Fanhua (FANH) Downgraded by BidaskClub to Hold

BidaskClub lowered shares of Fanhua (NASDAQ:FANH) from a buy rating to a hold rating in a report released on Tuesday, BidAskClub reports.

FANH stock opened at $25.98 on Tuesday. The company has a market capitalization of $1.68 billion, a P/E ratio of 17.83 and a beta of 1.49. Fanhua has a 1-year low of $19.39 and a 1-year high of $38.24.

Fanhua (NASDAQ:FANH) last posted its quarterly earnings data on Monday, March 11th. The financial services provider reported $0.29 earnings per share for the quarter. Fanhua had a net margin of 17.52% and a return on equity of 17.35%. The company had revenue of $126.82 million for the quarter.

The firm also recently declared a special dividend, which was paid on Wednesday, April 3rd. Investors of record on Thursday, March 21st were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 20th.

A number of hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. lifted its stake in Fanhua by 4.3% in the fourth quarter. Advisor Group Inc. now owns 12,412 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 514 shares during the period. WINTON GROUP Ltd lifted its stake in Fanhua by 25.0% in the fourth quarter. WINTON GROUP Ltd now owns 15,822 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 3,163 shares during the period. Segantii Capital Management Ltd purchased a new stake in Fanhua in the first quarter worth $201,000. Korea Investment CORP lifted its stake in Fanhua by 6.5% in the fourth quarter. Korea Investment CORP now owns 172,700 shares of the financial services provider’s stock worth $3,791,000 after acquiring an additional 10,500 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Fanhua in the fourth quarter worth $238,000. 30.59% of the stock is owned by institutional investors.

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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