Fanhua (NASDAQ:FANH) Now Covered by StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Fanhua (NASDAQ:FANH) in a report released on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

Fanhua Stock Performance

The firm has a 50-day moving average price of $1.40 and a 200-day moving average price of $2.15. The company has a market capitalization of $86.76 million, a PE ratio of 2.10 and a beta of -0.06. Fanhua has a 1-year low of $1.04 and a 1-year high of $7.48.

Institutional Investors Weigh In On Fanhua

An institutional investor recently raised its position in Fanhua stock. Dimensional Fund Advisors LP increased its stake in shares of 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 & Exchange Commission. The firm owned 466,320 shares of the financial services provider’s stock after purchasing an additional 48,383 shares during the period. Dimensional Fund Advisors LP owned approximately 0.82% of Fanhua worth $930,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 26.72% of the company’s stock.

Fanhua Company 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.