Fanhua (NASDAQ:FANH) shares reached a new 52-week high and low on Thursday . The company traded as low as $37.11 and last traded at $36.68, with a volume of 26473 shares trading hands. The stock had previously closed at $32.78.
A number of research analysts have weighed in on FANH shares. BidaskClub upgraded shares of Fanhua from a “hold” rating to a “buy” rating in a research report on Thursday, May 24th. ValuEngine upgraded shares of Fanhua from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Fanhua from $32.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 23rd.
The firm has a market capitalization of $1.97 billion, a P/E ratio of 31.59 and a beta of 1.67.
The business also recently declared a quarterly dividend, which was paid on Monday, June 11th. Stockholders of record on Monday, June 4th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Friday, June 1st.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. bought a new position in shares of Fanhua in the first quarter worth about $5,885,000. Yiheng Capital LLC bought a new position in shares of Fanhua in the first quarter worth about $391,000. Jane Street Group LLC bought a new position in shares of Fanhua in the first quarter worth about $247,000. Citigroup Inc. grew its holdings in shares of Fanhua by 59.3% in the first quarter. Citigroup Inc. now owns 1,180,253 shares of the financial services provider’s stock worth $31,890,000 after purchasing an additional 439,136 shares during the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of Fanhua in the first quarter worth about $10,765,000. Hedge funds and other institutional investors own 25.30% of the company’s stock.
Fanhua Inc distributes insurance products in China. It operates through three segments: Insurance Agency, Insurance Brokerage; and Claims Adjusting. The Insurance Agency segment provides property and casualty insurance products, including automobile, individual accident, travel, disability income, commercial property, construction, and other property and casualty products; and life insurance products that consist of individual whole life, individual term life, individual endowment life, and individual education annuity, as well as group life and participating insurance products.
Receive News & Ratings for Fanhua Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fanhua and related companies with MarketBeat.com's FREE daily email newsletter.