Monday. The company has a market cap of $193.48 million, a price-to-earnings ratio of 4.67 and a beta of -0.10. Fanhua has a 12 month low of $3.38 and a 12 month high of $9.01. The business’s fifty day simple moving average is $4.79 and its two-hundred day simple moving average is $6.03.

Fanhua (NASDAQ:FANH) last issued its quarterly earnings data on Wednesday, March 20th. The financial services provider reported ($0.07) EPS for the quarter. Fanhua had a return on equity of 12.11% and a net margin of 8.67%. The firm had revenue of $84.99 million during the quarter.

Institutional Trading of Fanhua

Several large investors have recently modified their holdings of the company. Hsbc Holdings PLC grew its holdings in shares of Fanhua by 2.8% in the first quarter. Hsbc Holdings PLC now owns 73,817 shares of the financial services provider’s stock worth $543,000 after acquiring an additional 2,026 shares during the period. BlackRock Inc. lifted its position in Fanhua by 5.0% during the second quarter. BlackRock Inc. now owns 51,567 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 2,438 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Fanhua during the second quarter valued at $27,000. State Street Corp lifted its position in Fanhua by 5.9% during the first quarter. State Street Corp now owns 138,583 shares of the financial services provider’s stock valued at $1,203,000 after purchasing an additional 7,683 shares in the last quarter. Finally, Gabelli Funds LLC lifted its position in Fanhua by 63.3% during the first quarter. Gabelli Funds LLC now owns 24,500 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 9,500 shares in the last quarter. Institutional investors own 26.72% of the company’s stock.

About Fanhua

Fanhua Inc, together with its subsidiary, distributes insurance products in China. It operates through two segments, Insurance Agency and Claims Adjusting. The Insurance Agency segment provides property and casualty insurance products that primarily include individual accident, travel, homeowner, and indemnity medical insurance products; and life insurance products, such as individual health, individual whole life, individual term life, individual endowment life, and individual annuity, as well as participating insurance products.