CNinsure Inc. (NASDAQ:CISG) shares shot up 7.7% during trading on Thursday . The stock traded as high as $8.10 and last traded at $8.02, with a volume of 282,793 shares trading hands. The stock had previously closed at $7.45.

The firm has a market capitalization of $464.91 million and a price-to-earnings ratio of 16.81. The company’s 50-day moving average is $7.08 and its 200-day moving average is $7.43.

CNinsure (NASDAQ:CISG) last released its earnings results on Tuesday, May 24th. The company reported $0.05 earnings per share (EPS) for the quarter. On average, equities research analysts expect that CNinsure Inc. will post $0.39 EPS for the current year.

A hedge fund recently raised its stake in CNinsure stock. California Public Employees Retirement System boosted its position in shares of CNinsure Inc. (NASDAQ:CISG) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 576,904 shares of the company’s stock after buying an additional 27,500 shares during the period. California Public Employees Retirement System owned approximately 1.00% of CNinsure worth $5,354,000 as of its most recent filing with the SEC.

CNinsure Inc (CNinsure) is an independent online-to-offline financial services provider in China. The Company through its online platforms and offline sales and service network distributes property, casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China and provides insurance claims adjusting services.

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