Fanhua Inc (NASDAQ:FANH) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price objective of $38.00 for the company and are anticipating that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also given Fanhua an industry rank of 68 out of 256 based on the ratings given to its competitors.
A number of equities research analysts have recently weighed in on FANH shares. BidaskClub raised Fanhua from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Morgan Stanley started coverage on Fanhua in a report on Monday, July 29th. They set an “overweight” rating on the stock. Finally, ValuEngine cut Fanhua from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.
Fanhua (NASDAQ:FANH) last announced its quarterly earnings results on Wednesday, May 22nd. The financial services provider reported $0.39 earnings per share (EPS) for the quarter. The company had revenue of $144.78 million during the quarter. Fanhua had a return on equity of 20.08% and a net margin of 17.41%. Analysts forecast that Fanhua will post 1.31 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Krane Funds Advisors LLC grew its holdings in shares of Fanhua by 4,948.0% in the first quarter. Krane Funds Advisors LLC now owns 545,690 shares of the financial services provider’s stock worth $14,330,000 after purchasing an additional 534,880 shares during the last quarter. Bank of America Corp DE grew its holdings in Fanhua by 11.9% during the second quarter. Bank of America Corp DE now owns 2,422,843 shares of the financial services provider’s stock worth $81,093,000 after acquiring an additional 257,043 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in Fanhua during the second quarter worth about $7,481,000. BlackRock Inc. grew its holdings in Fanhua by 28.3% during the second quarter. BlackRock Inc. now owns 983,391 shares of the financial services provider’s stock worth $32,915,000 after acquiring an additional 217,095 shares during the period. Finally, Norges Bank acquired a new stake in Fanhua during the fourth quarter worth about $3,931,000. Institutional investors and hedge funds own 28.13% of the company’s stock.
Fanhua Inc distributes insurance products in China. It operates through two segments, Insurance Agency 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, such as individual health, individual whole life, individual term life, individual endowment life, and individual annuity, as well as group life and participating insurance products.
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