BidaskClub upgraded shares of Fanhua (NASDAQ:FANH) from a hold rating to a buy rating in a research report released on Friday morning, BidAskClub reports.
A number of other equities research analysts have also recently weighed in on FANH. ValuEngine upgraded shares of Fanhua from a hold rating to a buy rating in a report on Saturday, May 18th. Morgan Stanley began coverage on shares of Fanhua in a report on Monday, July 29th. They issued an overweight rating on the stock.
FANH traded up $0.20 during midday trading on Friday, reaching $33.03. The company’s stock had a trading volume of 208,394 shares, compared to its average volume of 284,052. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 23.10 and a beta of 1.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.84 and a quick ratio of 2.84. Fanhua has a 1 year low of $19.39 and a 1 year high of $35.55. The company’s 50-day simple moving average is $32.93.
Fanhua (NASDAQ:FANH) last announced its quarterly earnings data on Wednesday, May 22nd. The financial services provider reported $0.39 earnings per share for the quarter. The business had revenue of $144.78 million for the quarter. Fanhua had a net margin of 17.41% and a return on equity of 20.08%. Sell-side analysts anticipate that Fanhua will post 1.34 earnings per share for the current year.
Large investors have recently bought and sold shares of the company. Segantii Capital Management Ltd purchased a new stake in shares of Fanhua during the first quarter valued at approximately $201,000. BlackRock Inc. grew its holdings in shares of Fanhua by 16.7% during the fourth quarter. BlackRock Inc. now owns 701,583 shares of the financial services provider’s stock valued at $15,401,000 after buying an additional 100,289 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Fanhua during the first quarter valued at approximately $422,000. Deutsche Bank AG grew its holdings in shares of Fanhua by 11.6% during the fourth quarter. Deutsche Bank AG now owns 632,260 shares of the financial services provider’s stock valued at $13,878,000 after buying an additional 65,900 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Fanhua during the fourth quarter valued at approximately $3,931,000. Hedge funds and other institutional investors own 30.88% of the company’s stock.
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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