Conifer (NASDAQ:CNFR) Announces Earnings Results, Misses Expectations By $0.17 EPS

Conifer (NASDAQ:CNFR – Get Rating) announced its earnings results on Wednesday. The insurance provider reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.17), Fidelity Earnings reports. Conifer had a net margin of 0.58% and a negative return on equity of 22.94%. During the same period in the previous year, the business earned ($0.72) EPS.

Conifer stock traded down $0.06 during trading hours on Friday, reaching $1.63. The company had a trading volume of 12,889 shares, compared to its average volume of 3,573. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.47 and a quick ratio of 0.47. The company has a 50-day moving average price of $2.29 and a 200 day moving average price of $2.35. The firm has a market cap of $15.83 million, a price-to-earnings ratio of 23.29 and a beta of 1.14. Conifer has a 12-month low of $1.42 and a 12-month high of $4.33.

Separately, Zacks Investment Research upgraded Conifer from a “sell” rating to a “hold” rating in a research report on Monday, January 24th.

A hedge fund recently raised its stake in Conifer stock. Renaissance Technologies LLC grew its stake in Conifer Holdings, Inc. (NASDAQ:CNFR – Get Rating) by 107.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,100 shares of the insurance provider’s stock after acquiring an additional 35,800 shares during the quarter. Renaissance Technologies LLC owned 0.71% of Conifer worth $199,000 at the end of the most recent quarter. Institutional investors and hedge funds own 36.93% of the company’s stock.

About Conifer (Get Rating)

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.

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