Conifer Holdings, Inc. (NASDAQ:CNFR) – Research analysts at Boenning Scattergood issued their Q3 2017 EPS estimates for Conifer Holdings in a note issued to investors on Wednesday. Boenning Scattergood analyst R. Farnam forecasts that the insurance provider will post earnings per share of ($0.05) for the quarter. Boenning Scattergood currently has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for Conifer Holdings’ Q4 2017 earnings at $0.01 EPS, FY2017 earnings at ($0.41) EPS and FY2018 earnings at $0.50 EPS.

Conifer Holdings (NASDAQ:CNFR) last posted its quarterly earnings results on Wednesday, August 9th. The insurance provider reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.31. The company had revenue of $26.28 million for the quarter, compared to analyst estimates of $24.98 million. Conifer Holdings had a negative return on equity of 14.14% and a negative net margin of 8.65%.

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Separately, Zacks Investment Research downgraded Conifer Holdings from a “hold” rating to a “strong sell” rating in a research note on Wednesday.

Conifer Holdings (CNFR) opened at 6.75 on Friday. The firm’s market cap is $51.52 million. The firm’s 50 day moving average price is $6.96 and its 200 day moving average price is $7.23. Conifer Holdings has a 52-week low of $6.50 and a 52-week high of $9.02.

Several hedge funds have recently modified their holdings of CNFR. Wells Fargo & Company MN increased its stake 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 valued at $1,067,000 after buying an additional 1,200 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in shares of Conifer Holdings by 10.5% in the first quarter. Pacific Ridge Capital Partners LLC now owns 289,883 shares of the insurance provider’s stock valued at $2,116,000 after buying an additional 27,544 shares during the period. Northpointe Capital LLC increased its stake in shares of Conifer Holdings by 22.7% in the second quarter. Northpointe Capital LLC now owns 316,190 shares of the insurance provider’s stock valued at $2,182,000 after buying an additional 58,484 shares during the period. Finally, Aegis Financial Corp increased its stake in shares of Conifer Holdings by 49.8% in the first quarter. Aegis Financial Corp now owns 686,614 shares of the insurance provider’s stock valued at $5,012,000 after buying an additional 228,175 shares during the period. 33.49% of the stock is owned by hedge funds and other institutional investors.

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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