Conifer Holdings Inc. (CNFR) Issues Quarterly Earnings Results
Conifer Holdings Inc. (NASDAQ:CNFR) announced its quarterly earnings results on Wednesday. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.13. Conifer Holdings had a negative return on equity of 9.09% and a negative net margin of 7.17%.
Conifer Holdings (NASDAQ:CNFR) opened at 8.10 on Friday. Conifer Holdings has a one year low of $5.32 and a one year high of $10.09. The company’s market cap is $61.82 million. The firm has a 50-day moving average price of $8.05 and a 200 day moving average price of $7.42.
Several large investors have recently added to or reduced their stakes in CNFR. Wells Fargo & Company MN raised its stake in Conifer Holdings by 43.5% in the third quarter. Wells Fargo & Company MN now owns 96,464 shares of the company’s stock worth $804,000 after buying an additional 29,239 shares during the period. Eidelman Virant Capital raised its stake in Conifer Holdings by 35.3% in the third quarter. Eidelman Virant Capital now owns 287,916 shares of the company’s stock worth $2,398,000 after buying an additional 75,052 shares during the period. Pacific Ridge Capital Partners LLC raised its stake in Conifer Holdings by 2.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 307,710 shares of the company’s stock worth $2,136,000 after buying an additional 8,560 shares during the period. Finally, Vanguard Group Inc. raised its stake in Conifer Holdings by 0.4% in the second quarter. Vanguard Group Inc. now owns 115,807 shares of the company’s stock worth $804,000 after buying an additional 500 shares during the period. 31.99% of the stock is owned by institutional investors.
Separately, Zacks Investment Research lowered Conifer Holdings from a “hold” rating to a “sell” rating in a report on Friday, October 21st.
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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