BidaskClub upgraded shares of Fanhua (NASDAQ:FANH) from a hold rating to a buy rating in a report published on Tuesday morning.
FANH opened at $27.14 on Tuesday. Fanhua has a 1-year low of $7.31 and a 1-year high of $33.81. The firm has a market capitalization of $1,575.19, a price-to-earnings ratio of 25.27 and a beta of 1.65.
Fanhua (NASDAQ:FANH) last issued its quarterly earnings data on Monday, March 12th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. The firm had revenue of $106.12 million during the quarter. Fanhua had a net margin of 10.66% and a return on equity of 11.91%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Sensato Investors LLC acquired a new position in shares of Fanhua during the fourth quarter valued at about $361,000. Goldman Sachs Group Inc. grew its holdings in shares of Fanhua by 1,002.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 527,672 shares of the financial services provider’s stock valued at $11,408,000 after buying an additional 479,802 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of Fanhua by 34.5% during the fourth quarter. Guggenheim Capital LLC now owns 18,719 shares of the financial services provider’s stock valued at $404,000 after buying an additional 4,803 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Fanhua by 319.4% during the fourth quarter. Deutsche Bank AG now owns 543,470 shares of the financial services provider’s stock valued at $11,749,000 after buying an additional 413,883 shares during the last quarter. Finally, Matthews International Capital Management LLC grew its holdings in shares of Fanhua by 2.5% during the fourth quarter. Matthews International Capital Management LLC now owns 332,600 shares of the financial services provider’s stock valued at $7,191,000 after buying an additional 8,200 shares during the last quarter. Hedge funds and other institutional investors own 16.32% of the company’s stock.
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Fanhua Company Profile
Fanhua Inc distributes insurance products in China. It operates through three segments: Insurance Agency, Insurance Brokerage; and Claims Adjusting. The Insurance Agency segment provides property and casualty insurance products, including automobile, individual accident, travel, disability income, commercial property, construction, and other property and casualty products; and life insurance products that consist of individual whole life, individual term life, individual endowment life, and individual education annuity, as well as group life and participating insurance products.
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