Dimensional Fund Advisors LP Buys 48,383 Shares of Fanhua Inc. (NASDAQ:FANH)

Dimensional Fund Advisors LP increased its stake in Fanhua Inc. (NASDAQ:FANH) by 11.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 466,320 shares of the financial services provider’s stock after buying an additional 48,383 shares during the period. Dimensional Fund Advisors LP owned 0.82% of Fanhua worth $930,000 at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Fanhua from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st.

Fanhua Stock Performance

Shares of FANH opened at $1.87 on Monday. The stock has a market cap of $106.04 million, a PE ratio of 2.56 and a beta of -0.06. Fanhua Inc. has a fifty-two week low of $1.04 and a fifty-two week high of $7.53. The firm’s 50-day simple moving average is $1.37 and its two-hundred day simple moving average is $2.36.

Fanhua Profile

Fanhua Inc, together with its subsidiary, 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 that primarily include individual accident, travel, homeowner, and indemnity medical insurance products; and life insurance products, such as individual health, individual whole life, individual term life, individual endowment life, and individual annuity, as well as participating insurance products.