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

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

Fanhua Price Performance

The business’s fifty day moving average is $1.40 and its 200-day moving average is $2.15. Fanhua has a 1 year low of $1.04 and a 1 year high of $7.48. The firm has a market capitalization of $86.76 million, a price-to-earnings ratio of 2.10 and a beta of -0.06.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fanhua stock. Dimensional Fund Advisors LP grew its stake in shares of Fanhua Inc. (NASDAQ:FANH) by 11.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission. 26.72% of the stock is currently owned by hedge funds and other institutional investors.

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.