Zacks Investment Research Lowers Conifer (CNFR) to Sell
Zacks Investment Research downgraded shares of Conifer (NASDAQ:CNFR) from a hold rating to a sell rating in a research note issued to investors on Tuesday.
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. “
Separately, Boenning Scattergood reaffirmed a hold rating on shares of Conifer in a research report on Thursday, November 9th.
In other Conifer news, Director Mark Mccammon sold 97,319 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $5.78, for a total value of $562,503.82. Following the sale, the director now owns 9,000 shares of the company’s stock, valued at approximately $52,020. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Nicholas J. Petcoff purchased 16,000 shares of the stock in a transaction on Wednesday, October 10th. The stock was acquired at an average cost of $6.25 per share, for a total transaction of $100,000.00. Following the acquisition, the executive vice president now directly owns 114,759 shares in the company, valued at $717,243.75. The disclosure for this purchase can be found here. Insiders have sold 153,000 shares of company stock worth $900,349 in the last ninety days. 45.50% of the stock is currently owned by insiders.
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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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