Conifer (NASDAQ:CNFR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “Conifer Holdings, Inc. is an insurance holding company. It offers insurance coverage in specialty commercial and specialty personal product lines. Specialty personal product lines offers non-standard homeowners insurance and dwelling fire insurance products to individuals. Specialty commercial lines offer coverage for both commercial property and commercial liability. The company serves restaurants, bars, taverns, bowling centers as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians and other independent contractors, security service providers. Conifer Holdings, Inc. is headquartered in Birmingham, Michigan. “

CNFR has been the subject of a number of other reports. TheStreet downgraded shares of Conifer from a “c-” rating to a “d” rating in a research note on Wednesday, October 31st. ValuEngine raised shares of Conifer from a “sell” rating to a “hold” rating in a research note on Saturday, September 22nd. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $7.00 target price on shares of Conifer in a research note on Thursday, November 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Conifer currently has an average rating of “Hold” and an average price target of $6.42.

Shares of NASDAQ CNFR opened at $4.82 on Monday. Conifer has a 1-year low of $3.06 and a 1-year high of $7.20. The stock has a market capitalization of $41.47 million, a price-to-earnings ratio of -1.48 and a beta of 1.17. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.64.

Conifer (NASDAQ:CNFR) last announced its earnings results on Thursday, November 8th. The insurance provider reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.16). Conifer had a positive return on equity of 1.21% and a negative net margin of 4.17%. The company had revenue of $24.77 million during the quarter, compared to the consensus estimate of $24.14 million. On average, equities research analysts anticipate that Conifer will post -0.05 earnings per share for the current year.

In other Conifer news, Director Joseph D. Sarafa purchased 51,000 shares of the company’s stock in a transaction that occurred on Monday, December 10th. The stock was acquired at an average cost of $4.50 per share, with a total value of $229,500.00. Following the completion of the purchase, the director now directly owns 100,000 shares in the company, valued at approximately $450,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 52.50% of the company’s stock.

About Conifer

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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