Fanhua (NASDAQ:FANH) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Fanhua (NASDAQ:FANH) from a hold rating to a buy rating in a report published on Wednesday, ValuEngine reports.

FANH has been the subject of a number of other research reports. Morgan Stanley assumed coverage on Fanhua in a research report on Monday, July 29th. They set an overweight rating for the company. CICC Research lowered Fanhua from an outperform rating to a neutral rating in a research report on Wednesday, August 21st. Zacks Investment Research lowered Fanhua from a hold rating to a strong sell rating in a research report on Tuesday, October 1st. Finally, BidaskClub lowered Fanhua from a hold rating to a sell rating in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold.

Shares of Fanhua stock traded down $0.15 during trading on Wednesday, reaching $25.02. 169,867 shares of the stock traded hands, compared to its average volume of 190,877. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 17.50 and a beta of 1.27. The business has a fifty day simple moving average of $26.39 and a two-hundred day simple moving average of $29.08. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.87 and a quick ratio of 2.87. Fanhua has a 52-week low of $19.39 and a 52-week high of $35.55.

Fanhua (NASDAQ:FANH) last issued its quarterly earnings data on Tuesday, August 20th. The financial services provider reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.13). The firm had revenue of $130.87 million for the quarter. Fanhua had a net margin of 15.68% and a return on equity of 20.59%. On average, research analysts predict that Fanhua will post 1.13 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Wednesday, September 4th were issued a $0.295 dividend. This is an increase from Fanhua’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 3rd. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.72%. Fanhua’s dividend payout ratio (DPR) is presently 82.52%.

Several large investors have recently made changes to their positions in FANH. Segantii Capital Management Ltd lifted its stake in Fanhua by 16.7% in the second 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 during the last quarter. Quantamental Technologies LLC purchased a new position in Fanhua during the second quarter valued at approximately $69,000. Aperio Group LLC purchased a new position in Fanhua during the second quarter valued at approximately $89,000. AQR Capital Management LLC increased its holdings in Fanhua by 4.1% during the second quarter. AQR Capital Management LLC now owns 69,976 shares of the financial services provider’s stock valued at $2,342,000 after buying an additional 2,764 shares during the period. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in Fanhua during the second quarter valued at approximately $112,000. 29.32% of the stock is owned by hedge funds and other institutional investors.

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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