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

StockNews.com assumed coverage on shares of Fanhua (NASDAQ:FANHGet Rating) in a research note issued to investors on Sunday. 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 research report on Tuesday, March 1st.

Shares of Fanhua stock opened at $5.33 on Friday. The stock’s fifty day moving average is $6.47 and its two-hundred day moving average is $7.81. The company has a market capitalization of $286.19 million, a PE ratio of 7.51 and a beta of 0.62. Fanhua has a 52 week low of $5.03 and a 52 week high of $16.00.

Fanhua (NASDAQ:FANHGet Rating) last announced its quarterly earnings data 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 institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in Fanhua by 6.4% during the fourth 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 during the period. Morgan Stanley grew its holdings in Fanhua by 0.4% in the third quarter. Morgan Stanley now owns 1,639,502 shares of the financial services provider’s stock valued at $19,739,000 after purchasing an additional 6,026 shares during the period. BlackRock Inc. grew its holdings in Fanhua by 7.7% in the first quarter. BlackRock Inc. now owns 1,090,051 shares of the financial services provider’s stock valued at $7,936,000 after purchasing an additional 77,719 shares during the period. UBS Group AG grew its holdings in Fanhua by 62.2% in the third quarter. UBS Group AG now owns 395,389 shares of the financial services provider’s stock valued at $4,760,000 after purchasing an additional 151,631 shares during the period. Finally, State Street Corp grew its holdings in Fanhua by 5.4% in the first quarter. State Street Corp now owns 339,938 shares of the financial services provider’s stock valued at $2,475,000 after purchasing an additional 17,562 shares during the period. Institutional investors own 25.05% of the company’s stock.

About Fanhua (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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