Fanhua (NASDAQ:FANH) Raised to Sell at BidaskClub

BidaskClub upgraded shares of Fanhua (NASDAQ:FANH) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday morning, BidAskClub reports.

Several other research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Fanhua from a hold rating to a strong-buy rating and set a $30.00 price objective on the stock in a research report on Monday, December 9th. ValuEngine downgraded shares of Fanhua from a buy rating to a hold rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Fanhua presently has a consensus rating of Hold and an average target price of $30.00.

Fanhua stock traded down $0.20 during midday trading on Tuesday, hitting $26.87. 86,410 shares of the company’s stock were exchanged, compared to its average volume of 201,292. Fanhua has a 12-month low of $20.19 and a 12-month high of $35.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.95 and a current ratio of 2.95. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 18.79 and a beta of 1.22. The firm’s 50 day simple moving average is $26.03 and its 200 day simple moving average is $27.98.

Fanhua (NASDAQ:FANH) last issued its quarterly earnings data on Wednesday, November 20th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.08. Fanhua had a net margin of 14.71% and a return on equity of 20.55%. The company had revenue of $115.19 million for the quarter, compared to the consensus estimate of $135.82 million. On average, equities research analysts forecast that Fanhua will post 1.44 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.30 per share. This is an increase from Fanhua’s previous quarterly dividend of $0.30. This represents a $1.20 annualized dividend and a yield of 4.47%. The ex-dividend date was Wednesday, December 4th. Fanhua’s dividend payout ratio (DPR) is presently 82.52%.

A number of institutional investors have recently modified their holdings of FANH. Bank of America Corp DE grew its position in Fanhua by 11.9% during the 2nd quarter. Bank of America Corp DE now owns 2,422,843 shares of the financial services provider’s stock worth $81,093,000 after purchasing an additional 257,043 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in shares of Fanhua in the 2nd quarter worth $7,481,000. BlackRock Inc. lifted its stake in shares of Fanhua by 28.3% in the 2nd quarter. BlackRock Inc. now owns 983,391 shares of the financial services provider’s stock worth $32,915,000 after acquiring an additional 217,095 shares during the period. UBS Group AG lifted its stake in shares of Fanhua by 9.1% in the 2nd quarter. UBS Group AG now owns 1,249,736 shares of the financial services provider’s stock worth $41,829,000 after acquiring an additional 104,515 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Fanhua by 242.4% in the 2nd quarter. Renaissance Technologies LLC now owns 101,000 shares of the financial services provider’s stock worth $3,380,000 after acquiring an additional 71,500 shares during the period. 28.27% of the stock is currently owned by institutional investors.

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.

Featured Article: What is diluted earnings per share (Diluted EPS)?

Receive News & Ratings for Fanhua Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fanhua and related companies with MarketBeat.com's FREE daily email newsletter.