Fanhua (NASDAQ:FANH) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Fanhua (NASDAQ:FANH) in a research note published on Monday morning. The firm issued a hold rating on the financial services provider’s stock.

Fanhua Stock Performance

Shares of FANH stock opened at $1.53 on Monday. The stock has a market cap of $86.76 million, a PE ratio of 2.10 and a beta of -0.06. The business’s fifty day moving average is $1.42 and its 200-day moving average is $2.10. Fanhua has a 1 year low of $1.04 and a 1 year high of $7.48.

Institutional Investors Weigh In On Fanhua

An institutional investor recently raised its position in Fanhua stock. Dimensional Fund Advisors LP raised its position in shares of Fanhua Inc. (NASDAQ:FANH) by 11.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter. Institutional investors and hedge funds own 26.72% of the company’s stock.

Fanhua Company Profile

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.