Fanhua Inc (NASDAQ:FANH) Announces Quarterly Dividend of $0.30

Fanhua Inc (NASDAQ:FANH) announced a quarterly dividend on Wednesday, November 20th, Zacks reports. Investors of record on Thursday, December 5th will be given a dividend of 0.30 per share by the financial services provider on Thursday, December 19th. This represents a $1.20 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend is Wednesday, December 4th. This is an increase from Fanhua’s previous quarterly dividend of $0.30.

Shares of Fanhua stock opened at $27.20 on Monday. The stock’s fifty day moving average is $25.82 and its two-hundred day moving average is $29.10. The company has a market capitalization of $1.77 billion, a PE ratio of 19.02 and a beta of 1.24. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.05. Fanhua has a 52 week low of $19.39 and a 52 week high of $35.55.

Fanhua (NASDAQ:FANH) last announced its quarterly earnings data on Wednesday, November 20th. The financial services provider reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.08. The company had revenue of $115.19 million for the quarter, compared to the consensus estimate of $135.82 million. Fanhua had a return on equity of 20.55% and a net margin of 14.71%. As a group, research analysts anticipate that Fanhua will post 1.13 earnings per share for the current year.

Several equities analysts have commented on FANH shares. CICC Research downgraded Fanhua from an “outperform” rating to a “neutral” rating in a research report on Wednesday, August 21st. ValuEngine downgraded Fanhua from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Zacks Investment Research raised Fanhua from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Friday, November 15th. Finally, BidaskClub raised Fanhua from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Fanhua presently has a consensus rating of “Hold” and an average target price of $30.00.

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.

Further Reading: Quiet Period Expirations

Dividend History for Fanhua (NASDAQ:FANH)

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