Fanhua (NASDAQ:FANH) was downgraded by equities researchers at CICC Research from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday, The Fly reports.

A number of other equities research analysts have also commented on the stock. Morgan Stanley assumed coverage on shares of Fanhua in a report on Monday, July 29th. They set an “overweight” rating on the stock. ValuEngine lowered shares of Fanhua from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, BidaskClub lowered shares of Fanhua from a “buy” rating to a “hold” rating in a report on Tuesday.

Fanhua stock traded up $0.38 on Wednesday, hitting $28.88. The company’s stock had a trading volume of 578,525 shares, compared to its average volume of 317,599. The firm has a market cap of $1.98 billion, a P/E ratio of 20.20 and a beta of 1.23. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of $32.75 and a 200-day moving average price of $28.78. Fanhua has a one year low of $19.39 and a one year high of $35.55.

Fanhua (NASDAQ:FANH) last posted its earnings results on Tuesday, August 20th. The financial services provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.13). Fanhua had a return on equity of 20.08% and a net margin of 17.41%. The firm had revenue of $130.87 million during the quarter. Analysts anticipate that Fanhua will post 1.31 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Quantamental Technologies LLC bought a new position in shares of Fanhua during the 2nd quarter worth approximately $69,000. Aperio Group LLC bought a new position in Fanhua in the second quarter valued at about $89,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Fanhua during the second quarter worth about $112,000. Tower Research Capital LLC TRC grew its holdings in shares of Fanhua by 4,537.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,637 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 4,537 shares during the last quarter. Finally, Segantii Capital Management Ltd boosted its holdings 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 valued at $299,000 after acquiring an additional 1,276 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

Fanhua Company Profile

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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