Shares of Fanhua Inc. (NASDAQ:FANH) have been assigned an average broker rating score of 0.00 () from the zero analysts that cover the stock, Zacks Investment Research reports.
Zacks has also assigned Fanhua an industry rank of 213 out of 265 based on the ratings given to its competitors.
Separately, ValuEngine cut Fanhua from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Guggenheim Capital LLC purchased a new position in shares of Fanhua during the fourth quarter worth $134,000. Oxford Asset Management raised its position in shares of Fanhua by 105.5% in the first quarter. Oxford Asset Management now owns 55,324 shares of the financial services provider’s stock worth $477,000 after buying an additional 28,407 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of Fanhua during the fourth quarter worth $710,000. Renaissance Technologies LLC purchased a new position in shares of Fanhua during the fourth quarter worth $726,000. Finally, Morgan Stanley raised its position in shares of Fanhua by 14.3% in the first quarter. Morgan Stanley now owns 145,354 shares of the financial services provider’s stock worth $1,254,000 after buying an additional 18,216 shares in the last quarter. 8.54% of the stock is currently owned by institutional investors and hedge funds.
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Fanhua (NASDAQ FANH) traded down 0.33% during midday trading on Tuesday, reaching $8.99. The company had a trading volume of 30,371 shares. The company has a market capitalization of $523.86 million, a P/E ratio of 17.84 and a beta of 0.98. The firm has a 50-day moving average of $8.85 and a 200 day moving average of $8.74. Fanhua has a 1-year low of $6.79 and a 1-year high of $10.35.
Fanhua (NASDAQ:FANH) last released its quarterly earnings results on Monday, May 22nd. The financial services provider reported $0.17 EPS for the quarter. Fanhua had a return on equity of 6.11% and a net margin of 3.92%. The company had revenue of $213.18 million during the quarter. On average, equities research analysts forecast that Fanhua will post $0.78 EPS for the current year.
Fanhua Company Profile
Fanhua Inc, formerly CNinsure Inc, is an independent online-to-offline financial services provider in China. The Company distributes a range of property, casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China to individual and institutional customers, and provides insurance claims adjusting services.
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