Fanhua (NASDAQ:FANH) Shares Gap Down to $12.35

Fanhua Inc. (NASDAQ:FANH) shares gapped down prior to trading on Monday . The stock had previously closed at $12.35, but opened at $11.85. Fanhua shares last traded at $12.25, with a volume of 752 shares traded.

Separately, Zacks Investment Research cut shares of Fanhua from a “buy” rating to a “strong sell” rating in a research report on Thursday, September 16th.

The firm’s 50-day moving average is $13.83 and its two-hundred day moving average is $14.09. The stock has a market cap of $660.99 million, a P/E ratio of 13.28 and a beta of 0.55.

Fanhua (NASDAQ:FANH) last issued its earnings results on Sunday, August 22nd. The financial services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $106.86 million during the quarter. Fanhua had a net margin of 9.54% and a return on equity of 17.74%. Equities research analysts anticipate that Fanhua Inc. will post 1.01 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 23rd. Shareholders of record on Tuesday, September 7th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.87%. The ex-dividend date of this dividend was Friday, September 3rd. Fanhua’s payout ratio is 69.88%.

Institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC raised its position in shares of Fanhua by 1,209.7% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,366 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 3,109 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Fanhua by 95.8% in the 1st quarter. JPMorgan Chase & Co. now owns 6,292 shares of the financial services provider’s stock valued at $88,000 after buying an additional 3,078 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Fanhua in the 2nd quarter valued at $175,000. UBS Asset Management Americas Inc. bought a new stake in shares of Fanhua in the 2nd quarter valued at $208,000. Finally, Schonfeld Strategic Advisors LLC increased its position in shares of Fanhua by 15.8% in the 1st quarter. Schonfeld Strategic Advisors LLC now owns 21,200 shares of the financial services provider’s stock valued at $296,000 after buying an additional 2,900 shares in the last quarter. Institutional investors own 26.59% of the company’s stock.

About Fanhua (NASDAQ:FANH)

Fanhua, Inc engages in the provision of online-to-offline financial services. It operates through the following business segments: Insurance Agency, Insurance Brokerage, and Claims Adjusting. The Insurance Agency segment comprises of property and casualty insurance products as well as life insurance products.

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