Fanhua (NASDAQ: FANH – Get a rating) is expected to release its quarterly results after the market closes on Tuesday, August 23. Parties wishing to listen to the company’s conference call can do so using this link.
Fanhua (NASDAQ: FANH – Get a rating) last released its results on Thursday, May 26. The financial services provider reported EPS of $0.12 for the quarter. The company had revenue of $108.28 million in the quarter. Fanhua had a return on equity of 9.33% and a net margin of 2.57%.
Fanhua trades up 1.5%
NASDAQ: FANH opened at $4.63 on Friday. The company has a market capitalization of $248.72 million, a PE ratio of 22.05 and a beta of 0.49. The stock has a 50-day moving average of $4.91 and a 200-day moving average of $5.87. Fanhua has a 52-week low of $4.31 and a 52-week high of $15.25.
Hedge funds weigh on Fanhua
Institutional investors and hedge funds have recently increased or reduced their stakes in the company. Jane Street Group LLC bought a new position in Fanhua in Q2 worth around $96,000. Penserra Capital Management LLC bought a new position in Fanhua in Q1 worth approximately $133,000. Gabelli Funds LLC increased its holdings in Fanhua by 63.3% in Q1. Gabelli Funds LLC now owns 24,500 shares of the financial services provider worth $178,000 after buying an additional 9,500 shares in the last quarter. Invesco Ltd. increased its holdings in Fanhua by 59.1% in the first quarter. Invesco Ltd. now owns 40,687 shares of the financial services provider worth $296,000 after buying an additional 15,109 shares last quarter. Finally, Hsbc Holdings PLC increased its stake in Fanhua by 2.8% in the 1st quarter. Hsbc Holdings PLC now owns 73,817 shares of the financial services provider worth $543,000 after buying 2,026 additional shares last quarter. 25.05% of the shares are held by institutional investors.
Changes to analyst ratings
FANH has been the subject of several recent research reports. StockNews.com launched a coverage on Fanhua in a report on Saturday, July 16. They set a “holding” rating for the company. TheStreet downgraded Fanhua from a “c-” rating to a “d+” rating in a report on Tuesday, June 14.
About Fanhua
Fanhua Inc, together with its subsidiary, distributes insurance products in China. It operates through two segments, Insurance Agency and Claims Settlement. The Insurance Agency segment provides property and casualty insurance products which mainly include personal accident, travel, homeowner and medical indemnity insurance products; and life insurance products, such as individual health insurance, individual whole life insurance, individual term life insurance, endowment life insurance and individual annuity, as well as participating insurance.
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