Quantamental Technologies LLC Buys New Stake in Fanhua Inc (NASDAQ:FANH)

Quantamental Technologies LLC bought a new stake in shares of Fanhua Inc (NASDAQ:FANH) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,059 shares of the financial services provider’s stock, valued at approximately $69,000.

Several other institutional investors have also recently modified their holdings of the business. Citigroup Inc. grew its stake in shares of Fanhua by 9.9% in the 1st quarter. Citigroup Inc. now owns 1,663,168 shares of the financial services provider’s stock valued at $43,674,000 after buying an additional 150,248 shares during the period. Bank of Montreal Can acquired a new stake in shares of Fanhua in the 1st quarter valued at $1,418,000. JPMorgan Chase & Co. purchased a new position in shares of Fanhua in the 2nd quarter valued at $670,000. Stevens Capital Management LP purchased a new position in shares of Fanhua in the 1st quarter valued at $422,000. Finally, Aperio Group LLC purchased a new position in shares of Fanhua in the 2nd quarter valued at $89,000. Institutional investors and hedge funds own 29.32% of the company’s stock.

Shares of NASDAQ:FANH traded up $0.22 during trading on Friday, reaching $27.03. The stock had a trading volume of 30,087 shares, compared to its average volume of 353,932. The business has a fifty day moving average price of $30.03 and a 200-day moving average price of $28.91. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.74 billion, a P/E ratio of 18.90 and a beta of 1.34. Fanhua Inc has a fifty-two week low of $19.39 and a fifty-two week high of $35.55.

Fanhua (NASDAQ:FANH) last posted its quarterly earnings data on Tuesday, August 20th. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.13). The firm had revenue of $130.87 million during the quarter. Fanhua had a net margin of 15.68% and a return on equity of 20.59%. As a group, equities analysts forecast that Fanhua Inc will post 0.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Wednesday, September 4th will be given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Tuesday, September 3rd. This is a positive change from Fanhua’s previous quarterly dividend of $0.25. Fanhua’s payout ratio is currently 82.52%.

FANH has been the topic of several analyst reports. BidaskClub downgraded shares of Fanhua from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Morgan Stanley assumed coverage on shares of Fanhua in a research report on Monday, July 29th. They set an “overweight” rating for the company. CICC Research cut shares of Fanhua from an “outperform” rating to a “neutral” rating in a research report on Wednesday, August 21st. Finally, ValuEngine cut shares of Fanhua from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th.

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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Institutional Ownership by Quarter for Fanhua (NASDAQ:FANH)

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