FY2017 EPS Estimates for Conifer Holdings, Inc. (CNFR) Lowered by Analyst
Conifer Holdings, Inc. (NASDAQ:CNFR) – Stock analysts at Boenning Scattergood lowered their FY2017 earnings estimates for shares of Conifer Holdings in a report issued on Thursday. Boenning Scattergood analyst R. Farnam now anticipates that the insurance provider will post earnings of ($2.91) per share for the year, down from their previous forecast of ($2.64). Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Conifer Holdings’ Q1 2018 earnings at $0.03 EPS.
Separately, Zacks Investment Research lowered shares of Conifer Holdings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 16th.
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Shares of Conifer Holdings (NASDAQ:CNFR) opened at $6.25 on Monday. Conifer Holdings has a 12 month low of $6.00 and a 12 month high of $8.20. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.55.
An institutional investor recently raised its position in Conifer Holdings stock. Northpointe Capital LLC lifted its stake in shares of Conifer Holdings, Inc. (NASDAQ:CNFR) by 22.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 316,190 shares of the insurance provider’s stock after acquiring an additional 58,484 shares during the quarter. Northpointe Capital LLC owned about 4.14% of Conifer Holdings worth $2,182,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 28.97% of the company’s stock.
In related news, Director Joseph D. Sarafa acquired 24,000 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were acquired at an average price of $6.25 per share, for a total transaction 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 purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Brian J. Roney acquired 16,000 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were bought at an average price of $6.25 per share, for a total transaction of $100,000.00. Following the purchase, the president now directly owns 301,920 shares of the company’s stock, valued at $1,887,000. The disclosure for this purchase can be found here. Insiders have purchased 260,000 shares of company stock worth $1,625,000 in the last quarter. Company insiders own 45.50% of the company’s stock.
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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