Boston Partners lowered its position in Fanhua (NASDAQ:FANH) by 23.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 143,985 shares of the financial services provider’s stock after selling 44,289 shares during the period. Boston Partners’ holdings in Fanhua were worth $3,890,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in FANH. JPMorgan Chase & Co. increased its position in shares of Fanhua by 1,477.0% in the third quarter. JPMorgan Chase & Co. now owns 14,193 shares of the financial services provider’s stock valued at $172,000 after buying an additional 13,293 shares in the last quarter. First Trust Advisors LP purchased a new stake in Fanhua during the 4th quarter worth about $276,000. Virtu Financial LLC purchased a new stake in Fanhua during the 4th quarter worth about $553,000. Arrowstreet Capital Limited Partnership increased its position in Fanhua by 12.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 298,860 shares of the financial services provider’s stock worth $6,461,000 after purchasing an additional 32,137 shares in the last quarter. Finally, Matthews International Capital Management LLC increased its position in Fanhua by 2.5% during the 4th quarter. Matthews International Capital Management LLC now owns 332,600 shares of the financial services provider’s stock worth $7,191,000 after purchasing an additional 8,200 shares in the last quarter. Institutional investors and hedge funds own 15.64% of the company’s stock.
A number of research firms recently commented on FANH. BidaskClub upgraded Fanhua from a “hold” rating to a “buy” rating in a research report on Tuesday, April 24th. ValuEngine upgraded Fanhua from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd.
Fanhua opened at $29.97 on Friday, MarketBeat reports. The stock has a market cap of $1.63 billion, a P/E ratio of 26.16 and a beta of 1.65. Fanhua has a 52 week low of $28.76 and a 52 week high of $30.50.
Fanhua (NASDAQ:FANH) last posted its quarterly earnings data on Monday, March 12th. The financial services provider reported $0.31 EPS for the quarter. The firm had revenue of $106.12 million during the quarter. Fanhua had a return on equity of 11.91% and a net margin of 10.66%.
Fanhua Company Profile
Fanhua Inc distributes insurance products in China. It operates through three segments: Insurance Agency, Insurance Brokerage; 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 that consist of individual whole life, individual term life, individual endowment life, and individual education annuity, as well as group life and participating insurance products.
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