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

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

Fanhua Stock Performance

The firm has a market capitalization 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 company has a 50 day moving average price of $1.40 and a 200-day moving average price of $2.15.

Hedge Funds Weigh In On Fanhua

An institutional investor recently raised its position in Fanhua stock. Dimensional Fund Advisors LP grew its stake in Fanhua Inc. (NASDAQ:FANH) by 11.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 466,320 shares of the financial services provider’s stock after acquiring an additional 48,383 shares during the period. Dimensional Fund Advisors LP owned 0.82% of Fanhua worth $930,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors 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.