Fanhua Inc (NASDAQ:FANH) – Investment analysts at Crystal Equity boosted their FY2019 earnings estimates for shares of Fanhua in a report released on Thursday, December 5th. Crystal Equity analyst D. Fiakas now expects that the financial services provider will post earnings of $1.44 per share for the year, up from their previous forecast of $1.31. Crystal Equity also issued estimates for Fanhua’s Q4 2019 earnings at $0.34 EPS and FY2020 earnings at $1.67 EPS.
Other analysts have also issued research reports about the stock. CICC Research lowered shares of Fanhua from an “outperform” rating to a “neutral” rating in a research report on Wednesday, August 21st. BidaskClub raised shares of Fanhua from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 6th. Zacks Investment Research raised shares of Fanhua from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research report on Monday. Finally, ValuEngine lowered shares of Fanhua from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $30.00.
Fanhua (NASDAQ:FANH) last announced its quarterly earnings data on Wednesday, November 20th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.36 by $0.08. The business had revenue of $115.19 million for the quarter, compared to analyst estimates of $135.82 million. Fanhua had a net margin of 14.71% and a return on equity of 20.55%.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.30 dividend. This is a positive change from Fanhua’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.20 annualized dividend and a yield of 4.79%. Fanhua’s payout ratio is currently 82.52%.
A number of hedge funds have recently made changes to their positions in the business. Quantamental Technologies LLC bought a new stake in Fanhua in the second quarter worth about $69,000. Aperio Group LLC purchased a new position in shares of Fanhua in the second quarter worth about $89,000. AQR Capital Management LLC increased its stake in shares of Fanhua by 4.1% in the second 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 in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Fanhua in the second quarter worth about $112,000. Finally, Pictet Asset Management Ltd. increased its stake in shares of Fanhua by 22.4% in the second quarter. Pictet Asset Management Ltd. now owns 18,600 shares of the financial services provider’s stock worth $623,000 after purchasing an additional 3,400 shares in the last quarter. 28.27% of the stock is currently owned by institutional investors and hedge funds.
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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