Equities research analysts at Piper Jaffray (NYSE: PJC) upgraded shares of CNinsure Inc. (NASDAQ: CISG) to a "neutral" rating in a research note to investors on Wednesday. The analysts currently have a $10.00 price target on the stock.

Separately, analysts at Zacks Investment Research upgraded shares of CNinsure Inc. from an "underperform" rating to a "neutral" rating in a research note to investors on Monday, June 27th.

Shares of CNinsure Inc. traded up 4.05% during mid-day trading on Thursday, hitting $10.80. CNinsure Inc. has a 52 week low of $10.32 and a 52 week high of $26.74. The stock's 50-day moving average is $13.46 and its 200-day moving average is $14.55. The company has a market cap of $542.4 million and a price-to-earnings ratio of 5.61.

CNinsure Inc. (CNinsure) is an independent insurance intermediary company operating in China. The Company had 48,693 sales professionals, 1,421 claims adjustors and 571 sales and service outlets operating in 23 provinces as of April 15, 2010. As an insurance intermediary company, it does not assume underwriting risks. The Company distributes to customers in China a range of property, casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China and provides insurance claims adjusting services, such as damage assessment, survey, authentication and loss estimation. It also provides services, such as around-the-clock emergency services and assistance with claim settlement, to its customers, individuals and institutions that purchase insurance products through CNinsure. In July 2010, CNinsure announced the acquisition of InsCom Holding Limited.

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