Fanhua (NASDAQ:FANH) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Fanhua (NASDAQ:FANH) in a research note published on Friday. The brokerage issued a hold rating on the financial services provider’s stock.

Fanhua Stock Performance

The stock has a market capitalization of $86.76 million, a price-to-earnings ratio of 2.10 and a beta of -0.06. The stock’s fifty day moving average is $1.40 and its 200-day moving average is $2.17. Fanhua has a 12 month low of $1.04 and a 12 month high of $7.48.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fanhua stock. Dimensional Fund Advisors LP boosted its stake in shares of Fanhua Inc. (NASDAQ:FANH) by 11.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 466,320 shares of the financial services provider’s stock after buying an additional 48,383 shares during the quarter. Dimensional Fund Advisors LP owned 0.82% of Fanhua worth $930,000 as of its most recent SEC filing. Institutional investors own 26.72% of the company’s stock.

About Fanhua

Fanhua Inc, together with its subsidiary, 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 that primarily include individual accident, travel, homeowner, and indemnity medical insurance products; and life insurance products, such as individual health, individual whole life, individual term life, individual endowment life, and individual annuity, as well as participating insurance products.