Brian J. Roney Buys 2,000 Shares of Conifer Holdings Inc. (CNFR) Stock
Conifer Holdings Inc. (NASDAQ:CNFR) President Brian J. Roney acquired 2,000 shares of Conifer Holdings stock in a transaction that occurred on Monday, November 21st. The stock was acquired at an average cost of $7.34 per share, with a total value of $14,680.00. Following the purchase, the president now owns 251,012 shares in the company, valued at approximately $1,842,428.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Conifer Holdings Inc. (NASDAQ:CNFR) opened at 7.30 on Thursday. Conifer Holdings Inc. has a 1-year low of $5.32 and a 1-year high of $10.09. The company has a 50 day moving average of $7.91 and a 200 day moving average of $7.48. The firm’s market cap is $55.71 million.
Conifer Holdings (NASDAQ:CNFR) last issued its earnings results on Wednesday, November 9th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.13. Conifer Holdings had a negative net margin of 7.17% and a negative return on equity of 9.16%. On average, equities analysts forecast that Conifer Holdings Inc. will post ($0.71) earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of CNFR. Eidelman Virant Capital increased its stake in shares of Conifer Holdings by 35.3% in the third quarter. Eidelman Virant Capital now owns 287,916 shares of the company’s stock valued at $2,398,000 after buying an additional 75,052 shares during the last quarter. Philadelphia Trust Co. purchased a new stake in shares of Conifer Holdings during the third quarter valued at approximately $444,000. Wells Fargo & Company MN increased its stake in shares of Conifer Holdings by 43.5% in the third quarter. Wells Fargo & Company MN now owns 96,464 shares of the company’s stock valued at $804,000 after buying an additional 29,239 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in shares of Conifer Holdings by 2.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 307,710 shares of the company’s stock valued at $2,136,000 after buying an additional 8,560 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Conifer Holdings by 0.4% in the second quarter. Vanguard Group Inc. now owns 115,807 shares of the company’s stock valued at $804,000 after buying an additional 500 shares during the last quarter. 28.73% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research lowered shares of Conifer Holdings from a “hold” rating to a “sell” rating in a research note on Friday, October 21st.
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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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