Conifer Holdings, Inc. (NASDAQ:CNFR) - Equities research analysts at Boenning Scattergood issued their Q3 2017 earnings per share estimates for shares of Conifer Holdings in a report issued on Wednesday. Boenning Scattergood analyst R. Farnam expects that the insurance provider will earn ($0.05) per share for the quarter. Boenning Scattergood currently has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for Conifer Holdings’ Q4 2017 earnings at $0.01 EPS, FY2017 earnings at ($0.41) EPS and FY2018 earnings at $0.50 EPS.
Conifer Holdings (NASDAQ:CNFR) last released its earnings results on Wednesday, August 9th. The insurance provider reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.31. Conifer Holdings had a negative return on equity of 14.14% and a negative net margin of 8.65%. The business had revenue of $26.28 million during the quarter, compared to the consensus estimate of $24.98 million. WARNING: This article was published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://stocknewstimes.com/2017/08/20/brokers-issue-forecasts-for-conifer-holdings-inc-s-q3-2017-earnings-cnfr.html.
Separately, Zacks Investment Research raised shares of Conifer Holdings from a “strong sell” rating to a “hold” rating in a research note on Monday, July 17th.
Shares of Conifer Holdings (CNFR) opened at 6.60 on Friday. 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. The firm’s market cap is $50.38 million.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CNFR. Aegis Financial Corp raised its position in Conifer Holdings by 49.8% in the first quarter. Aegis Financial Corp now owns 686,614 shares of the insurance provider’s stock valued at $5,012,000 after buying an additional 228,175 shares during the last quarter. Wells Fargo & Company MN raised its position in Conifer Holdings by 0.8% in the first quarter. Wells Fargo & Company MN now owns 149,245 shares of the insurance provider’s stock valued at $1,067,000 after buying an additional 1,200 shares during the last quarter. Northpointe Capital LLC raised its position in Conifer Holdings by 22.7% in the second quarter. Northpointe Capital LLC now owns 316,190 shares of the insurance provider’s stock valued at $2,182,000 after buying an additional 58,484 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its position in Conifer Holdings by 10.5% in the first quarter. Pacific Ridge Capital Partners LLC now owns 289,883 shares of the insurance provider’s stock valued at $2,116,000 after buying an additional 27,544 shares during the last quarter. 33.49% of the stock is currently owned by institutional investors and hedge funds.
Conifer Holdings Company Profile
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.
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