StockNews.com Initiates Coverage on Fanhua (NASDAQ:FANH)

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

Fanhua Price Performance

Fanhua has a 1-year low of $1.04 and a 1-year high of $7.48. The company has a market cap of $86.76 million, a P/E ratio of 2.10 and a beta of -0.06. The business has a fifty day moving average price of $1.41 and a two-hundred day moving average price of $2.10.

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 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 about 0.82% of Fanhua worth $930,000 as of its most recent SEC filing. 26.72% of the stock is owned by institutional investors and hedge funds.

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.