Fanhua (NASDAQ:FANH) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Fanhua (NASDAQ:FANHGet Rating) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the financial services provider’s stock.

Separately, Zacks Investment Research downgraded shares of Fanhua from a “buy” rating to a “hold” rating in a research report on Tuesday, March 1st.

Shares of NASDAQ FANH opened at $6.61 on Friday. The company has a market capitalization of $354.92 million, a P/E ratio of 9.31 and a beta of 0.62. Fanhua has a 52-week low of $5.30 and a 52-week high of $16.00. The company’s 50 day moving average price is $6.73 and its 200-day moving average price is $8.36.

Fanhua (NASDAQ:FANHGet Rating) last released its earnings results on Monday, March 28th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.19). Fanhua had a net margin of 7.63% and a return on equity of 14.05%. The company had revenue of $125.95 million for the quarter.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of Fanhua by 6.4% in the 4th quarter. Bank of America Corp DE now owns 2,719,838 shares of the financial services provider’s stock worth $19,800,000 after acquiring an additional 163,322 shares in the last quarter. Morgan Stanley grew its stake in shares of Fanhua by 0.4% in the 3rd quarter. Morgan Stanley now owns 1,639,502 shares of the financial services provider’s stock worth $19,739,000 after acquiring an additional 6,026 shares in the last quarter. BlackRock Inc. grew its stake in shares of Fanhua by 7.7% in the 1st quarter. BlackRock Inc. now owns 1,090,051 shares of the financial services provider’s stock worth $7,936,000 after acquiring an additional 77,719 shares in the last quarter. UBS Group AG grew its stake in shares of Fanhua by 62.2% in the 3rd quarter. UBS Group AG now owns 395,389 shares of the financial services provider’s stock worth $4,760,000 after acquiring an additional 151,631 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Fanhua by 382.2% in the 3rd quarter. Millennium Management LLC now owns 124,211 shares of the financial services provider’s stock worth $1,496,000 after acquiring an additional 98,454 shares in the last quarter. Hedge funds and other institutional investors own 25.05% of the company’s stock.

Fanhua Company Profile (Get Rating)

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.

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