Fanhua (NASDAQ:FANH) Trading Down 5%

Fanhua Inc (NASDAQ:FANH) shares dropped 5% on Tuesday . The company traded as low as $28.47 and last traded at $28.50, approximately 810,712 shares were traded during trading. An increase of 157% from the average daily volume of 315,888 shares. The stock had previously closed at $30.00.

FANH has been the topic of a number of recent research reports. BidaskClub downgraded shares of Fanhua from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine downgraded shares of Fanhua from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Morgan Stanley initiated coverage on shares of Fanhua in a research note on Monday, July 29th. They set an “overweight” rating on the stock.

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.84 and a quick ratio of 2.84. The stock’s 50 day simple moving average is $32.85 and its two-hundred day simple moving average is $28.77. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 19.93 and a beta of 1.23.



Fanhua (NASDAQ:FANH) last posted its quarterly earnings results on Wednesday, May 22nd. The financial services provider reported $0.39 earnings per share 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, analysts predict that Fanhua Inc will post 1.31 earnings per share for the current year.

Several large investors have recently modified their holdings of FANH. UBS Group AG grew its position in shares of Fanhua by 9.1% in the 2nd quarter. UBS Group AG now owns 1,249,736 shares of the financial services provider’s stock valued at $41,829,000 after purchasing an additional 104,515 shares during the period. Pictet Asset Management Ltd. grew its position in shares of Fanhua by 22.4% in the 2nd quarter. Pictet Asset Management Ltd. now owns 18,600 shares of the financial services provider’s stock valued at $623,000 after purchasing an additional 3,400 shares during the period. Jane Street Group LLC acquired a new position in shares of Fanhua in the 2nd quarter valued at approximately $1,013,000. D. E. Shaw & Co. Inc. acquired a new position in shares of Fanhua in the 2nd quarter valued at approximately $7,481,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Fanhua in the 2nd quarter valued at approximately $824,000. Institutional investors own 27.90% of the company’s stock.

About Fanhua (NASDAQ:FANH)

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.

Further Reading: Hold Rating

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