StockNews.com Begins Coverage on Fanhua (NASDAQ:FANH)

StockNews.com started coverage on shares of Fanhua (NASDAQ:FANH) in a research note issued to investors on Sunday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Fanhua Stock Down 1.3 %

NASDAQ:FANH opened at $1.53 on Friday. The company has a market cap of $86.76 million, a P/E ratio of 2.10 and a beta of -0.06. The firm’s 50 day moving average is $1.41 and its two-hundred day moving average is $2.12. Fanhua has a fifty-two week low of $1.04 and a fifty-two week high of $7.48.

Hedge Funds Weigh In On Fanhua

A hedge fund recently raised its stake in Fanhua stock. Dimensional Fund Advisors LP lifted its holdings in Fanhua Inc. (NASDAQ:FANH) by 11.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 466,320 shares of the financial services provider’s stock after acquiring an additional 48,383 shares during the period. Dimensional Fund Advisors LP owned approximately 0.82% of Fanhua worth $930,000 as of its most recent SEC filing. 26.72% of the stock is currently owned by institutional investors and hedge funds.

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.