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.
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.
COPYRIGHT VIOLATION WARNING: This story was first published by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/3143090/fanhua-fanh-trading-8-3-higher.html.
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.
Receive News & Ratings for Fanhua Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fanhua and related companies with MarketBeat.com's FREE daily email newsletter.