Fanhua (NASDAQ:FANH) Earns Hold Rating from Analysts at StockNews.com

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

Fanhua Stock Performance

Shares of Fanhua stock opened at $4.05 on Monday. The company has a market capitalization of $229.79 million, a P/E ratio of 5.55 and a beta of -0.10. The company has a fifty day moving average of $4.89 and a 200 day moving average of $6.08. Fanhua has a fifty-two week low of $4.00 and a fifty-two week high of $9.30.

Fanhua (NASDAQ:FANH) last announced its quarterly earnings results on Wednesday, March 20th. The financial services provider reported ($0.07) EPS for the quarter. The company had revenue of $84.99 million during the quarter. Fanhua had a return on equity of 12.11% and a net margin of 8.67%.

Hedge Funds Weigh In On Fanhua

Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in shares of Fanhua during the second quarter valued at approximately $27,000. ExodusPoint Capital Management LP bought a new position in shares of Fanhua during the second quarter valued at approximately $69,000. Jane Street Group LLC purchased a new stake in Fanhua during the second quarter valued at approximately $96,000. Penserra Capital Management LLC purchased a new stake in Fanhua during the first quarter valued at approximately $133,000. Finally, Gabelli Funds LLC lifted its position in Fanhua by 63.3% during the first quarter. Gabelli Funds LLC now owns 24,500 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 9,500 shares during the last quarter. 26.72% of the stock is currently owned by 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.