News stories about Conifer (NASDAQ:CNFR) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Conifer earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 45.6627565884773 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Conifer Holdings (CNFR) Expected to Post Earnings of $0.03 Per Share (americanbankingnews.com)
- Zacks Investment Research Lowers Conifer (CNFR) to Hold (americanbankingnews.com)
- Conifer (CNFR) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
- Conifer Holdings Appoints Investment Strategy Leader Jeffrey Hakala as New Board Member (finance.yahoo.com)
- Brian J. Roney Purchases 10,000 Shares of Conifer Holdings (CNFR) Stock (americanbankingnews.com)
Conifer stock traded down $0.19 during trading on Friday, reaching $6.20. 612 shares of the company’s stock traded hands, compared to its average volume of 7,031. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.55. Conifer has a 52-week low of $5.00 and a 52-week high of $8.20. The company has a market cap of $52.83, a price-to-earnings ratio of -2.21 and a beta of 1.37.
A number of brokerages recently issued reports on CNFR. Zacks Investment Research upgraded shares of Conifer from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Sandler O’Neill reiterated a “hold” rating and issued a $5.50 price objective on shares of Conifer in a report on Friday, March 2nd. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Conifer in a report on Thursday, March 1st.
In other news, President Brian J. Roney purchased 10,000 shares of the stock in a transaction on Thursday, March 15th. The stock was purchased at an average price of $6.00 per share, for a total transaction of $60,000.00. Following the acquisition, the president now owns 311,920 shares in the company, valued at $1,871,520. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 45.50% of the stock is currently owned by company insiders.
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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