Fanhua (NASDAQ:FANH) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Fanhua (NASDAQ:FANH) in a research note released on Monday. The brokerage issued a hold rating on the financial services provider’s stock.

Fanhua Price Performance

FANH opened at $3.41 on Monday. The company’s 50-day moving average is $4.71 and its 200 day moving average is $5.99. Fanhua has a fifty-two week low of $3.38 and a fifty-two week high of $9.01. The firm has a market capitalization of $193.48 million, a P/E ratio of 4.67 and a beta of -0.10.

Fanhua (NASDAQ:FANH) last released its quarterly earnings results on Wednesday, March 20th. The financial services provider reported ($0.07) earnings per share for the quarter. Fanhua had a net margin of 8.67% and a return on equity of 12.11%. The firm had revenue of $84.99 million for the quarter.

Institutional Trading of Fanhua

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new stake in Fanhua during the second quarter worth about $27,000. ExodusPoint Capital Management LP purchased a new stake in Fanhua during the second quarter worth about $69,000. Jane Street Group LLC purchased a new stake in Fanhua during the second quarter worth about $96,000. Penserra Capital Management LLC purchased a new stake in Fanhua during the first quarter worth about $133,000. Finally, Gabelli Funds LLC increased its holdings in Fanhua by 63.3% during the first quarter. Gabelli Funds LLC now owns 24,500 shares of the financial services provider’s stock worth $178,000 after buying an additional 9,500 shares during the last quarter. Hedge funds and other institutional investors own 26.72% of the company’s stock.

About Fanhua

Fanhua Inc, together with its subsidiary, distributes insurance products in China. It operates through two segments, Insurance Agency and Claims Adjusting. The Insurance Agency segment provides property and casualty insurance products that primarily include individual accident, travel, homeowner, and indemnity medical insurance products; and life insurance products, such as individual health, individual whole life, individual term life, individual endowment life, and individual annuity, as well as participating insurance products.