BidaskClub upgraded shares of Fanhua (NASDAQ:FANH) from a strong sell rating to a sell rating in a research note released on Tuesday, BidAskClub reports.

A number of other brokerages have also recently issued reports on FANH. ValuEngine cut shares of Fanhua from a buy rating to a hold rating in a report on Thursday, November 14th. Zacks Investment Research raised shares of Fanhua from a hold rating to a strong-buy rating and set a $30.00 price objective for the company in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Fanhua presently has a consensus rating of Hold and an average price target of $30.00.

NASDAQ FANH traded up $0.20 during trading hours on Tuesday, hitting $26.76. 12,228 shares of the stock were exchanged, compared to its average volume of 216,533. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 18.72 and a beta of 1.22. Fanhua has a 12-month low of $19.39 and a 12-month high of $35.55. The stock has a 50-day moving average of $26.01 and a 200 day moving average of $28.04. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.05.

Fanhua (NASDAQ:FANH) last posted its quarterly earnings results on Wednesday, November 20th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.08. The firm had revenue of $115.19 million during the quarter, compared to analysts’ expectations of $135.82 million. Fanhua had a net margin of 14.71% and a return on equity of 20.55%. On average, equities research analysts expect that Fanhua will post 1.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.48%. This is a boost from Fanhua’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, December 4th. Fanhua’s dividend payout ratio (DPR) is 82.52%.

Several institutional investors and hedge funds have recently modified their holdings of FANH. State Street Corp increased its stake in Fanhua by 2.4% during the 3rd quarter. State Street Corp now owns 296,087 shares of the financial services provider’s stock worth $7,885,000 after buying an additional 7,079 shares during the period. Vanguard Group Inc. increased its stake in Fanhua by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,406,062 shares of the financial services provider’s stock worth $47,061,000 after buying an additional 19,830 shares during the period. California Public Employees Retirement System increased its stake in Fanhua by 88.4% during the 3rd quarter. California Public Employees Retirement System now owns 87,265 shares of the financial services provider’s stock worth $2,324,000 after buying an additional 40,953 shares during the period. D. E. Shaw & Co. Inc. purchased a new stake in Fanhua during the 2nd quarter worth $7,481,000. Finally, Jane Street Group LLC purchased a new stake in Fanhua during the 2nd quarter worth $1,013,000. 28.27% of the stock is owned by institutional investors and hedge funds.

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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