Zacks: Analysts Set $38.00 Price Target for Fanhua Inc (NASDAQ:FANH)

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Shares of Fanhua Inc (NASDAQ:FANH) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Analysts have set a 1 year consensus price target of $38.00 for the company and are expecting that the company will post $0.27 EPS for the current quarter, according to Zacks. Zacks has also given Fanhua an industry rank of 26 out of 256 based on the ratings given to related companies.

FANH has been the subject of a number of recent research reports. BidaskClub cut Fanhua from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine cut Fanhua from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Morgan Stanley initiated coverage on Fanhua in a research report on Monday, July 29th. They set an “overweight” rating for the company. Finally, CICC Research cut Fanhua from an “outperform” rating to a “neutral” rating in a research report on Wednesday.

NASDAQ:FANH opened at $27.87 on Friday. The stock’s 50 day moving average price is $32.62 and its 200 day moving average price is $28.79. The company has a market capitalization of $1.85 billion, a PE ratio of 19.49 and a beta of 1.23. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.04. Fanhua has a 52-week low of $19.39 and a 52-week high of $35.55.

Fanhua (NASDAQ:FANH) last released its quarterly earnings results on Tuesday, August 20th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.13). The firm had revenue of $130.87 million for the quarter. Fanhua had a return on equity of 19.86% and a net margin of 15.68%. As a group, sell-side analysts anticipate that Fanhua will post 1.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Wednesday, September 4th will be issued a $0.295 dividend. This is a boost from Fanhua’s previous quarterly dividend of $0.25. This represents a $1.18 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend is Tuesday, September 3rd. Fanhua’s dividend payout ratio (DPR) is currently 82.52%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in shares of Fanhua in the 4th quarter worth $241,000. Geode Capital Management LLC boosted its position in Fanhua by 49.0% during the 4th quarter. Geode Capital Management LLC now owns 32,936 shares of the financial services provider’s stock valued at $722,000 after buying an additional 10,837 shares during the period. Millennium Management LLC purchased a new stake in Fanhua during the 4th quarter valued at $513,000. Norges Bank purchased a new stake in Fanhua during the 4th quarter valued at $3,931,000. Finally, Bank of Montreal Can purchased a new stake in Fanhua during the 1st quarter valued at $1,418,000. 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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