Conifer Holdings Inc (NASDAQ:CNFR) President Acquires $33,900.00 in Stock

Conifer Holdings Inc (NASDAQ:CNFR) President Brian J. Roney acquired 10,000 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was acquired at an average price of $3.39 per share, with a total value of $33,900.00. Following the purchase, the president now directly owns 331,919 shares in the company, valued at $1,125,205.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

CNFR stock traded down $0.01 during trading on Friday, reaching $3.99. 4,292 shares of the company were exchanged, compared to its average volume of 6,093. Conifer Holdings Inc has a twelve month low of $3.06 and a twelve month high of $7.20. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market capitalization of $33.36 million, a P/E ratio of -9.07 and a beta of 1.56. The business’s 50-day moving average is $3.98.

Conifer (NASDAQ:CNFR) last posted its earnings results on Wednesday, May 8th. The insurance provider reported ($0.50) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.47). Conifer had a negative return on equity of 21.47% and a negative net margin of 10.28%. The business had revenue of $24.30 million for the quarter, compared to the consensus estimate of $24.01 million. As a group, research analysts forecast that Conifer Holdings Inc will post -0.8 earnings per share for the current fiscal year.

CNFR has been the subject of several analyst reports. Boenning Scattergood restated a “neutral” rating on shares of Conifer in a research report on Thursday, May 16th. Zacks Investment Research cut shares of Conifer from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $6.50.

An institutional investor recently raised its position in Conifer stock. Quantum Capital Management boosted its holdings in Conifer Holdings Inc (NASDAQ:CNFR) by 60.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,697 shares of the insurance provider’s stock after purchasing an additional 7,030 shares during the period. Quantum Capital Management owned about 0.22% of Conifer worth $65,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 10.14% of the company’s stock.

Conifer Company Profile

Conifer Holdings, Inc, an insurance holding company, offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, commercial multi-peril, liquor liability, and automobile policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, such as companies that provide security guard services, security alarm products and services, and private investigative services.

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