Conifer Holdings, Inc. (CNFR) Stake Held by Iat Reinsurance Co. LTD.
Iat Reinsurance Co. LTD. continued to hold its position in shares of Conifer Holdings, Inc. (NASDAQ:CNFR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 250,000 shares of the insurance provider’s stock at the end of the second quarter. Iat Reinsurance Co. LTD. owned 3.28% of Conifer Holdings worth $1,725,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of CNFR. Wells Fargo & Company MN boosted its stake in shares of Conifer Holdings by 0.8% in the first quarter. Wells Fargo & Company MN now owns 149,245 shares of the insurance provider’s stock valued at $1,067,000 after buying an additional 1,200 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of Conifer Holdings by 10.5% in the first quarter. Pacific Ridge Capital Partners LLC now owns 289,883 shares of the insurance provider’s stock valued at $2,116,000 after buying an additional 27,544 shares during the last quarter. Northpointe Capital LLC boosted its stake in shares of Conifer Holdings by 22.7% in the second quarter. Northpointe Capital LLC now owns 316,190 shares of the insurance provider’s stock valued at $2,182,000 after buying an additional 58,484 shares during the last quarter. Finally, Aegis Financial Corp boosted its stake in shares of Conifer Holdings by 49.8% in the first quarter. Aegis Financial Corp now owns 686,614 shares of the insurance provider’s stock valued at $5,012,000 after buying an additional 228,175 shares during the last quarter. 33.49% of the stock is owned by institutional investors and hedge funds.
Shares of Conifer Holdings, Inc. (NASDAQ:CNFR) remained flat at $6.51 during midday trading on Friday. 265 shares of the stock traded hands. The company’s market cap is $49.69 million. Conifer Holdings, Inc. has a 1-year low of $6.41 and a 1-year high of $9.02. The stock has a 50-day moving average of $6.88 and a 200-day moving average of $7.21.
Conifer Holdings (NASDAQ:CNFR) last announced its quarterly earnings data on Wednesday, August 9th. The insurance provider reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.31. The firm had revenue of $26.28 million during the quarter, compared to the consensus estimate of $24.98 million. Conifer Holdings had a negative return on equity of 14.14% and a negative net margin of 8.65%. Analysts forecast that Conifer Holdings, Inc. will post ($0.54) earnings per share for the current year.
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Several equities research analysts have recently weighed in on the company. Boenning Scattergood assumed coverage on Conifer Holdings in a research note on Wednesday, August 16th. They issued a “neutral” rating for the company. Zacks Investment Research cut Conifer Holdings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 16th.
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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