Fanhua (NASDAQ:FANH) Shares Bought by Guggenheim Capital LLC

Guggenheim Capital LLC lifted its holdings in shares of Fanhua (NASDAQ:FANH) by 34.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,719 shares of the financial services provider’s stock after buying an additional 4,803 shares during the period. Guggenheim Capital LLC’s holdings in Fanhua were worth $404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Fanhua by 1,477.0% during the third quarter. JPMorgan Chase & Co. now owns 14,193 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 13,293 shares in the last quarter. First Trust Advisors LP purchased a new position in Fanhua during the fourth quarter worth about $276,000. Virtu Financial LLC purchased a new position in Fanhua during the fourth quarter worth about $553,000. Arrowstreet Capital Limited Partnership raised its holdings in Fanhua by 12.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 298,860 shares of the financial services provider’s stock worth $6,461,000 after purchasing an additional 32,137 shares in the last quarter. Finally, Matthews International Capital Management LLC raised its holdings 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 worth $7,191,000 after purchasing an additional 8,200 shares in the last quarter. Institutional investors and hedge funds own 15.64% of the company’s stock.

NASDAQ FANH traded up $1.99 during trading hours on Wednesday, hitting $29.98. 304,800 shares of the stock were exchanged, compared to its average volume of 304,070. Fanhua has a 12-month low of $28.76 and a 12-month high of $30.50. The stock has a market capitalization of $1.53 billion, a P/E ratio of 24.50 and a beta of 1.65.

Fanhua (NASDAQ:FANH) last issued its earnings results on Monday, March 12th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. Fanhua had a net margin of 10.66% and a return on equity of 11.91%. The company had revenue of $106.12 million during the quarter.

Several research firms recently issued reports on FANH. BidaskClub cut shares of Fanhua from a “buy” rating to a “hold” rating in a report on Tuesday, May 8th. ValuEngine raised shares of Fanhua from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd.

About Fanhua

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.

Institutional Ownership by Quarter for Fanhua (NASDAQ:FANH)

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