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

Investment analysts at StockNews.com initiated coverage on shares of Fanhua (NASDAQ:FANH) in a research note issued to investors on Friday. The firm set a “hold” rating on the financial services provider’s stock.

Fanhua Price Performance

The firm’s fifty day simple moving average is $1.40 and its 200 day simple moving average is $2.17. Fanhua has a one year low of $1.04 and a one year high of $7.48. The company has a market capitalization of $86.76 million, a P/E ratio of 2.10 and a beta of -0.06.

Institutional Investors Weigh In On Fanhua

An institutional investor recently raised its position in Fanhua stock. Dimensional Fund Advisors LP lifted its stake in Fanhua Inc. (NASDAQ:FANH) by 11.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 466,320 shares of the financial services provider’s stock after purchasing 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 filing with the Securities and Exchange Commission (SEC). 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.