BidaskClub upgraded shares of Fanhua (NASDAQ:FANH) from a buy rating to a strong-buy rating in a report issued on Friday, September 28th.
FANH stock opened at $27.18 on Friday. Fanhua has a fifty-two week low of $14.43 and a fifty-two week high of $38.24. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 20.78 and a beta of 1.53.
Fanhua (NASDAQ:FANH) last posted its quarterly earnings data on Monday, August 20th. The financial services provider reported $0.40 EPS for the quarter. Fanhua had a return on equity of 13.50% and a net margin of 15.13%. The firm had revenue of $146.91 million for the quarter.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 19th. Investors of record on Wednesday, September 5th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend was Tuesday, September 4th.
Several large investors have recently added to or reduced their stakes in FANH. Jane Street Group LLC bought a new stake in shares of Fanhua in the 1st quarter valued at approximately $247,000. Tower Research Capital LLC TRC lifted its stake in shares of Fanhua by 1,368.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 11,983 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 11,167 shares during the last quarter. Yiheng Capital LLC bought a new stake in shares of Fanhua in the 1st quarter valued at approximately $391,000. NINE MASTS CAPITAL Ltd bought a new stake in shares of Fanhua in the 2nd quarter valued at approximately $756,000. Finally, Northern Trust Corp lifted its stake in shares of Fanhua by 153.4% in the 2nd quarter. Northern Trust Corp now owns 73,529 shares of the financial services provider’s stock valued at $2,095,000 after purchasing an additional 44,508 shares during the last quarter. Hedge funds and other institutional investors own 34.70% of the company’s stock.
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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