Matthews International Capital Management LLC Takes Position in Fanhua Inc. (FANH)

Matthews International Capital Management LLC acquired a new stake in Fanhua Inc. (NASDAQ:FANH) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 223,400 shares of the financial services provider’s stock, valued at approximately $1,912,000. Matthews International Capital Management LLC owned approximately 0.38% of Fanhua at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. KCM Investment Advisors LLC lifted its position in Fanhua by 39.1% in the 2nd quarter. KCM Investment Advisors LLC now owns 23,374 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 6,575 shares in the last quarter. Renaissance Technologies LLC lifted its position in Fanhua by 14.7% during the 1st quarter. Renaissance Technologies LLC now owns 100,555 shares of the financial services provider’s stock worth $868,000 after buying an additional 12,904 shares in the last quarter. Morgan Stanley lifted its position in Fanhua by 14.3% during the 1st 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. Oxford Asset Management lifted its position in Fanhua by 105.5% during the 1st 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. Finally, Van Berkom & Associates Inc. lifted its position in Fanhua by 22.5% during the 2nd quarter. Van Berkom & Associates Inc. now owns 226,929 shares of the financial services provider’s stock worth $1,943,000 after buying an additional 41,730 shares in the last quarter. 14.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of Fanhua Inc. (FANH) traded down 1.29% during midday trading on Friday, hitting $12.97. 84,030 shares of the stock were exchanged. The stock has a market capitalization of $798.93 million, a price-to-earnings ratio of 16.23 and a beta of 1.02. The firm’s 50 day moving average is $9.19 and its 200-day moving average is $8.86. Fanhua Inc. has a 1-year low of $6.79 and a 1-year high of $13.22.

Fanhua (NASDAQ:FANH) last issued its quarterly earnings data on Monday, August 21st. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $149.42 million during the quarter. Fanhua had a net margin of 6.08% and a return on equity of 8.96%. On average, analysts predict that Fanhua Inc. will post $0.81 EPS for the current year.

Separately, ValuEngine raised shares of Fanhua from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

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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.

Institutional Ownership by Quarter for Fanhua (NASDAQ:FANH)

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