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

StockNews.com initiated coverage on shares of Fanhua (NASDAQ:FANH – Get Rating) in a report issued on Saturday. The brokerage set a “hold” rating on the financial services provider’s stock.

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

NASDAQ FANH opened at $6.21 on Friday. The stock’s fifty day moving average is $6.63 and its two-hundred day moving average is $8.16. The firm has a market capitalization of $333.45 million, a P/E ratio of 8.75 and a beta of 0.62. Fanhua has a fifty-two week low of $5.30 and a fifty-two week high of $16.00.

Fanhua (NASDAQ:FANH – Get Rating) last announced its quarterly earnings results on Monday, March 28th. The financial services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.19). Fanhua had a net margin of 7.63% and a return on equity of 14.05%. The business had revenue of $125.95 million during the quarter.

A number of hedge funds and other institutional investors have recently modified their holdings of FANH. Gabelli Funds LLC boosted its position in shares of Fanhua by 63.3% during the 1st quarter. Gabelli Funds LLC now owns 24,500 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 9,500 shares in the last quarter. State Street Corp boosted its position in shares of Fanhua by 5.4% during the 1st quarter. State Street Corp now owns 339,938 shares of the financial services provider’s stock worth $2,475,000 after acquiring an additional 17,562 shares in the last quarter. Invesco Ltd. boosted its position in shares of Fanhua by 59.1% during the 1st quarter. Invesco Ltd. now owns 40,687 shares of the financial services provider’s stock worth $296,000 after acquiring an additional 15,109 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Fanhua by 2.8% during the 1st 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 in the last quarter. Finally, Penserra Capital Management LLC acquired a new position in shares of Fanhua during the 1st quarter worth about $133,000. 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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