The stock of CNinsure Inc. (ADR) (NASDAQ:CISG) is a huge mover today! The stock decreased 3.14% or $0.25 on September 30, hitting $7.7. About 219,897 shares traded hands or 30.90% up from the average. CNinsure Inc. (ADR) (NASDAQ:CISG) has risen 6.65% since February 29, 2016 and is uptrending. It has underperformed by 3.78% the S&P500.
The move comes after 8 months negative chart setup for the $434.34 million company. It was reported on Oct, 1 by Barchart.com. We have $6.62 PT which if reached, will make NASDAQ:CISG worth $60.81M less.
According to Zacks Investment Research, “Cninsure Inc. is a leading independent insurance agency and brokerage company operating in China. CNinsure’s distribution network reaches some of China’s most economically developed regions and affluent cities. The company distributes a wide variety of property and casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China and provides insurance-related services.”
More important recent CNinsure Inc. (ADR) (NASDAQ:CISG) news were published by: Investorplace.com which released: “5 Insurance Stocks to Buy Now” on May 25, 2016, also Investorplace.com published article titled: “Biggest Movers in Financial Stocks Now – SMFG MFG NMR CCCR”, Seekingalpha.com published: “Assessing Chinese ADR Financial Statements” on February 29, 2012. More interesting news about CNinsure Inc. (ADR) (NASDAQ:CISG) was released by: Nasdaq.com and their article: “Aon to Acquire National Flood Services, Boost Flood Insurance Biz – Analyst Blog” with publication date: June 16, 2014.
CISG Company Profile
CNinsure Inc. (CNinsure), incorporated in April 1, 2007, is an independent online-to-offline financial services well-known provider in China. The Company, through its online platforms, offline sales and service network, distributes a range of property, casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China to individual and institutional customers, and provides insurance claims adjusting services, such as damage assessments, surveys, authentications and loss estimations. The Firm operates through three divisions: insurance agency, insurance brokerage and claims adjusting. The insurance agency segment provides a range of property, casualty and life insurance products to individual customers. The insurance brokerage segment provides commercial lines of property and casualty insurance, group life insurance programs and risk management consulting services to businesses and reinsurance brokerage services to insurance companies. The claims adjusting segment provides claims adjusting services to self-insured entities or insurance companies that choose to outsource some or all of their claims adjustment functions.
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