Media headlines about Conifer (NASDAQ:CNFR) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Conifer earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 46.2999006244656 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Conifer traded up $0.09, hitting $5.90, during trading on Friday, Marketbeat.com reports. 1,105 shares of the company’s stock traded hands, compared to its average volume of 3,262. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.42 and a quick ratio of 0.42. Conifer has a 1 year low of $5.00 and a 1 year high of $7.86. The stock has a market capitalization of $49.50 million, a PE ratio of -2.03 and a beta of 1.06.
Conifer (NASDAQ:CNFR) last announced its earnings results on Thursday, May 10th. The insurance provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.19. The business had revenue of $24.82 million for the quarter, compared to analysts’ expectations of $24.91 million. Conifer had a negative return on equity of 34.51% and a negative net margin of 20.22%. sell-side analysts expect that Conifer will post 0.38 EPS for the current fiscal year.
CNFR has been the topic of several recent analyst reports. ValuEngine cut Conifer from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 18th. Zacks Investment Research raised Conifer from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a research report on Monday, May 14th. Sandler O’Neill reaffirmed a “hold” rating and set a $5.50 price objective on shares of Conifer in a research report on Friday, March 2nd. Finally, Boenning Scattergood raised Conifer from a “neutral” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Thursday, May 10th.
In other news, Director R Jamison Williams, Jr. bought 5,000 shares of the company’s stock in a transaction on Tuesday, March 27th. The shares were acquired at an average cost of $6.00 per share, with a total value of $30,000.00. Following the completion of the transaction, the director now owns 348,605 shares of the company’s stock, valued at approximately $2,091,630. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Brian J. Roney bought 10,000 shares of the company’s stock in a transaction on Thursday, March 15th. The stock was purchased at an average cost of $6.00 per share, for a total transaction of $60,000.00. Following the completion of the transaction, the president now directly owns 311,920 shares of the company’s stock, valued at approximately $1,871,520. The disclosure for this purchase can be found here. Company insiders own 52.50% of the company’s stock.
Conifer Holdings, Inc, an insurance holding company, offers insurance coverage in specialty commercial and specialty personal product lines. It underwrites various specialty insurance products, including property, general liability, commercial multi-peril, liquor liability, and automobile policies. The company serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which include 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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