Zacks: Fanhua Inc (NASDAQ:FANH) Receives Average Rating of “Strong Buy” from Analysts

Fanhua Inc (NASDAQ:FANH) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1 year consensus target price of $38.00 for the company and are anticipating that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also given Fanhua an industry rank of 68 out of 256 based on the ratings given to related companies.

A number of analysts recently commented on the company. BidaskClub raised Fanhua from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Morgan Stanley assumed coverage on Fanhua in a research note on Monday, July 29th. They issued an “overweight” rating for the company. Finally, ValuEngine lowered Fanhua from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.



A number of hedge funds have recently made changes to their positions in FANH. Segantii Capital Management Ltd grew its stake in Fanhua by 16.7% during the 2nd quarter. Segantii Capital Management Ltd now owns 8,932 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 1,276 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Fanhua during the 2nd quarter worth about $69,000. Aperio Group LLC bought a new position in shares of Fanhua during the 2nd quarter worth about $89,000. AQR Capital Management LLC increased its holdings in shares of Fanhua by 4.1% during the 2nd quarter. AQR Capital Management LLC now owns 69,976 shares of the financial services provider’s stock worth $2,342,000 after purchasing an additional 2,764 shares during the period. Finally, Mark Sheptoff Financial Planning LLC bought a new position in shares of Fanhua during the 2nd quarter worth about $112,000. 28.13% of the stock is owned by institutional investors.

Shares of Fanhua stock traded down $0.11 on Friday, hitting $30.48. The stock had a trading volume of 435,000 shares, compared to its average volume of 305,985. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.04. Fanhua has a one year low of $19.39 and a one year high of $35.55. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 21.31 and a beta of 1.23. The stock’s 50-day simple moving average is $33.11 and its two-hundred day simple moving average is $28.72.

Fanhua (NASDAQ:FANH) last issued its earnings results on Wednesday, May 22nd. The financial services provider reported $0.39 earnings per share (EPS) for the quarter. Fanhua had a net margin of 17.41% and a return on equity of 20.08%. The firm had revenue of $144.78 million for the quarter. As a group, equities analysts predict that Fanhua will post 1.31 EPS for the current fiscal year.

About Fanhua

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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