BidaskClub Downgrades Fanhua (FANH) to Hold

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.

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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.

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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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