Media stories about Conifer Holdings (NASDAQ:CNFR) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing 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 nearest to one being the most favorable. Conifer Holdings earned a news sentiment score of 0.05 on Accern’s scale. Accern also gave media headlines about the insurance provider an impact score of 45.7204568074091 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Zacks: Analysts Expect Conifer Holdings, Inc. (CNFR) Will Announce Earnings of -$0.20 Per Share (americanbankingnews.com)
- Research Analysts Issue Forecasts for Conifer Holdings, Inc.’s Q1 2018 Earnings (CNFR) (americanbankingnews.com)
- Conifer : Raises $30 Million in Subordinated Notes (4-traders.com)
- Conifer Holdings, Inc. (CNFR) Expected to Earn Q3 2018 Earnings of $0.10 Per Share (americanbankingnews.com)
A number of equities research analysts have recently commented on the stock. Boenning Scattergood assumed coverage on shares of Conifer Holdings in a report on Wednesday, August 16th. They set a “neutral” rating for the company. Zacks Investment Research downgraded shares of Conifer Holdings from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 16th.
Shares of Conifer Holdings (CNFR) traded down 2.26% during midday trading on Thursday, hitting $6.50. 1,800 shares of the stock were exchanged. Conifer Holdings has a one year low of $6.00 and a one year high of $8.44. The stock’s 50-day moving average price is $6.61 and its 200 day moving average price is $6.61. The stock’s market cap is $49.61 million.
Conifer Holdings (NASDAQ:CNFR) last posted its quarterly earnings data on Wednesday, August 9th. The insurance provider reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.31). Conifer Holdings had a negative net margin of 8.65% and a negative return on equity of 14.14%. The firm had revenue of $26.28 million for the quarter, compared to analysts’ expectations of $24.98 million. On average, analysts anticipate that Conifer Holdings will post ($2.51) earnings per share for the current year.
In other news, Chairman James G. Petcoff acquired 216,000 shares of Conifer Holdings stock in a transaction on Friday, September 29th. The stock was bought at an average cost of $6.25 per share, with a total value of $1,350,000.00. Following the completion of the purchase, the chairman now owns 258,057 shares of the company’s stock, valued at $1,612,856.25. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Brian J. Roney acquired 16,000 shares of Conifer Holdings stock in a transaction on Thursday, September 28th. The shares were purchased at an average cost of $6.25 per share, with a total value of $100,000.00. Following the completion of the purchase, the president now directly owns 301,920 shares of the company’s stock, valued at approximately $1,887,000. The disclosure for this purchase can be found here. Insiders have acquired 260,000 shares of company stock valued at $1,625,000 over the last ninety days. Insiders own 45.50% of the company’s stock.
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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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