Fanhua (NASDAQ:FANH) Lowered to Buy at BidaskClub

Fanhua (NASDAQ:FANH) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday, February 20th.

Shares of NASDAQ:FANH traded up $0.64 during midday trading on Wednesday, reaching $25.89. The company had a trading volume of 317,764 shares, compared to its average volume of 288,297. The company has a market capitalization of $1.68 billion, a P/E ratio of 17.32 and a beta of 1.48. Fanhua has a 52-week low of $19.39 and a 52-week high of $38.24.

Fanhua (NASDAQ:FANH) last issued its quarterly earnings results on Monday, March 11th. The financial services provider reported $0.29 earnings per share for the quarter. The company had revenue of $126.82 million for the quarter. Fanhua had a net margin of 17.52% and a return on equity of 16.24%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley increased its position in shares of Fanhua by 13.3% in the third quarter. Morgan Stanley now owns 1,436,316 shares of the financial services provider’s stock worth $38,810,000 after purchasing an additional 168,172 shares during the last quarter. Vanguard Group Inc grew its position in Fanhua by 5,475.5% during the third quarter. Vanguard Group Inc now owns 1,222,045 shares of the financial services provider’s stock valued at $33,020,000 after acquiring an additional 1,200,127 shares during the last quarter. WINTON GROUP Ltd grew its position in Fanhua by 25.0% during the fourth quarter. WINTON GROUP Ltd now owns 15,822 shares of the financial services provider’s stock valued at $347,000 after acquiring an additional 3,163 shares during the last quarter. Virtu Financial LLC bought a new position in Fanhua during the fourth quarter valued at approximately $238,000. Finally, Folger Hill Asset Management LP bought a new position in Fanhua during the third quarter valued at approximately $2,067,000. Hedge funds and other institutional investors own 30.42% of the company’s stock.

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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