Fanhua (FANH) Trading 8.3% Higher

Fanhua Inc (NASDAQ:FANH) traded up 8.3% during mid-day trading on Wednesday . The company traded as high as $26.45 and last traded at $26.26. 687,100 shares changed hands during trading, an increase of 201% from the average session volume of 227,910 shares. The stock had previously closed at $24.25.

Separately, ValuEngine lowered shares of Fanhua from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.

The company has a market capitalization of $1,630.00, a price-to-earnings ratio of 26.64 and a beta of 1.33.

Fanhua (NASDAQ:FANH) last released its earnings results on Monday, November 20th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter. Fanhua had a net margin of 7.84% and a return on equity of 10.93%.

The company also recently disclosed a None dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were issued a $0.195 dividend. The ex-dividend date was Thursday, December 7th. This represents a dividend yield of 3.49%. Fanhua’s payout ratio is 30.30%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp raised its stake in Fanhua by 2.8% during the 2nd quarter. Northern Trust Corp now owns 26,235 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 725 shares in the last quarter. Greenwoods Asset Management Ltd raised its stake in Fanhua by 3.2% during the 3rd quarter. Greenwoods Asset Management Ltd now owns 136,160 shares of the financial services provider’s stock worth $1,712,000 after acquiring an additional 4,260 shares in the last quarter. State Street Corp raised its stake in Fanhua by 10.0% during the 2nd 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 in the last quarter. California Public Employees Retirement System raised its stake in Fanhua by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 369,300 shares of the financial services provider’s stock worth $3,161,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Group One Trading L.P. acquired a new stake in Fanhua during the 3rd quarter worth $108,000. Institutional investors and hedge funds own 15.49% of the company’s stock.

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About Fanhua

Fanhua Inc, formerly CNinsure Inc, 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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