Shares of Conifer Holdings, Inc. (NASDAQ:CNFR) have earned an average broker rating score of 2.50 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a buy rating to the company. Conifer Holdings’ rating score has improved by 6.4% in the last three months as a result of various analysts’ ratings changes.
Brokers have set a 1-year consensus price objective of $8.00 for the company and are forecasting that the company will post ($0.15) EPS for the current quarter, according to Zacks. Zacks has also given Conifer Holdings an industry rank of 61 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised Conifer Holdings from a “sell” rating to a “hold” rating in a report on Tuesday.
Shares of Conifer Holdings (NASDAQ:CNFR) opened at 6.95 on Monday. The stock’s 50 day moving average price is $7.20 and its 200 day moving average price is $7.67. The stock’s market capitalization is $53.04 million. Conifer Holdings has a one year low of $5.32 and a one year high of $9.02.
Conifer Holdings (NASDAQ:CNFR) last issued its quarterly earnings data on Wednesday, November 9th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.07) by $0.13. Conifer Holdings had a negative net margin of 7.17% and a negative return on equity of 9.16%. Equities research analysts predict that Conifer Holdings will post ($0.71) EPS for the current fiscal year.
In other news, Chairman James G. Petcoff bought 35,000 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The shares were acquired at an average price of $7.20 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chairman now directly owns 42,057 shares in the company, valued at approximately $302,810.40. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director R Jamison Williams, Jr. bought 10,500 shares of the firm’s stock in a transaction dated Friday, December 2nd. The stock was purchased at an average price of $7.15 per share, for a total transaction of $75,075.00. Following the transaction, the director now owns 173,605 shares of the company’s stock, valued at $1,241,275.75. The disclosure for this purchase can be found here. 44.20% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Eidelman Virant Capital increased its position in Conifer Holdings by 35.3% in the third quarter. Eidelman Virant Capital now owns 287,916 shares of the company’s stock valued at $2,398,000 after buying an additional 75,052 shares during the period. Vanguard Group Inc. increased its position in shares of Conifer Holdings by 0.4% in the second quarter. Vanguard Group Inc. now owns 115,807 shares of the company’s stock worth $804,000 after buying an additional 500 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Conifer Holdings by 43.5% in the third quarter. Wells Fargo & Company MN now owns 96,464 shares of the company’s stock worth $804,000 after buying an additional 29,239 shares during the last quarter. Finally, Philadelphia Trust Co. bought a new position in shares of Conifer Holdings during the third quarter worth approximately $444,000. Institutional investors and hedge funds own 28.96% of the company’s stock.
Conifer Holdings Company Profile
Conifer Holdings, Inc is an insurance holding company. Through its insurance company subsidiaries, the Company offers insurance coverage in both specialty commercial and specialty personal product lines. It operates through two segments: commercial lines and personal lines. It is engaged in underwriting and marketing insurance coverage, and administering claims processing for such policies.
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