Conifer Holdings (CNFR) Earns Media Impact Rating of 0.24

News articles about Conifer Holdings (NASDAQ:CNFR) have trended somewhat positive on Friday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Conifer Holdings earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 46.0086080116297 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

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Shares of Conifer Holdings (CNFR) traded down 2.22% during midday trading on Friday, reaching $6.60. The company’s stock had a trading volume of 2,251 shares. The stock’s market capitalization is $50.38 million. Conifer Holdings has a 12 month low of $6.41 and a 12 month high of $9.02. The stock’s 50 day moving average is $6.95 and its 200 day moving average is $7.23.

Conifer Holdings (NASDAQ:CNFR) last posted its quarterly earnings results on Wednesday, August 9th. The insurance provider reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.31. The business had revenue of $26.28 million during the quarter, compared to analyst estimates of $24.98 million. Conifer Holdings had a negative return on equity of 14.14% and a negative net margin of 8.65%. On average, analysts forecast that Conifer Holdings will post ($0.54) EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Conifer Holdings from a “strong sell” rating to a “hold” rating in a report on Monday, July 17th. Boenning Scattergood initiated coverage on Conifer Holdings in a report on Wednesday. They set a “neutral” rating on the 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.