Fanhua (NASDAQ:FANH) Coverage Initiated by Analysts at StockNews.com

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

Fanhua Stock Performance

NASDAQ FANH opened at $3.70 on Monday. Fanhua has a one year low of $3.70 and a one year high of $9.01. The company’s 50 day moving average price is $4.84 and its 200 day moving average price is $6.05. The firm has a market capitalization of $209.94 million, a price-to-earnings ratio of 5.07 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. The company had revenue of $84.99 million for the quarter. Fanhua had a return on equity of 12.11% and a net margin of 8.67%.

Institutional Trading of Fanhua

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC grew its position in Fanhua by 2.8% in the first quarter. Hsbc Holdings PLC now owns 73,817 shares of the financial services provider’s stock worth $543,000 after acquiring an additional 2,026 shares in the last quarter. BlackRock Inc. increased its position in shares of Fanhua by 5.0% during the 2nd quarter. BlackRock Inc. now owns 51,567 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 2,438 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Fanhua during the 2nd quarter worth about $27,000. State Street Corp grew its holdings in Fanhua by 5.9% during the 1st quarter. State Street Corp now owns 138,583 shares of the financial services provider’s stock worth $1,203,000 after acquiring an additional 7,683 shares during the last quarter. Finally, Gabelli Funds LLC grew its holdings in Fanhua by 63.3% during the 1st quarter. Gabelli Funds LLC now owns 24,500 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 9,500 shares during the last quarter. 26.72% of the stock is currently owned by institutional investors.

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.