Shares of Conifer Holdings Inc (NASDAQ:CNFR) rose 6.5% during trading on Tuesday . The stock traded as high as $4.00 and last traded at $3.75, approximately 182,579 shares were traded during trading. An increase of 2,125% from the average daily volume of 8,205 shares. The stock had previously closed at $3.52.

CNFR has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Conifer from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 16th. Boenning Scattergood restated a “neutral” rating on shares of Conifer in a research report on Thursday, May 16th. Finally, ValuEngine upgraded shares of Conifer from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.50.

The firm’s 50-day moving average price is $3.71. The company has a market cap of $34.99 million, a price-to-earnings ratio of -9.05 and a beta of 1.49. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.50 and a current ratio of 0.50.

Conifer (NASDAQ:CNFR) last announced its earnings results on Wednesday, August 7th. The insurance provider reported ($0.67) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.50). Conifer had a negative net margin of 12.40% and a negative return on equity of 34.09%. The company had revenue of $22.78 million during the quarter, compared to analyst estimates of $23.16 million. Sell-side analysts predict that Conifer Holdings Inc will post -0.76 EPS for the current year.

In related news, President Brian J. Roney bought 10,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were acquired at an average price of $3.39 per share, for a total transaction of $33,900.00. Following the completion of the transaction, the president now directly owns 331,919 shares in the company, valued at $1,125,205.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John William Melstrom bought 25,000 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was bought at an average price of $4.25 per share, for a total transaction of $106,250.00. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at $106,250. The disclosure for this purchase can be found here. In the last quarter, insiders bought 37,000 shares of company stock worth $146,990. Company insiders own 47.50% of the company’s stock.

About Conifer (NASDAQ:CNFR)

Conifer Holdings, Inc, an insurance holding company, offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, commercial multi-peril, liquor liability, and automobile policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes 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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