Boston Partners increased its position in shares of Fanhua Inc. (NASDAQ:FANH) by 42.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 297,221 shares of the financial services provider’s stock after purchasing an additional 88,251 shares during the quarter. Boston Partners owned approximately 0.48% of Fanhua worth $3,736,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. River & Mercantile Asset Management LLP purchased a new stake in shares of Fanhua in the 3rd quarter valued at $864,000. State Street Corp boosted its position in Fanhua by 10.0% during the 2nd quarter. State Street Corp now owns 84,154 shares of the financial services provider’s stock valued at $720,000 after buying an additional 7,682 shares during the period. Goldman Sachs Group Inc. purchased a new stake in Fanhua during the 2nd quarter valued at $107,000. California Public Employees Retirement System boosted its position in Fanhua by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 369,300 shares of the financial services provider’s stock valued at $3,161,000 after buying an additional 8,000 shares during the period. Finally, Northern Trust Corp boosted its position in Fanhua by 2.8% during the 2nd quarter. Northern Trust Corp now owns 26,235 shares of the financial services provider’s stock valued at $225,000 after buying an additional 725 shares during the period. Institutional investors and hedge funds own 15.49% of the company’s stock.
Shares of Fanhua Inc. (NASDAQ:FANH) traded up $0.04 during midday trading on Monday, reaching $21.91. 163,879 shares of the company’s stock traded hands, compared to its average volume of 115,847. Fanhua Inc. has a 1-year low of $6.79 and a 1-year high of $23.94. The company has a market cap of $1,274.02, a price-to-earnings ratio of 23.27 and a beta of 1.35.
The firm also recently declared a None dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be paid a $0.195 dividend. The ex-dividend date is Thursday, December 7th. This represents a dividend yield of 3.49%. Fanhua’s payout ratio is 10.64%.
Separately, ValuEngine lowered shares of Fanhua from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.
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Fanhua Inc, formerly CNinsure Inc, is an independent online-to-offline financial services provider in China. The Company distributes a range of property, casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China to individual and institutional customers, and provides insurance claims adjusting services.
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