Fanhua Inc (NASDAQ:FANH) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $32.45 and last traded at $31.65, with a volume of 346900 shares. The stock had previously closed at $31.65.
The firm has a market cap of $1,843.74, a P/E ratio of 31.87 and a beta of 1.68.
Fanhua (NASDAQ:FANH) last announced its quarterly earnings data on Monday, November 20th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter. Fanhua had a return on equity of 10.93% and a net margin of 7.84%. The firm had revenue of $161.92 million during the quarter.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Sensato Investors LLC purchased a new stake in shares of Fanhua during the 4th quarter worth about $361,000. Goldman Sachs Group Inc. raised its stake in shares of Fanhua by 1,002.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 527,672 shares of the financial services provider’s stock worth $11,408,000 after purchasing an additional 479,802 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Fanhua by 34.5% during the 4th quarter. Guggenheim Capital LLC now owns 18,719 shares of the financial services provider’s stock worth $404,000 after purchasing an additional 4,803 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Fanhua by 319.4% during the 4th quarter. Deutsche Bank AG now owns 543,470 shares of the financial services provider’s stock worth $11,749,000 after purchasing an additional 413,883 shares in the last quarter. Finally, Matthews International Capital Management LLC raised its stake in shares of Fanhua by 2.5% during the 4th quarter. Matthews International Capital Management LLC now owns 332,600 shares of the financial services provider’s stock worth $7,191,000 after purchasing an additional 8,200 shares in the last quarter. 10.27% of the stock is owned by institutional investors.
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Fanhua Company Profile
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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