Fanhua (FANH) Sets New 12-Month High and Low at $37.11

Fanhua (NASDAQ:FANH) shares reached a new 52-week high and low on Thursday . The company traded as low as $37.11 and last traded at $36.68, with a volume of 26473 shares trading hands. The stock had previously closed at $32.78.

A number of research analysts have weighed in on FANH shares. BidaskClub upgraded shares of Fanhua from a “hold” rating to a “buy” rating in a research report on Thursday, May 24th. ValuEngine upgraded shares of Fanhua from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Fanhua from $32.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 23rd.

The firm has a market capitalization of $1.97 billion, a P/E ratio of 31.59 and a beta of 1.67.

Fanhua (NASDAQ:FANH) last posted its quarterly earnings results on Monday, May 21st. The financial services provider reported $0.32 EPS for the quarter. The firm had revenue of $134.44 million for the quarter. Fanhua had a net margin of 14.10% and a return on equity of 12.97%.

The business also recently declared a quarterly dividend, which was paid on Monday, June 11th. Stockholders of record on Monday, June 4th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Friday, June 1st.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. bought a new position in shares of Fanhua in the first quarter worth about $5,885,000. Yiheng Capital LLC bought a new position in shares of Fanhua in the first quarter worth about $391,000. Jane Street Group LLC bought a new position in shares of Fanhua in the first quarter worth about $247,000. Citigroup Inc. grew its holdings in shares of Fanhua by 59.3% in the first quarter. Citigroup Inc. now owns 1,180,253 shares of the financial services provider’s stock worth $31,890,000 after purchasing an additional 439,136 shares during the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of Fanhua in the first quarter worth about $10,765,000. Hedge funds and other institutional investors own 25.30% of the company’s stock.

About Fanhua

Fanhua Inc distributes insurance products in China. It operates through three segments: Insurance Agency, Insurance Brokerage; 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 that consist of individual whole life, individual term life, individual endowment life, and individual education annuity, as well as group life and participating insurance products.

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