Conifer (CNFR) Stock Rating Lowered by Zacks Investment Research

Conifer (NASDAQ:CNFR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

According to Zacks, “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. “

Separately, Boenning Scattergood reissued a “hold” rating on shares of Conifer in a report on Wednesday, October 4th.

Conifer (NASDAQ CNFR) traded down $0.02 during trading on Tuesday, reaching $5.93. The company’s stock had a trading volume of 300 shares, compared to its average volume of 4,486. Conifer has a 52 week low of $5.30 and a 52 week high of $8.20. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.55. The firm has a market cap of $50.50 and a PE ratio of -1.73.

In other news, Director Mark Mccammon sold 97,319 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $5.78, for a total value of $562,503.82. Following the completion of the sale, the director now directly owns 9,000 shares of the company’s stock, valued at approximately $52,020. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 153,000 shares of company stock valued at $900,349 over the last three months. Insiders own 45.50% of the company’s stock.

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About Conifer

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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