Fanhua (NASDAQ:FANH) Downgraded by StockNews.com

StockNews.com lowered shares of Fanhua (NASDAQ:FANH) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

Fanhua Trading Down 1.8 %

NASDAQ FANH opened at $1.09 on Monday. The stock has a fifty day simple moving average of $1.36 and a 200-day simple moving average of $2.64. The stock has a market cap of $61.81 million, a PE ratio of 1.49 and a beta of -0.07. Fanhua has a twelve month low of $1.04 and a twelve month high of $7.73.

Hedge Funds Weigh In On Fanhua

A hedge fund recently raised its stake 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 the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 466,320 shares of the financial services provider’s stock after buying an additional 48,383 shares during the period. Dimensional Fund Advisors LP owned about 0.82% of Fanhua worth $930,000 as of its most recent filing with the Securities & Exchange Commission. 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.