Fanhua (NASDAQ:FANH) Trading Down 3.2%

Shares of Fanhua Inc. (NASDAQ:FANH) traded down 3.2% on Wednesday . The stock traded as low as $14.41 and last traded at $14.53. 2,051 shares were traded during mid-day trading, a decline of 98% from the average session volume of 87,376 shares. The stock had previously closed at $15.01.

Separately, Zacks Investment Research upgraded Fanhua from a “strong sell” rating to a “hold” rating in a research report on Monday, May 24th.

The stock has a market capitalization of $780.19 million, a PE ratio of 15.01 and a beta of 0.58. The business has a fifty day moving average price of $13.79.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 25th. Stockholders of record on Friday, June 11th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Thursday, June 10th. Fanhua’s dividend payout ratio is 69.88%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its stake in Fanhua by 2.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,340,081 shares of the financial services provider’s stock valued at $32,597,000 after acquiring an additional 48,771 shares during the last quarter. Citigroup Inc. boosted its position in shares of Fanhua by 0.3% in the 1st quarter. Citigroup Inc. now owns 1,670,231 shares of the financial services provider’s stock worth $23,266,000 after purchasing an additional 5,340 shares during the last quarter. Morgan Stanley boosted its position in shares of Fanhua by 2.0% in the 4th quarter. Morgan Stanley now owns 1,644,428 shares of the financial services provider’s stock worth $19,799,000 after purchasing an additional 32,431 shares during the last quarter. UBS Group AG grew its stake in shares of Fanhua by 0.5% during the first quarter. UBS Group AG now owns 1,258,325 shares of the financial services provider’s stock worth $17,528,000 after purchasing an additional 6,162 shares during the period. Finally, Credit Suisse AG grew its position in shares of Fanhua by 2.8% during the 1st quarter. Credit Suisse AG now owns 1,127,965 shares of the financial services provider’s stock worth $15,713,000 after buying an additional 30,743 shares during the period. Institutional investors and hedge funds own 29.50% of the company’s stock.

Fanhua Company Profile (NASDAQ:FANH)

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.

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