Equities research analysts forecast that Conifer Holdings, Inc. (NASDAQ:CNFR) will post earnings per share (EPS) of ($2.40) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Conifer Holdings’ earnings, with estimates ranging from ($2.45) to ($2.35). Conifer Holdings posted earnings per share of ($0.20) in the same quarter last year, which would suggest a negative year over year growth rate of 1,100%. The company is expected to report its next earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that Conifer Holdings will report full year earnings of ($2.72) per share for the current fiscal year, with EPS estimates ranging from ($2.79) to ($2.64). For the next year, analysts anticipate that the business will post earnings of $0.28 per share, with EPS estimates ranging from $0.25 to $0.30. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Conifer Holdings.
Conifer Holdings (NASDAQ:CNFR) last announced its earnings results on Wednesday, August 9th. The insurance provider reported ($0.28) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.31). The business had revenue of $26.28 million during the quarter, compared to analyst estimates of $24.98 million. Conifer Holdings had a negative return on equity of 14.14% and a negative net margin of 8.65%.
A number of brokerages recently issued reports on CNFR. Boenning Scattergood began coverage on shares of Conifer Holdings in a research note on Wednesday, August 16th. They issued a “neutral” rating on the stock. Zacks Investment Research cut shares of Conifer Holdings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 16th.
Shares of Conifer Holdings (CNFR) traded down 2.26% on Monday, hitting $6.50. The stock had a trading volume of 1,800 shares. The firm’s market capitalization is $49.61 million. The company has a 50 day moving average of $6.61 and a 200-day moving average of $6.61. Conifer Holdings has a 12-month low of $6.00 and a 12-month high of $8.44.
In related news, President Brian J. Roney bought 16,000 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were purchased at an average price of $6.25 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the president now directly owns 301,920 shares of the company’s stock, valued at approximately $1,887,000. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman James G. Petcoff bought 216,000 shares of the business’s stock in a transaction on Friday, September 29th. The stock was bought at an average price of $6.25 per share, for a total transaction of $1,350,000.00. Following the transaction, the chairman now directly owns 258,057 shares of the company’s stock, valued at $1,612,856.25. The disclosure for this purchase can be found here. Insiders acquired 260,000 shares of company stock worth $1,625,000 in the last 90 days. Company insiders own 45.50% of the company’s stock.
An institutional investor recently raised its position in Conifer Holdings stock. Wells Fargo & Company MN raised its stake in Conifer Holdings, Inc. (NASDAQ:CNFR) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,245 shares of the insurance provider’s stock after buying an additional 1,200 shares during the period. Wells Fargo & Company MN owned 1.96% of Conifer Holdings worth $1,067,000 at the end of the most recent quarter. 28.92% of the stock is currently owned by institutional investors.
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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