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 6,700 independent agents in 50 states in the United States. Conifer Holdings, Inc. was founded in 2009 and is headquartered in Birmingham, Michigan.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Fire, marine, & casualty insurance
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:CNFR
Previous Symbol
CUSIPN/A
Phone248-559-0840
Debt
Debt-to-Equity Ratio0.64
Current Ratio0.51
Quick Ratio0.51
Price-To-Earnings
Trailing P/E Ratio-1.65
Forward P/E Ratio-95.60
P/E GrowthN/A
Sales & Book Value
Annual Sales$96.84 million
Price / Sales0.42
Cash FlowN/A
Price / Cash FlowN/A
Book Value$6.20 per share
Price / Book0.77
Profitability
EPS (Most Recent Fiscal Year)($2.90)
Net Income$-21,540,000.00
Net Margins-4.17%
Return on Equity1.21%
Return on Assets0.26%
Miscellaneous
Employees143
Outstanding Shares8,600,000
Market Cap$41.76 million
OptionableNot Optionable
Conifer (NASDAQ:CNFR) Frequently Asked Questions
What is Conifer's stock symbol?
Conifer trades on the NASDAQ under the ticker symbol "CNFR."
How were Conifer's earnings last quarter?
Conifer Holdings Inc (NASDAQ:CNFR) issued its quarterly earnings data on Thursday, November, 8th. The insurance provider reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.02 by $0.16. The insurance provider had revenue of $24.77 million for the quarter, compared to analyst estimates of $24.14 million. Conifer had a negative net margin of 4.17% and a positive return on equity of 1.21%. View Conifer's Earnings History.
When is Conifer's next earnings date?
What price target have analysts set for CNFR?
3 equities research analysts have issued 12 month target prices for Conifer's stock. Their predictions range from $5.50 to $7.00. On average, they expect Conifer's share price to reach $6.25 in the next year. This suggests a possible upside of 30.8% from the stock's current price. View Analyst Price Targets for Conifer.
What is the consensus analysts' recommendation for Conifer?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Conifer in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Conifer.
What are Wall Street analysts saying about Conifer stock?
Here are some recent quotes from research analysts about Conifer stock:
- 1. Boenning Scattergood analysts commented, "We believe management is doing the right things – it’s just taking longer than we anticipated to right the ship. We modestly lowered our target price, but we believe there’s enough upside to maintain our Outperform rating." (11/8/2018)
- 2. According to Zacks Investment Research, "Conifer Holdings, Inc. is an insurance holding company. It offers insurance coverage in specialty commercial and specialty personal product lines. Specialty personal product lines offers non-standard homeowners insurance and dwelling fire insurance products to individuals. Specialty commercial lines offer coverage for both commercial property and commercial liability. The company serves restaurants, bars, taverns, bowling centers as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians and other independent contractors, security service providers. Conifer Holdings, Inc. is headquartered in Birmingham, Michigan. " (10/25/2018)
Has Conifer been receiving favorable news coverage?
Media stories about CNFR stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Conifer earned a media sentiment score of 1.8 on InfoTrie's scale. They also gave news stories about the insurance provider a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an effect on the company's share price in the next several days.
Who are some of Conifer's key competitors?
Some companies that are related to Conifer include Kingstone Companies (KINS), Atlas Financial (AFH), Blue Capital Reinsurance (BCRH), Kingsway Financial Services (KFS), ICC (ICCH), Unico American (UNAM), 1347 Property Insurance (PIH), Oxbridge Re (OXBR), Baldwin & Lyons Inc Class A (BWINA), Baldwin & Lyons Inc Class B (BWINB), First Acceptance (FAC), Infinity Property and Casualty (IPCC), Till Capital (TIL), Validus (VR) and XL Group (XL).
Who are Conifer's key executives?
Conifer's management team includes the folowing people:
- Mr. James George Petcoff, Chairman & CEO (Age 62)
- Mr. Brian Joseph Roney, Pres (Age 53)
- Mr. Nicholas James Petcoff, Exec. VP, Sec. & Director (Age 37)
- Mr. Harold James MeLoche, Chief Financial Officer and Treasurer (Age 56)
- 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 acted as the underwriters for the IPO and Sandler O'Neill+Partners and William Blair were co-managers.
Who are Conifer's major shareholders?
Conifer's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Northpointe Capital LLC (4.80%). Company insiders that own Conifer stock include Andrew Petcoff, Brian J Roney, Harold J Meloche, James G Petcoff, Joseph D Sarafa, Mark Mccammon, Nicholas J Petcoff and R Jamison Williams Jr. View Institutional Ownership Trends for Conifer.
Which major investors are selling Conifer stock?
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, Scottrade, Fidelity and Charles Schwab.
What is Conifer's stock price today?
One share of CNFR stock can currently be purchased for approximately $4.78.
How big of a company is Conifer?
Conifer has a market capitalization of $41.76 million and generates $96.84 million in revenue each year. The insurance provider earns $-21,540,000.00 in net income (profit) each year or ($2.90) on an earnings per share basis. Conifer employs 143 workers across the globe.
What is Conifer's official website?
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]
MarketBeat Community Rating for Conifer (NASDAQ CNFR)
MarketBeat's community ratings are surveys of what our community members think about Conifer and other stocks. Vote "Outperform" if you believe CNFR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CNFR will underperform the S&P 500 over the long term. You may vote once every thirty days.
