LMR Partners LLP raised its position in shares of CNinsure Inc. (NASDAQ:CISG) by 980.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 110,200 shares of the company’s stock after buying an additional 100,000 shares during the period. LMR Partners LLP’s holdings in CNinsure were worth $784,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of CNinsure by 19.7% in the first quarter. Geode Capital Management LLC now owns 16,352 shares of the company’s stock valued at $131,000 after buying an additional 2,696 shares during the period. Renaissance Technologies LLC purchased a new position in shares of CNinsure during the first quarter valued at about $120,000. Finally, Van Berkom & Associates Inc. boosted its position in shares of CNinsure by 7.4% in the second quarter. Van Berkom & Associates Inc. now owns 466,125 shares of the company’s stock valued at $3,314,000 after buying an additional 32,014 shares during the period. 10.58% of the stock is owned by institutional investors.
Shares of CNinsure Inc. (NASDAQ:CISG) traded down 1.40% on Monday, reaching $7.76. 35,799 shares of the company’s stock traded hands. CNinsure Inc. has a 12-month low of $6.19 and a 12-month high of $10.40. The stock has a 50-day moving average price of $8.17 and a 200-day moving average price of $7.77. The company has a market cap of $449.87 million, a PE ratio of 21.62 and a beta of 0.72.
CNinsure (NASDAQ:CISG) last issued its earnings results on Thursday, August 18th. The company reported $0.08 earnings per share (EPS) for the quarter. CNinsure had a net margin of 4.16% and a return on equity of 4.37%. Equities research analysts anticipate that CNinsure Inc. will post $0.39 EPS for the current fiscal year.
CNinsure Inc (CNinsure) 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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