What’s Ahead for Fanhua Inc. (FANH) After Today’s Significant Increase?

March 14, 2018 - By Migdalia James

The stock of Fanhua Inc. (NASDAQ:FANH) is a huge mover today! The stock increased 4.04% or $1.1 during the last trading session, reaching $28.31. About 951,952 shares traded or 177.26% up from the average. Fanhua Inc. (NASDAQ:FANH) has risen 24.93% since March 14, 2017 and is uptrending. It has outperformed by 8.23% the S&P500.
The move comes after 5 months positive chart setup for the $1.84B company. It was reported on Mar, 14 by Barchart.com. We have $30.86 PT which if reached, will make NASDAQ:FANH worth $165.78 million more.

More recent Fanhua Inc. (NASDAQ:FANH) news were published by: Nasdaq.com which released: “Mid-Morning Market Update: Markets Open Higher; Dicks Sporting Goods Sales …” on March 13, 2018. Also Benzinga.com published the news titled: “45 Biggest Movers From Yesterday” on March 14, 2018. Benzinga.com‘s news article titled: “25 Stocks Moving In Monday’s Pre-Market Session” with publication date: March 12, 2018 was also an interesting one.

Fanhua Inc. distributes insurance products in China. The company has market cap of $1.84 billion. It operates through three divisions: Insurance Agency, Insurance Brokerage; and Claims Adjusting. It has a 28 P/E ratio. 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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