Fanhua Inc. (FANH) To Go Ex-Dividend on December 7th
Fanhua Inc. (NASDAQ:FANH) declared a None dividend on Wednesday, November 22nd, NASDAQ reports. Investors of record on Friday, December 8th will be paid a dividend of 0.195 per share by the financial services provider on Friday, December 22nd. This represents a yield of 3.49%. The ex-dividend date of this dividend is Thursday, December 7th.
Shares of Fanhua (FANH) traded down $0.32 during midday trading on Wednesday, reaching $21.59. 173,000 shares of the company were exchanged, compared to its average volume of 116,091. Fanhua has a 12-month low of $6.79 and a 12-month high of $23.94. The firm has a market cap of $1,330.00, a price-to-earnings ratio of 23.31 and a beta of 1.35.
Separately, ValuEngine upgraded shares of Fanhua from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.
A hedge fund recently raised its stake in Fanhua stock. State Street Corp boosted its position in Fanhua Inc. (NASDAQ:FANH) by 10.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 84,154 shares of the financial services provider’s stock after purchasing an additional 7,682 shares during the period. State Street Corp owned about 0.14% of Fanhua worth $720,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 15.49% of the company’s stock.
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Fanhua Inc, formerly CNinsure Inc, is an independent online-to-offline financial services provider in China. The Company distributes a range of property, casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China to individual and institutional customers, and provides insurance claims adjusting services.
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