BidaskClub Downgrades Fanhua (NASDAQ:FANH) to Hold

BidaskClub downgraded shares of Fanhua (NASDAQ:FANH) from a buy rating to a hold rating in a research note published on Tuesday morning, BidAskClub reports.

A number of other research analysts have also recently commented on FANH. ValuEngine cut Fanhua from a buy rating to a hold rating in a research report on Tuesday, August 6th. Morgan Stanley assumed coverage on Fanhua in a research report on Monday, July 29th. They set an overweight rating on the stock.

Shares of NASDAQ FANH opened at $27.27 on Tuesday. Fanhua has a one year low of $19.39 and a one year high of $35.55. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.84 and a quick ratio of 2.84. The business’s fifty day moving average price is $32.47 and its 200-day moving average price is $28.80. The stock has a market capitalization of $1.77 billion, a PE ratio of 19.07 and a beta of 1.23.

Fanhua (NASDAQ:FANH) last issued its quarterly earnings results on Tuesday, August 20th. The financial services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.13). Fanhua had a net margin of 15.68% and a return on equity of 19.86%. The firm had revenue of $130.87 million for the quarter. As a group, equities analysts expect that Fanhua will post 1.31 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Tuesday, September 3rd. This is a boost from Fanhua’s previous quarterly dividend of $0.25. Fanhua’s dividend payout ratio is currently 82.52%.

Several hedge funds and other institutional investors have recently modified their holdings of FANH. Quantamental Technologies LLC purchased a new stake in Fanhua during the 2nd quarter worth about $69,000. Aperio Group LLC purchased a new stake in Fanhua during the 2nd quarter worth about $89,000. Mark Sheptoff Financial Planning LLC purchased a new stake in Fanhua during the 2nd quarter worth about $112,000. Tower Research Capital LLC TRC lifted its holdings in Fanhua by 4,537.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,637 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 4,537 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Fanhua during the 4th quarter worth about $241,000. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

About Fanhua

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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