Fanhua (FANH) Upgraded to “Buy” by BidaskClub

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.

How to Become a New Pot Stock Millionaire

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%.



The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 10th. Stockholders of record on Monday, March 26th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Friday, March 23rd.

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.

ILLEGAL ACTIVITY WARNING: “Fanhua (FANH) Upgraded to “Buy” by BidaskClub” was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://stocknewstimes.com/2018/04/25/fanhua-fanh-upgraded-to-buy-by-bidaskclub.html.

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.

Receive News & Ratings for Fanhua Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fanhua and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply