Wall Street brokerages expect Conifer Holdings Inc (NASDAQ:CNFR) to post sales of $24.81 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Conifer’s earnings, with estimates ranging from $23.63 million to $26.00 million. Conifer posted sales of $25.66 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.3%. The company is scheduled to report its next earnings report on Wednesday, March 7th.

According to Zacks, analysts expect that Conifer will report full-year sales of $24.81 million for the current financial year, with estimates ranging from $93.92 million to $96.20 million. For the next fiscal year, analysts anticipate that the firm will report sales of $104.94 million per share, with estimates ranging from $102.38 million to $107.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Conifer.

CNFR has been the subject of a number of analyst reports. Boenning Scattergood initiated coverage on Conifer in a research report on Wednesday, August 16th. They set a “neutral” rating for the company. Zacks Investment Research downgraded Conifer from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 16th.

Shares of Conifer (CNFR) traded down $0.10 on Thursday, hitting $5.75. The stock had a trading volume of 3,100 shares, compared to its average volume of 8,525. Conifer has a 52 week low of $5.50 and a 52 week high of $8.20. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.55.

In related news, President Brian J. Roney bought 16,000 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were bought at an average price of $6.25 per share, with a total value of $100,000.00. Following the completion of the transaction, the president now directly owns 301,920 shares in the company, valued at $1,887,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph D. Sarafa bought 24,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were bought at an average cost of $6.25 per share, for a total transaction of $150,000.00. Following the transaction, the director now owns 49,000 shares of the company’s stock, valued at $306,250. The disclosure for this purchase can be found here. Insiders acquired 260,000 shares of company stock valued at $1,625,000 in the last three months. Insiders own 45.50% of the company’s stock.

An institutional investor recently raised its position in Conifer stock. Northpointe Capital LLC raised its position in Conifer Holdings Inc (NASDAQ:CNFR) by 22.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 316,190 shares of the insurance provider’s stock after buying an additional 58,484 shares during the quarter. Northpointe Capital LLC owned about 4.14% of Conifer worth $2,182,000 at the end of the most recent reporting period. Institutional investors own 25.60% of the company’s stock.

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

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