Fanhua (FANH) Stock Rating Lowered by BidaskClub

Fanhua (NASDAQ:FANH) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Shares of FANH stock opened at $26.87 on Tuesday. Fanhua has a one year low of $7.31 and a one year high of $33.81. The stock has a market cap of $1,540.82, a PE ratio of 24.72 and a beta of 1.65.

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Fanhua (NASDAQ:FANH) last issued its quarterly earnings results on Monday, March 12th. The financial services provider reported $0.31 EPS for the quarter. Fanhua had a net margin of 10.66% and a return on equity of 11.91%. The business had revenue of $106.12 million for the quarter.

Several hedge funds have recently modified their holdings of the company. Deutsche Bank AG lifted its position in shares of Fanhua by 319.4% during the fourth quarter. Deutsche Bank AG now owns 543,470 shares of the financial services provider’s stock worth $11,749,000 after purchasing an additional 413,883 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Fanhua by 1,002.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 527,672 shares of the financial services provider’s stock worth $11,408,000 after acquiring an additional 479,802 shares during the last quarter. Matthews International Capital Management LLC lifted its holdings in Fanhua by 2.5% in the fourth quarter. Matthews International Capital Management LLC now owns 332,600 shares of the financial services provider’s stock worth $7,191,000 after acquiring an additional 8,200 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Fanhua by 12.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 298,860 shares of the financial services provider’s stock worth $6,461,000 after acquiring an additional 32,137 shares during the last quarter. Finally, State Street Corp lifted its holdings in Fanhua by 10.0% in the second quarter. State Street Corp now owns 84,154 shares of the financial services provider’s stock worth $720,000 after acquiring an additional 7,682 shares during the last quarter. 16.14% of the stock is currently owned by institutional investors and hedge funds.

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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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