Zacks: Conifer Holdings Inc (CNFR) Given Average Recommendation of “Hold” by Analysts

Conifer Holdings Inc (NASDAQ:CNFR) has earned a consensus broker rating score of 2.50 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a buy recommendation to the company.

Brokerages have set a twelve-month consensus price objective of $8.00 for the company and are predicting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also assigned Conifer an industry rank of 63 out of 265 based on the ratings given to its competitors.

CNFR has been the subject of a number of recent analyst reports. Boenning Scattergood reiterated a “hold” rating on shares of Conifer in a research report on Wednesday, October 4th. Zacks Investment Research raised shares of Conifer from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 2nd.

In other Conifer news, EVP Nicholas J. Petcoff acquired 16,000 shares of the stock in a transaction dated Wednesday, October 10th. The stock was acquired at an average price of $6.25 per share, with a total value of $100,000.00. Following the completion of the purchase, the executive vice president now owns 114,759 shares in the company, valued at approximately $717,243.75. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark Mccammon sold 53,699 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $6.07, for a total transaction of $325,952.93. Following the completion of the transaction, the director now directly owns 9,000 shares of the company’s stock, valued at approximately $54,630. The disclosure for this sale can be found here. In the last three months, insiders sold 153,000 shares of company stock valued at $900,349. Insiders own 45.50% of the company’s stock.

Shares of Conifer (NASDAQ:CNFR) traded down $0.13 on Friday, hitting $5.80. 7,100 shares of the company’s stock were exchanged, compared to its average volume of 4,813. Conifer has a 1-year low of $5.30 and a 1-year high of $8.20. The firm has a market capitalization of $51.54 and a PE ratio of -1.70. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.55.

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About Conifer

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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