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

StockNews.com assumed coverage on shares of Fanhua (NASDAQ:FANH) in a report issued on Saturday. The brokerage issued a hold rating on the financial services provider’s stock.

Fanhua Price Performance

The company has a market cap of $86.76 million, a price-to-earnings ratio of 2.10 and a beta of -0.06. The business has a 50-day moving average of $1.40 and a two-hundred day moving average of $2.15. Fanhua has a 12-month low of $1.04 and a 12-month high of $7.48.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fanhua stock. Dimensional Fund Advisors LP increased its holdings in shares of Fanhua Inc. (NASDAQ:FANH) by 11.6% during the second quarter, according to its most recent 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 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 hedge funds and other institutional investors.

About Fanhua

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.