Insider Buying: Conifer Holdings Inc (NASDAQ:CNFR) SVP Buys 77,777 Shares of Stock

Conifer Holdings Inc (NASDAQ:CNFR) SVP Andrew Petcoff acquired 77,777 shares of the stock in a transaction on Wednesday, November 6th. The stock was purchased at an average cost of $4.50 per share, with a total value of $349,996.50. Following the transaction, the senior vice president now directly owns 187,007 shares of the company’s stock, valued at $841,531.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

CNFR stock opened at $3.99 on Friday. Conifer Holdings Inc has a twelve month low of $3.06 and a twelve month high of $5.98. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $34.99 million, a P/E ratio of -9.07 and a beta of 1.42. The firm has a 50 day simple moving average of $3.68 and a 200-day simple moving average of $3.83.

Conifer (NASDAQ:CNFR) last released its quarterly earnings results on Wednesday, August 7th. The insurance provider reported ($0.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.50). Conifer had a negative return on equity of 34.09% and a negative net margin of 12.40%. The company had revenue of $22.78 million for the quarter, compared to analyst estimates of $23.16 million. On average, research analysts predict that Conifer Holdings Inc will post -1.33 EPS for the current year.

Several analysts have issued reports on CNFR shares. ValuEngine raised shares of Conifer from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Zacks Investment Research raised shares of Conifer from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 16th.

About Conifer

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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Insider Buying and Selling by Quarter for Conifer (NASDAQ:CNFR)

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