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NASDAQ:CNFRConifer Stock Price, Forecast & News

$2.35
-0.07 (-2.89 %)
(As of 07/7/2020 04:00 PM ET)
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Today's Range
$2.35
Now: $2.35
$2.46
50-Day Range
$2.50
MA: $2.70
$3.17
52-Week Range
$2.00
Now: $2.35
$4.60
Volume329 shs
Average Volume3,597 shs
Market Capitalization$22.56 million
P/E RatioN/A
Dividend YieldN/A
Beta1.18
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. The company also offers specialty homeowners insurance products, such as dwelling insurance tailored for owners of lower valued homes in Illinois, Indiana, Louisiana, and Texas; and wind-exposed catastrophe coverage comprising hurricane and wind coverage to under-served homeowners in Hawaii, Texas, and Florida. It markets and sells its insurance products through a network of approximately 7,000 independent agents in 50 states in the United States. Conifer Holdings, Inc. was founded in 2009 and is headquartered in Birmingham, Michigan.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.09 out of 5 stars


Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:CNFR
CUSIPN/A
Phone248-559-0840

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$96 million
Book Value$4.46 per share

Profitability

Net Income$-7,820,000.00

Miscellaneous

Employees148
Market Cap$22.56 million
Next Earnings Date8/5/2020 (Estimated)
OptionableNot Optionable

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Conifer (NASDAQ:CNFR) Frequently Asked Questions

How has Conifer's stock been impacted by COVID-19 (Coronavirus)?

Conifer's stock was trading at $3.07 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CNFR stock has decreased by 23.5% and is now trading at $2.35. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Conifer?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conifer in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Conifer.

When is Conifer's next earnings date?

Conifer is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Conifer.

How were Conifer's earnings last quarter?

Conifer Holdings Inc (NASDAQ:CNFR) issued its quarterly earnings results on Wednesday, May, 13th. The insurance provider reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.10) by $0.18. The insurance provider had revenue of $21.59 million for the quarter, compared to the consensus estimate of $23.41 million. Conifer had a negative net margin of 12.72% and a negative return on equity of 31.59%. View Conifer's earnings history.

What price target have analysts set for CNFR?

1 equities research analysts have issued 1 year price objectives for Conifer's shares. Their forecasts range from $3.50 to $3.50. On average, they expect Conifer's share price to reach $3.50 in the next twelve months. This suggests a possible upside of 48.9% from the stock's current price. View analysts' price targets for Conifer.

Has Conifer been receiving favorable news coverage?

Headlines about CNFR stock have been trending negative this week, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Conifer earned a news sentiment score of -2.1 on InfoTrie's scale. They also assigned news stories about the insurance provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about Conifer.

Are investors shorting Conifer?

Conifer saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 8,600 shares, a decrease of 11.3% from the June 15th total of 9,700 shares. Based on an average daily trading volume, of 2,300 shares, the days-to-cover ratio is currently 3.7 days. Approximately 0.3% of the shares of the company are sold short. View Conifer's Current Options Chain.

Who are some of Conifer's key competitors?

What other stocks do shareholders of Conifer own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Conifer investors own include AbbVie (ABBV), Cisco Systems (CSCO), Walt Disney (DIS), NVIDIA (NVDA), Alibaba Group (BABA), Oracle (ORCL), PPG Industries (PPG), Becton Dickinson and (BDX), Costco Wholesale (COST) and General Electric (GE).

Who are Conifer's key executives?

Conifer's management team includes the following people:
  • Mr. James George Petcoff, Chairman & CEO (Age 63)
  • Mr. Brian Joseph Roney, Pres (Age 54)
  • Mr. Nicholas James Petcoff, Exec. VP, Sec. & Director (Age 38)
  • Mr. Harold James Meloche, Treasurer & CFO (Age 57)
  • Ms. Jessica Gulis, Investor Relations Contact

When did Conifer IPO?

(CNFR) raised $37 million in an initial public offering on Thursday, August 13th 2015. The company issued 3,100,000 shares at $11.00-$13.00 per share. BMO Capital Markets and Raymond James served as the underwriters for the IPO and Sandler O'Neill+Partners and William Blair were co-managers.

What is Conifer's stock symbol?

Conifer trades on the NASDAQ under the ticker symbol "CNFR."

How do I buy shares of Conifer?

Shares of CNFR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Conifer's stock price today?

One share of CNFR stock can currently be purchased for approximately $2.35.

How big of a company is Conifer?

Conifer has a market capitalization of $22.56 million and generates $96 million in revenue each year. The insurance provider earns $-7,820,000.00 in net income (profit) each year or ($1.69) on an earnings per share basis. Conifer employs 148 workers across the globe.

What is Conifer's official website?

The official website for Conifer is www.cnfrh.com.

How can I contact Conifer?

Conifer's mailing address is 550 WEST MERRILL STREET, BIRMINGHAM MI, 48009. The insurance provider can be reached via phone at 248-559-0840 or via email at [email protected]

This page was last updated on 7/8/2020 by MarketBeat.com Staff

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