Shares of Fanhua Inc (NASDAQ:FANH) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a 12-month consensus target price of $38.00 for the company and are forecasting that the company will post $0.27 EPS for the current quarter, according to Zacks. Zacks has also assigned Fanhua an industry rank of 28 out of 256 based on the ratings given to its competitors.

A number of equities research analysts recently weighed in on FANH shares. BidaskClub cut Fanhua from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley started coverage on Fanhua in a research note on Monday, July 29th. They set an “overweight” rating for the company. Finally, ValuEngine cut Fanhua from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.

Shares of FANH stock traded down $1.35 during mid-day trading on Friday, hitting $27.15. The stock had a trading volume of 4,350 shares, compared to its average volume of 315,654. Fanhua has a 12-month low of $19.39 and a 12-month high of $35.55. The firm has a market capitalization of $1.98 billion, a P/E ratio of 18.98 and a beta of 1.23. The firm’s 50-day moving average is $32.85 and its two-hundred day moving average is $28.77. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.84 and a quick ratio of 2.84.

Fanhua (NASDAQ:FANH) last issued its earnings results on Tuesday, August 20th. The financial services provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.13). Fanhua had a return on equity of 20.08% and a net margin of 17.41%. The firm had revenue of $130.87 million during the quarter. Analysts expect that Fanhua will post 1.31 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new position in shares of Fanhua during the fourth quarter valued at approximately $241,000. Geode Capital Management LLC increased its stake in shares of Fanhua by 49.0% in the 4th quarter. Geode Capital Management LLC now owns 32,936 shares of the financial services provider’s stock valued at $722,000 after acquiring an additional 10,837 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Fanhua in the 4th quarter valued at $513,000. Norges Bank bought a new stake in shares of Fanhua in the 4th quarter valued at $3,931,000. Finally, Bank of Montreal Can bought a new stake in shares of Fanhua in the 1st quarter valued at $1,418,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

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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