Fanhua (FANH) Trading 12% Higher

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Fanhua Inc (NASDAQ:FANH)’s share price traded up 12% during trading on Thursday . The stock traded as high as $30.03 and last traded at $29.78. 681,020 shares traded hands during trading, an increase of 161% from the average session volume of 260,437 shares. The stock had previously closed at $26.60.

Several equities research analysts have recently issued reports on FANH shares. ValuEngine upgraded shares of Fanhua from a “hold” rating to a “buy” rating in a report on Saturday. BidaskClub upgraded shares of Fanhua from a “sell” rating to a “hold” rating in a report on Friday.

The firm has a market capitalization of $1.98 billion, a PE ratio of 20.54 and a beta of 1.44.

Fanhua (NASDAQ:FANH) last released its earnings results on Monday, March 11th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter. The firm had revenue of $126.82 million during the quarter. Fanhua had a net margin of 17.52% and a return on equity of 17.52%.

Institutional investors have recently added to or reduced their stakes in the company. Segantii Capital Management Ltd bought a new stake in shares of Fanhua in the 1st quarter worth about $201,000. WINTON GROUP Ltd lifted its holdings in shares of Fanhua by 25.0% in the 4th quarter. WINTON GROUP Ltd now owns 15,822 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 3,163 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Fanhua by 5,475.5% in the 3rd quarter. Vanguard Group Inc now owns 1,222,045 shares of the financial services provider’s stock worth $33,020,000 after acquiring an additional 1,200,127 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Fanhua in the 4th quarter worth about $238,000. Finally, BlackRock Inc. lifted its holdings in shares of Fanhua by 16.7% in the 4th quarter. BlackRock Inc. now owns 701,583 shares of the financial services provider’s stock worth $15,401,000 after acquiring an additional 100,289 shares during the last quarter. Hedge funds and other institutional investors own 29.41% of the company’s stock.

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About Fanhua (NASDAQ:FANH)

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.

Further Reading: Why are analyst ratings important in trading stocks?

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