Fanhua (NASDAQ:FANH) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.
Shares of Fanhua stock opened at $27.50 on Tuesday. The firm has a market capitalization of $1,565.29, a PE ratio of 25.11 and a beta of 1.65. Fanhua has a 12 month low of $7.31 and a 12 month high of $33.81.
Fanhua (NASDAQ:FANH) last issued its earnings results on Monday, March 12th. The financial services provider reported $0.31 EPS for the quarter. The business had revenue of $106.12 million during the quarter. Fanhua had a return on equity of 11.91% and a net margin of 10.66%.
Several institutional investors have recently modified their holdings of the company. Northern Trust Corp boosted its position in Fanhua by 2.8% during the second quarter. Northern Trust Corp now owns 26,235 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 725 shares during the last quarter. Guggenheim Capital LLC boosted its position in 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 purchasing an additional 4,803 shares during the last quarter. State Street Corp boosted its position in Fanhua by 10.0% during the second quarter. State Street Corp now owns 84,154 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 7,682 shares during the last quarter. Matthews International Capital Management LLC boosted its position in 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 purchasing an additional 8,200 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in Fanhua during the fourth quarter valued at $276,000. 16.14% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: “BidaskClub Downgrades Fanhua (FANH) to Hold” was first posted by Week Herald and is the property of of Week Herald. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://weekherald.com/2018/04/19/bidaskclub-downgrades-fanhua-fanh-to-hold.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.