Fanhua (NASDAQ:FANH) Stock Rating Lowered by BidaskClub

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Fanhua (NASDAQ:FANH) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, BidAskClub reports.

A number of other equities research analysts have also recently commented on FANH. ValuEngine cut shares of Fanhua from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Morgan Stanley began coverage on shares of Fanhua in a report on Monday, July 29th. They issued an “overweight” rating for the company.

Shares of FANH opened at $28.88 on Tuesday. Fanhua has a 1-year low of $19.39 and a 1-year high of $35.55. The stock has a market cap of $1.98 billion, a PE ratio of 20.20 and a beta of 1.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.84 and a quick ratio of 2.84. The firm has a fifty day moving average price of $32.75 and a 200 day moving average price of $28.78.

Fanhua (NASDAQ:FANH) last announced its quarterly earnings results on Tuesday, August 20th. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.13). Fanhua had a net margin of 17.41% and a return on equity of 20.08%. The company had revenue of $130.87 million during the quarter. As a group, equities analysts expect that Fanhua will post 1.31 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Segantii Capital Management Ltd raised its holdings in shares of Fanhua by 16.7% in the second quarter. Segantii Capital Management Ltd now owns 8,932 shares of the financial services provider’s stock valued at $299,000 after buying an additional 1,276 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Fanhua in the second quarter valued at about $69,000. Aperio Group LLC purchased a new stake in shares of Fanhua in the second quarter valued at about $89,000. AQR Capital Management LLC raised its holdings in shares of Fanhua by 4.1% in the second quarter. AQR Capital Management LLC now owns 69,976 shares of the financial services provider’s stock valued at $2,342,000 after buying an additional 2,764 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Fanhua in the second quarter valued at about $112,000. 27.90% of the stock is owned by institutional investors and hedge funds.

Fanhua Company Profile

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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