Conifer Holdings, Inc. (CNFR) President Acquires $100,000.00 in Stock
Conifer Holdings, Inc. (NASDAQ:CNFR) President Brian J. Roney acquired 16,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were bought at an average cost of $6.25 per share, with a total value of $100,000.00. Following the purchase, the president now owns 301,920 shares in the company, valued at $1,887,000. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
Conifer Holdings, Inc. (NASDAQ CNFR) traded down 0.91% during trading on Monday, reaching $6.00. 371 shares of the company’s stock were exchanged. The stock’s market capitalization is $45.80 million. The company’s 50 day moving average price is $6.68 and its 200-day moving average price is $6.68. Conifer Holdings, Inc. has a 52 week low of $6.00 and a 52 week high of $8.60.
Conifer Holdings (NASDAQ:CNFR) last announced its quarterly earnings data on Wednesday, August 9th. The insurance provider reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.31). Conifer Holdings had a negative return on equity of 14.14% and a negative net margin of 8.65%. The business had revenue of $26.28 million during the quarter, compared to analysts’ expectations of $24.98 million. On average, equities analysts expect that Conifer Holdings, Inc. will post ($0.59) EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN lifted its position in shares of Conifer Holdings by 0.8% in the first quarter. Wells Fargo & Company MN now owns 149,245 shares of the insurance provider’s stock worth $1,067,000 after purchasing an additional 1,200 shares in the last quarter. Aegis Financial Corp boosted its holdings in shares of Conifer Holdings by 49.8% during the first quarter. Aegis Financial Corp now owns 686,614 shares of the insurance provider’s stock worth $5,012,000 after purchasing an additional 228,175 shares during the period. Finally, Northpointe Capital LLC boosted its holdings in shares of Conifer Holdings by 22.7% during the second quarter. Northpointe Capital LLC now owns 316,190 shares of the insurance provider’s stock worth $2,182,000 after purchasing an additional 58,484 shares during the period. Institutional investors own 28.92% of the company’s stock.
CNFR has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Conifer Holdings from a “strong sell” rating to a “hold” rating in a report on Monday, July 17th. Boenning Scattergood assumed coverage on shares of Conifer Holdings in a report on Wednesday, August 16th. They issued a “neutral” rating for the company.
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.
Receive News & Ratings for Conifer Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conifer Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.