Conifer Holdings, Inc. (CNFR) Sets New 52-Week Low at $5.75

Shares of Conifer Holdings, Inc. (NASDAQ:CNFR) reached a new 52-week low during trading on Monday . The stock traded as low as $5.75 and last traded at $6.10, with a volume of 5700 shares changing hands. The stock had previously closed at $6.10.

Several analysts have commented on the company. Zacks Investment Research downgraded Conifer Holdings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Boenning Scattergood assumed coverage on Conifer Holdings in a research note on Wednesday, August 16th. They set a “neutral” rating for the company.

The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.55.

In other Conifer Holdings news, Director Joseph D. Sarafa bought 24,000 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was acquired at an average cost of $6.25 per share, with a total value of $150,000.00. Following the purchase, the director now owns 49,000 shares in the company, valued at approximately $306,250. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman James G. Petcoff bought 216,000 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were acquired at an average cost of $6.25 per share, with a total value of $1,350,000.00. Following the completion of the purchase, the chairman now owns 258,057 shares in the company, valued at approximately $1,612,856.25. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 260,000 shares of company stock valued at $1,625,000. Company insiders own 45.50% of the company’s stock.

An institutional investor recently raised its position in Conifer Holdings stock. Northpointe Capital LLC raised its stake in shares of Conifer Holdings, Inc. (NASDAQ:CNFR) by 22.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 316,190 shares of the insurance provider’s stock after buying an additional 58,484 shares during the quarter. Northpointe Capital LLC owned about 4.14% of Conifer Holdings worth $2,182,000 at the end of the most recent reporting period. Institutional investors own 24.41% of the company’s 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.

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