Fanhua (NASDAQ:FANH) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Fanhua (NASDAQ:FANH) in a research report issued on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

Fanhua Trading Down 1.3 %

Shares of NASDAQ FANH opened at $1.53 on Monday. The stock has a market cap of $86.76 million, a P/E ratio of 2.10 and a beta of -0.06. The stock has a 50 day moving average of $1.41 and a two-hundred day moving average of $2.10. Fanhua has a twelve month low of $1.04 and a twelve month high of $7.48.

Hedge Funds Weigh In On Fanhua

A hedge fund recently raised its stake in Fanhua stock. Dimensional Fund Advisors LP lifted its position in shares of Fanhua Inc. (NASDAQ:FANH) by 11.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 0.82% of Fanhua worth $930,000 at the end of the most recent quarter. 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.