Conifer Holdings, Inc. (NASDAQ:CNFR) Director Joseph D. Sarafa acquired 24,000 shares of the company’s stock in a transaction on Friday, September 29th. The shares were bought at an average price of $6.25 per share, with a total value of $150,000.00. Following the completion of the purchase, the director now directly owns 49,000 shares of the company’s stock, valued at $306,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Conifer Holdings, Inc. (CNFR) opened at 6.55 on Thursday. Conifer Holdings, Inc. has a 1-year low of $6.00 and a 1-year high of $8.41. The firm’s 50-day moving average price is $6.39 and its 200 day moving average price is $6.39. The firm’s market capitalization is $50.00 million.
Conifer Holdings (NASDAQ:CNFR) last released its earnings results on Wednesday, August 9th. The insurance provider reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.31). The company had revenue of $26.28 million for the quarter, compared to the consensus estimate of $24.98 million. Conifer Holdings had a negative net margin of 8.65% and a negative return on equity of 14.14%. On average, analysts predict that Conifer Holdings, Inc. will post ($0.59) EPS for the current year.
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Several research analysts have issued reports on CNFR shares. Zacks Investment Research upgraded Conifer Holdings from a “strong sell” rating to a “hold” rating in a research note on Monday, July 17th. Boenning Scattergood reiterated a “hold” rating on shares of Conifer Holdings in a research note on Wednesday.
Large investors have recently added to or reduced their stakes in the company. Aegis Financial Corp lifted its position in shares of Conifer Holdings by 49.8% during the 1st quarter. Aegis Financial Corp now owns 686,614 shares of the insurance provider’s stock valued at $5,012,000 after acquiring an additional 228,175 shares during the period. Wells Fargo & Company MN lifted its position in shares of Conifer Holdings by 0.8% during the 1st quarter. Wells Fargo & Company MN now owns 149,245 shares of the insurance provider’s stock valued at $1,067,000 after acquiring an additional 1,200 shares during the period. Finally, Northpointe Capital LLC lifted its position in shares of Conifer Holdings by 22.7% during the 2nd quarter. Northpointe Capital LLC now owns 316,190 shares of the insurance provider’s stock valued at $2,182,000 after acquiring an additional 58,484 shares during the period. Hedge funds and other institutional investors own 28.92% of the company’s stock.
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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