Fanhua (NASDAQ:FANH) Now Covered by StockNews.com

StockNews.com began coverage on shares of Fanhua (NASDAQ:FANH) in a report released on Saturday morning. The firm issued a hold rating on the financial services provider’s stock.

Fanhua Stock Performance

The company has a market cap of $86.76 million, a price-to-earnings ratio of 2.10 and a beta of -0.06. Fanhua has a 12-month low of $1.04 and a 12-month high of $7.48. The stock’s 50 day simple moving average is $1.40 and its 200 day simple moving average is $2.15.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fanhua stock. Dimensional Fund Advisors LP increased its holdings in shares of Fanhua Inc. (NASDAQ:FANH) by 11.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 466,320 shares of the financial services provider’s stock after buying an additional 48,383 shares during the quarter. Dimensional Fund Advisors LP owned 0.82% of Fanhua worth $930,000 as of its most recent SEC filing. 26.72% of the stock is currently owned by institutional investors.

About Fanhua

Fanhua Inc, together with its subsidiary, 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 that primarily include individual accident, travel, homeowner, and indemnity medical insurance products; and life insurance products, such as individual health, individual whole life, individual term life, individual endowment life, and individual annuity, as well as participating insurance products.