Fanhua (NASDAQ:FANH) Sets New 1-Year High at $34.62

Fanhua Inc (NASDAQ:FANH)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $34.62 and last traded at $34.40, with a volume of 15551 shares traded. The stock had previously closed at $33.61.

A number of equities analysts have recently commented on the stock. ValuEngine downgraded shares of Zymeworks from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. BidaskClub downgraded shares of Zynga from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th.

The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 21.52 and a beta of 1.25. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $31.89.

Fanhua (NASDAQ:FANH) last announced its earnings results on Wednesday, May 22nd. The financial services provider reported $0.39 earnings per share (EPS) for the quarter. The business had revenue of $144.78 million during the quarter. Fanhua had a net margin of 17.41% and a return on equity of 20.08%.

The company also recently announced a special dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, June 5th. This is a boost from Fanhua’s previous special dividend of $0.25.

Several institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. increased its position in shares of Fanhua by 4.3% during the 4th quarter. Advisor Group Inc. now owns 12,412 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 514 shares in the last quarter. Segantii Capital Management Ltd acquired a new stake in shares of Fanhua during the 1st quarter worth about $201,000. Korea Investment CORP increased its position in shares of Fanhua by 6.5% during the 4th quarter. Korea Investment CORP now owns 172,700 shares of the financial services provider’s stock worth $3,791,000 after purchasing an additional 10,500 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Fanhua by 49.0% during the 4th quarter. Geode Capital Management LLC now owns 32,936 shares of the financial services provider’s stock worth $722,000 after purchasing an additional 10,837 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Fanhua during the 4th quarter worth about $241,000. Institutional investors and hedge funds own 30.88% of the company’s stock.

About Fanhua (NASDAQ:FANH)

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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