Fanhua (NASDAQ:FANH) Rating Increased to Hold at StockNews.com

Fanhua (NASDAQ:FANH) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

Fanhua Stock Performance

Shares of FANH stock opened at $1.42 on Tuesday. The firm’s 50 day moving average price is $1.35 and its two-hundred day moving average price is $2.54. Fanhua has a 52-week low of $1.04 and a 52-week high of $7.54. The stock has a market cap of $80.52 million, a PE ratio of 1.95 and a beta of -0.07.

Institutional Investors Weigh In On Fanhua

A hedge fund recently raised its position in Fanhua stock. Dimensional Fund Advisors LP raised its stake in shares of Fanhua Inc. (NASDAQ:FANH) by 11.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 466,320 shares of the financial services provider’s stock after buying an additional 48,383 shares during the quarter. Dimensional Fund Advisors LP owned about 0.82% of Fanhua worth $930,000 at the end of the most recent reporting period. 26.72% of the stock is owned by institutional investors and hedge funds.

Fanhua Company Profile

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.