Fanhua (NASDAQ:FANH) Shares Down 1%

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Fanhua Inc (NASDAQ:FANH) was down 1% during trading on Friday . The stock traded as low as $30.84 and last traded at $30.89. Approximately 2,579 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 547,745 shares. The stock had previously closed at $31.21.

Several equities research analysts recently commented on FANH shares. BidaskClub lowered shares of Fanhua from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 20th. ValuEngine raised shares of Fanhua from a “hold” rating to a “buy” rating in a report on Saturday, May 18th.

The firm has a market capitalization of $2.04 billion, a P/E ratio of 20.65 and a beta of 1.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.84 and a current ratio of 2.84.

Fanhua (NASDAQ:FANH) last issued its quarterly earnings results on Wednesday, May 22nd. The financial services provider reported $0.39 EPS for the quarter. Fanhua had a net margin of 17.41% and a return on equity of 20.08%. The company had revenue of $144.78 million during the quarter.

The firm also recently announced a special dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.30 per share. This is a positive change from Fanhua’s previous special dividend of $0.25. The ex-dividend date is Wednesday, June 5th.

Institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in shares of Fanhua by 10.1% during the first quarter. US Bancorp DE now owns 4,660 shares of the financial services provider’s stock worth $122,000 after buying an additional 429 shares in the last quarter. Segantii Capital Management Ltd purchased a new stake in shares of Fanhua during the first quarter worth $201,000. Bank of New York Mellon Corp purchased a new stake in shares of Fanhua during the fourth quarter worth $241,000. Advisor Group Inc. grew its holdings in shares of Fanhua by 4.3% during the fourth quarter. Advisor Group Inc. now owns 12,412 shares of the financial services provider’s stock worth $272,000 after buying an additional 514 shares in the last quarter. Finally, WINTON GROUP Ltd grew its holdings in shares of Fanhua by 25.0% during the fourth quarter. WINTON GROUP Ltd now owns 15,822 shares of the financial services provider’s stock worth $347,000 after buying an additional 3,163 shares in the last quarter. 30.88% of the stock is owned by institutional investors and hedge funds.

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About Fanhua (NASDAQ:FANH)

Fanhua Inc 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, including automobile, individual accident, travel, disability income, commercial property, construction, and other property and casualty products; and life insurance products, such as individual health, individual whole life, individual term life, individual endowment life, and individual annuity, as well as group life and participating insurance products.

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