Conifer Holdings (CNFR) Earns Media Sentiment Rating of 0.06
Media stories about Conifer Holdings (NASDAQ:CNFR) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Conifer Holdings earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 45.9099784320244 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Conifer Holdings (CNFR) traded up 0.0000% during mid-day trading on Wednesday, hitting $6.4137. The stock had a trading volume of 53 shares. The stock’s market cap is $48.96 million. The firm has a 50-day moving average of $6.59 and a 200-day moving average of $6.60. Conifer Holdings has a 52-week low of $6.00 and a 52-week high of $8.40.
Conifer Holdings (NASDAQ:CNFR) last posted its quarterly earnings data 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 analysts’ expectations of $24.98 million. Conifer Holdings had a negative return on equity of 14.14% and a negative net margin of 8.65%. On average, analysts forecast that Conifer Holdings will post ($2.51) EPS for the current fiscal year.
A number of analysts have recently weighed in on CNFR shares. Zacks Investment Research cut Conifer Holdings from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Boenning Scattergood reissued a “hold” rating on shares of Conifer Holdings in a research report on Wednesday, October 4th.
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In other Conifer Holdings news, President Brian J. Roney bought 16,000 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were purchased at an average price of $6.25 per share, with a total value of $100,000.00. Following the completion of the acquisition, the president now directly owns 301,920 shares of the company’s stock, valued at approximately $1,887,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph D. Sarafa bought 24,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was acquired at an average cost of $6.25 per share, for a total transaction of $150,000.00. Following the acquisition, the director now directly owns 49,000 shares of the company’s stock, valued at $306,250. The disclosure for this purchase can be found here. Insiders purchased 260,000 shares of company stock worth $1,625,000 in the last three months. 45.50% of the stock is currently owned by corporate insiders.
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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