Equities research analysts predict that Conifer Holdings, Inc. (NASDAQ:CNFR) will post earnings of ($0.20) per share for the current quarter, Zacks reports. Two analysts have issued estimates for Conifer Holdings’ earnings. Conifer Holdings also reported earnings of ($0.20) per share in the same quarter last year. The business is scheduled to issue its next earnings report on Wednesday, November 8th.

According to Zacks, analysts expect that Conifer Holdings will report full-year earnings of ($0.60) per share for the current financial year. For the next year, analysts forecast that the firm will post earnings of $0.50 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Conifer Holdings.

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

A number of research analysts recently weighed in on CNFR shares. Zacks Investment Research raised Conifer Holdings from a “strong sell” rating to a “hold” rating in a research note on Monday, July 17th. Boenning Scattergood started coverage on Conifer Holdings in a research note on Wednesday, August 16th. They set a “neutral” rating on the stock.

Shares of Conifer Holdings (NASDAQ:CNFR) opened at 6.80 on Friday. The company has a 50-day moving average price of $6.76 and a 200-day moving average price of $7.16. Conifer Holdings has a 12 month low of $6.05 and a 12 month high of $9.02. The firm’s market cap is $51.90 million.

A number of hedge funds have recently bought and sold shares of the stock. Northpointe Capital LLC raised its stake in Conifer Holdings by 22.7% during the 2nd quarter. Northpointe Capital LLC now owns 316,190 shares of the insurance provider’s stock worth $2,182,000 after buying an additional 58,484 shares during the period. Aegis Financial Corp raised its stake in Conifer Holdings by 49.8% during the 1st quarter. Aegis Financial Corp now owns 686,614 shares of the insurance provider’s stock worth $5,012,000 after buying an additional 228,175 shares during the period. Pacific Ridge Capital Partners LLC raised its stake in Conifer Holdings by 10.5% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 289,883 shares of the insurance provider’s stock worth $2,116,000 after buying an additional 27,544 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Conifer Holdings by 0.8% during the 1st quarter. Wells Fargo & Company MN now owns 149,245 shares of the insurance provider’s stock worth $1,067,000 after buying an additional 1,200 shares during the period. 28.92% of the stock is currently owned by institutional investors and hedge funds.

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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.

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