Fanhua (NASDAQ:FANH) shares hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $37.11 and last traded at $36.68, with a volume of 26473 shares. The stock had previously closed at $32.78.
FANH has been the topic of several recent research reports. JPMorgan Chase & Co. increased their target price on shares of Fanhua from $32.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 23rd. BidaskClub cut shares of Fanhua from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 6th. Finally, ValuEngine upgraded shares of Fanhua from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd.
The firm has a market capitalization of $1.97 billion, a PE ratio of 31.59 and a beta of 1.67.
Fanhua (NASDAQ:FANH) last issued its earnings results on Monday, May 21st. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. Fanhua had a net margin of 14.10% and a return on equity of 12.97%. The company had revenue of $134.44 million for the quarter.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 11th. Shareholders of record on Monday, June 4th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.72%. The ex-dividend date was Friday, June 1st.
A number of institutional investors have recently modified their holdings of FANH. First Trust Advisors LP purchased a new stake in shares of Fanhua during the fourth quarter valued at about $276,000. Virtu Financial LLC purchased a new stake in shares of Fanhua during the fourth quarter valued at about $553,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Fanhua by 12.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 298,860 shares of the financial services provider’s stock valued at $6,461,000 after buying an additional 32,137 shares during the last quarter. Matthews International Capital Management LLC lifted its position in shares of Fanhua by 2.5% during the fourth quarter. Matthews International Capital Management LLC now owns 332,600 shares of the financial services provider’s stock valued at $7,191,000 after buying an additional 8,200 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Fanhua by 319.4% during the fourth quarter. Deutsche Bank AG now owns 543,470 shares of the financial services provider’s stock valued at $11,749,000 after buying an additional 413,883 shares during the last quarter. Institutional investors own 25.30% of the company’s stock.
Fanhua Company Profile
Fanhua Inc distributes insurance products in China. It operates through three segments: Insurance Agency, Insurance Brokerage; 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 that consist of individual whole life, individual term life, individual endowment life, and individual education annuity, as well as group life and participating insurance products.
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