Brian J. Roney Buys 63,333 Shares of Conifer Holdings Inc (NASDAQ:CNFR) Stock

Share on StockTwits

Conifer Holdings Inc (NASDAQ:CNFR) President Brian J. Roney purchased 63,333 shares of the stock in a transaction dated Wednesday, November 6th. The stock was bought at an average cost of $4.50 per share, with a total value of $284,998.50. Following the completion of the purchase, the president now owns 395,252 shares in the company, valued at $1,778,634. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NASDAQ CNFR opened at $3.99 on Friday. The business has a 50 day simple moving average of $3.68 and a 200 day simple moving average of $3.83. Conifer Holdings Inc has a 52-week low of $3.06 and a 52-week high of $5.98. The stock has a market cap of $34.99 million, a price-to-earnings ratio of -9.07 and a beta of 1.42. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.50 and a current ratio of 0.50.

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

CNFR has been the subject of a number of recent analyst reports. ValuEngine raised Conifer from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Zacks Investment Research raised Conifer from a “strong sell” rating to a “hold” rating in a research note 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.

Read More: What is meant by buying and selling pressure?

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

Receive News & Ratings for Conifer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conifer and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.