Fanhua Inc. (FANH) Announces None Dividend of $0.20

Fanhua Inc. (NASDAQ:FANH) declared a None dividend on Wednesday, November 22nd, NASDAQ reports. Stockholders of record on Friday, December 8th will be paid a dividend of 0.195 per share by the financial services provider on Friday, December 22nd. This represents a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, December 7th.

Shares of Fanhua (NASDAQ:FANH) traded down $0.61 during trading hours on Friday, hitting $22.48. The stock had a trading volume of 544,200 shares, compared to its average volume of 127,100. The company has a market capitalization of $1,345.08, a P/E ratio of 24.56 and a beta of 1.35. Fanhua has a 1 year low of $6.79 and a 1 year high of $24.98.

A hedge fund recently raised its stake in Fanhua stock. Northern Trust Corp grew its stake in Fanhua Inc. (NASDAQ:FANH) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,235 shares of the financial services provider’s stock after buying an additional 725 shares during the quarter. Northern Trust Corp’s holdings in Fanhua were worth $225,000 as of its most recent SEC filing. 15.49% of the stock is owned by institutional investors.

Separately, ValuEngine raised Fanhua from a “hold” rating to a “buy” rating in a report on Friday, September 1st.

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About Fanhua

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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