Conifer Holdings, Inc. (NASDAQ:CNFR) – Stock analysts at Boenning Scattergood issued their Q1 2018 EPS estimates for shares of Conifer Holdings in a report issued on Thursday. Boenning Scattergood analyst R. Farnam forecasts that the insurance provider will post earnings per share of $0.01 for the quarter. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Conifer Holdings’ Q2 2018 earnings at $0.07 EPS.

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 firm had revenue of $26.28 million during the quarter, compared to analysts’ expectations of $24.98 million. COPYRIGHT VIOLATION NOTICE: “Research Analysts Issue Forecasts for Conifer Holdings, Inc.’s Q1 2018 Earnings (CNFR)” was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at

Separately, Zacks Investment Research cut Conifer Holdings from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 16th.

Conifer Holdings (NASDAQ:CNFR) opened at 7.10 on Monday. The stock has a 50 day moving average price of $6.59 and a 200 day moving average price of $6.59. The stock’s market capitalization is $54.19 million. Conifer Holdings has a 52 week low of $6.00 and a 52 week high of $8.44.

In related news, Director Joseph D. Sarafa acquired 24,000 shares of Conifer Holdings stock in a transaction on Friday, September 29th. The stock was purchased at an average cost of $6.25 per share, with a total value of $150,000.00. Following the purchase, the director now directly owns 49,000 shares in the company, valued at $306,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman James G. Petcoff acquired 216,000 shares of Conifer Holdings stock in a transaction on Friday, September 29th. The shares were bought at an average cost of $6.25 per share, with a total value of $1,350,000.00. Following the completion of the purchase, the chairman now owns 258,057 shares in the company, valued at $1,612,856.25. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 260,000 shares of company stock valued at $1,625,000. Insiders own 45.50% of the company’s stock.

A hedge fund recently raised its stake in Conifer Holdings stock. Northpointe Capital LLC increased its position in Conifer Holdings, Inc. (NASDAQ:CNFR) by 22.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 316,190 shares of the insurance provider’s stock after acquiring an additional 58,484 shares during the period. Northpointe Capital LLC owned approximately 4.14% of Conifer Holdings worth $2,182,000 as of its most recent SEC filing. Institutional investors own 28.92% of the company’s stock.

About Conifer Holdings

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.

Earnings History and Estimates for Conifer Holdings (NASDAQ:CNFR)

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