Fanhua (NASDAQ:FANH) Upgraded at StockNews.com

StockNews.com upgraded shares of Fanhua (NASDAQ:FANH) from a sell rating to a hold rating in a research note released on Tuesday morning.

Fanhua Trading Down 4.6 %

Shares of NASDAQ FANH opened at $1.45 on Tuesday. The stock’s 50-day moving average is $1.34 and its 200 day moving average is $2.51. The stock has a market cap of $82.22 million, a price-to-earnings ratio of 1.99 and a beta of -0.07. Fanhua has a 1-year low of $1.04 and a 1-year high of $7.54.

Institutional Investors Weigh In On Fanhua

A hedge fund recently raised its stake in Fanhua stock. Dimensional Fund Advisors LP raised its holdings in shares of Fanhua Inc. (NASDAQ:FANH) by 11.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 466,320 shares of the financial services provider’s stock after buying an additional 48,383 shares during the period. Dimensional Fund Advisors LP owned about 0.82% of Fanhua worth $930,000 at the end of the most recent reporting period. 26.72% of the stock is currently owned by 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.