Fanhua (FANH) Issues Earnings Results

Fanhua (NASDAQ:FANH) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.39 EPS for the quarter, Morningstar.com reports. Fanhua had a net margin of 17.52% and a return on equity of 17.52%. The firm had revenue of $144.78 million for the quarter.

Shares of NASDAQ:FANH traded up $0.32 during mid-day trading on Thursday, reaching $30.08. The stock had a trading volume of 2,708 shares, compared to its average volume of 339,927. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 20.08 and a beta of 1.44. Fanhua has a twelve month low of $19.39 and a twelve month high of $38.24.

FANH has been the topic of a number of research reports. BidaskClub upgraded shares of Fanhua from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. ValuEngine upgraded shares of Fanhua from a “hold” rating to a “buy” rating in a research report on Saturday, May 18th.

Several large investors have recently made changes to their positions in the stock. US Bancorp DE raised its stake in Fanhua by 10.1% in the first quarter. US Bancorp DE now owns 4,660 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 429 shares in the last quarter. Segantii Capital Management Ltd bought a new stake in Fanhua during the first quarter valued at about $201,000. Virtu Financial LLC bought a new stake in Fanhua during the fourth quarter valued at about $238,000. Bank of New York Mellon Corp bought a new stake in Fanhua during the fourth quarter valued at about $241,000. Finally, Advisor Group Inc. grew its holdings in Fanhua by 4.3% during the fourth quarter. Advisor Group Inc. now owns 12,412 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 514 shares during the period. Institutional investors and hedge funds own 30.02% of the company’s stock.

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About Fanhua

Fanhua Inc 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, including automobile, individual accident, travel, disability income, commercial property, construction, and other property and casualty products; and life insurance products, such as individual health, individual whole life, individual term life, individual endowment life, and individual annuity, as well as group life and participating insurance products.

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Earnings History for Fanhua (NASDAQ:FANH)

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