Zacks Investment Research Lowers Fanhua (NASDAQ:FANH) to Hold

Fanhua (NASDAQ:FANH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Fanhua Inc. is a provider of financial services. Its product and services comprises property, casualty and life insurance products and insurance claims adjusting services. The company’s online segment includes CNpad, a mobile sales support application, Baoxian.com, an online entry portal for comparing and purchasing health, accident, travel and homeowner insurance products and eHuzhu a non-profit online mutual aid. Fanhua Inc. formerly known as CNinsure Inc. is headquatered in Guangzhou, China. “

Other equities research analysts have also issued reports about the company. Morgan Stanley initiated coverage on Fanhua in a report on Monday, July 29th. They issued an “overweight” rating for the company. CICC Research lowered Fanhua from an “outperform” rating to a “neutral” rating in a report on Wednesday, August 21st. ValuEngine upgraded Fanhua from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Finally, BidaskClub upgraded Fanhua from a “strong sell” rating to a “sell” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Fanhua currently has an average rating of “Hold” and an average target price of $28.00.

FANH traded down $0.05 on Friday, hitting $26.59. The company had a trading volume of 81,900 shares, compared to its average volume of 285,827. The company’s fifty day moving average price is $25.77 and its 200 day moving average price is $29.03. Fanhua has a 1-year low of $19.39 and a 1-year high of $35.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.87 and a quick ratio of 2.87. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 18.59 and a beta of 1.26.

Fanhua (NASDAQ:FANH) last posted its earnings results on Tuesday, August 20th. The financial services provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.13). Fanhua had a return on equity of 20.59% and a net margin of 15.68%. The company had revenue of $130.87 million during the quarter. On average, sell-side analysts forecast that Fanhua will post 1.13 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantamental Technologies LLC acquired a new stake in Fanhua in the 2nd quarter worth approximately $69,000. Aperio Group LLC acquired a new position in shares of Fanhua during the second quarter worth approximately $89,000. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Fanhua during the second quarter worth approximately $112,000. Tower Research Capital LLC TRC lifted its holdings in shares of Fanhua by 4,537.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,637 shares of the financial services provider’s stock worth $155,000 after buying an additional 4,537 shares during the last quarter. Finally, Segantii Capital Management Ltd lifted its holdings in shares of Fanhua by 16.7% during the second quarter. Segantii Capital Management Ltd now owns 8,932 shares of the financial services provider’s stock worth $299,000 after buying an additional 1,276 shares during the last quarter. Hedge funds and other institutional investors own 29.27% of the company’s stock.

Fanhua Company Profile

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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