Conifer Holdings Inc. (NASDAQ:CNFR) has been assigned an average broker rating score of 2.67 (Hold) from the three brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Conifer Holdings’ rating score has declined by 18.7% from three months ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a 1-year consensus price target of $8.00 for the company and are forecasting that the company will post ($0.05) EPS for the current quarter, according to Zacks. Zacks has also assigned Conifer Holdings an industry rank of 165 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of Conifer Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th.
Conifer Holdings (NASDAQ:CNFR) opened at 8.07 on Wednesday. The company’s market cap is $61.15 million. Conifer Holdings has a one year low of $5.32 and a one year high of $10.09. The stock has a 50 day moving average price of $7.97 and a 200 day moving average price of $7.21.
Conifer Holdings (NASDAQ:CNFR) last issued its quarterly earnings results on Thursday, August 11th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.06. Conifer Holdings had a negative return on equity of 5.58% and a negative net margin of 4.38%. On average, equities analysts anticipate that Conifer Holdings will post ($0.40) EPS for the current fiscal year.
A hedge fund recently raised its stake in Conifer Holdings stock. Pacific Ridge Capital Partners LLC boosted its stake in shares of Conifer Holdings Inc. (NASDAQ:CNFR) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 307,710 shares of the company’s stock after buying an additional 8,560 shares during the period. Pacific Ridge Capital Partners LLC owned about 4.05% of Conifer Holdings worth $2,136,000 at the end of the most recent reporting period. 31.00% of the stock is owned by institutional investors.
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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