Conifer (CNFR) – Investment Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Conifer (NASDAQ: CNFR) in the last few weeks:

  • 10/10/2018 – Conifer was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Conifer Holdings, Inc. is an insurance holding company. It offers insurance coverage in specialty commercial and specialty personal product lines. Specialty personal product lines offers non-standard homeowners insurance and dwelling fire insurance products to individuals. Specialty commercial lines offer coverage for both commercial property and commercial liability. The company serves restaurants, bars, taverns, bowling centers as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians and other independent contractors, security service providers. Conifer Holdings, Inc. is headquartered in Birmingham, Michigan. “
  • 10/2/2018 – Conifer was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/24/2018 – Conifer was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Conifer Holdings, Inc. is an insurance holding company. It offers insurance coverage in specialty commercial and specialty personal product lines. Specialty personal product lines offers non-standard homeowners insurance and dwelling fire insurance products to individuals. Specialty commercial lines offer coverage for both commercial property and commercial liability. The company serves restaurants, bars, taverns, bowling centers as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians and other independent contractors, security service providers. Conifer Holdings, Inc. is headquartered in Birmingham, Michigan. “
  • 9/22/2018 – Conifer was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/17/2018 – Conifer was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Conifer Holdings, Inc. is an insurance holding company. It offers insurance coverage in specialty commercial and specialty personal product lines. Specialty personal product lines offers non-standard homeowners insurance and dwelling fire insurance products to individuals. Specialty commercial lines offer coverage for both commercial property and commercial liability. The company serves restaurants, bars, taverns, bowling centers as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians and other independent contractors, security service providers. Conifer Holdings, Inc. is headquartered in Birmingham, Michigan. “
  • 9/12/2018 – Conifer was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/7/2018 – Conifer was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Conifer Holdings, Inc. is an insurance holding company. It offers insurance coverage in specialty commercial and specialty personal product lines. Specialty personal product lines offers non-standard homeowners insurance and dwelling fire insurance products to individuals. Specialty commercial lines offer coverage for both commercial property and commercial liability. The company serves restaurants, bars, taverns, bowling centers as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians and other independent contractors, security service providers. Conifer Holdings, Inc. is headquartered in Birmingham, Michigan. “
  • 8/31/2018 – Conifer was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Conifer Holdings, Inc. is an insurance holding company. It offers insurance coverage in specialty commercial and specialty personal product lines. Specialty personal product lines offers non-standard homeowners insurance and dwelling fire insurance products to individuals. Specialty commercial lines offer coverage for both commercial property and commercial liability. The company serves restaurants, bars, taverns, bowling centers as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians and other independent contractors, security service providers. Conifer Holdings, Inc. is headquartered in Birmingham, Michigan. “
  • 8/22/2018 – Conifer was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Conifer Holdings, Inc. is an insurance holding company. It offers insurance coverage in specialty commercial and specialty personal product lines. Specialty personal product lines offers non-standard homeowners insurance and dwelling fire insurance products to individuals. Specialty commercial lines offer coverage for both commercial property and commercial liability. The company serves restaurants, bars, taverns, bowling centers as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians and other independent contractors, security service providers. Conifer Holdings, Inc. is headquartered in Birmingham, Michigan. “
  • 8/13/2018 – Conifer had its “buy” rating reaffirmed by analysts at Raymond James.

CNFR remained flat at $$5.55 during mid-day trading on Friday. 175 shares of the company’s stock were exchanged, compared to its average volume of 5,688. The stock has a market cap of $48.14 million, a price-to-earnings ratio of -1.91 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.47 and a current ratio of 0.47. Conifer Holdings Inc has a 1-year low of $5.00 and a 1-year high of $7.20.

Conifer (NASDAQ:CNFR) last issued its quarterly earnings data on Wednesday, August 8th. The insurance provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). Conifer had a negative net margin of 20.48% and a negative return on equity of 33.42%. The business had revenue of $25.27 million for the quarter, compared to the consensus estimate of $23.33 million. Research analysts expect that Conifer Holdings Inc will post 0.43 earnings per share for the current fiscal year.

In other Conifer news, President Brian J. Roney acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, September 11th. The stock was purchased at an average price of $6.07 per share, with a total value of $60,700.00. Following the transaction, the president now directly owns 313,602 shares in the company, valued at approximately $1,903,564.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 52.50% of the company’s stock.

A hedge fund recently raised its stake in Conifer stock. Northpointe Capital LLC grew its holdings in shares of Conifer Holdings Inc (NASDAQ:CNFR) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 457,842 shares of the insurance provider’s stock after acquiring an additional 11,569 shares during the period. Northpointe Capital LLC owned about 5.37% of Conifer worth $2,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 26.20% of the company’s stock.

Conifer Holdings, Inc, an insurance holding company, offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, commercial multi-peril, liquor liability, and automobile policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, such as companies that provide security guard services, security alarm products and services, and private investigative services.

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