Conifer (CNFR) Stock Price, News & Analysis

Company Overview

Conifer Holdings, Inc., an insurance holding company, engages in the sale of property and casualty insurance products. The company offers insurance coverage in specialty commercial and personal product lines. It also underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. The company serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, including companies that provide security guard services, security alarm products and services, and private investigative services. It offers specialty homeowners insurance products, such as low- value dwelling insurance tailored for owners of lower valued homes in Illinois, Indiana, Louisiana, and Texas; and wholesale agency services comprising commercial and personal lines insurance products for its insurance company subsidiaries, as well as third party insurers. Conifer Holdings, Inc. markets and sells its insurance products through a network of independent agents in 50 states in the United States. The company was incorporated in 2009 and is headquartered in Troy, Michigan.

Key Stats

• Today's Range: $1.08 to $1.20
• 50-Day Range: $0.97 to $1.25
• 52-Week Range: $0.65 to $1.91
• Volume: 23,224 shs
• Average Volume: 580,393 shs
• Market Capitalization: $14.55 million
• P/E Ratio: 0.49
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Conifer Stock Analysis - MarketRank™

Conifer scored higher than 31% of companies evaluated by MarketBeat, and ranked 783rd out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Conifer.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Conifer is 0.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.87.

Price to Earnings Ratio vs. Sector

The P/E ratio of Conifer is 0.49, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 40.45.

Price to Book Value per Share Ratio

Conifer has a P/B Ratio of 0.30. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.00% of the float of Conifer has been sold short.

Short Interest Ratio / Days to Cover

Conifer has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Conifer has recently increased by 49.17%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Conifer does not currently pay a dividend.

Dividend Growth

Conifer does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.00% of the float of Conifer has been sold short.

Short Interest Ratio / Days to Cover

Conifer has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Conifer has recently increased by 49.17%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: N/A

News Sentiment

Conifer has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.82 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Conifer this week, compared to 0 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Conifer insiders have not sold or bought any company stock.

Percentage Held by Insiders

70.40% of the stock of Conifer is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 34.88% of the stock of Conifer is held by institutions.

CNFR Stock Analysis - Frequently Asked Questions

How have CNFR shares performed this year?

Conifer's stock was trading at $1.0999 on January 1st, 2024. Since then, CNFR shares have increased by 8.2% and is now trading at $1.19.
View the best growth stocks for 2024 here.

How were Conifer's earnings last quarter?

Conifer Holdings, Inc. (NASDAQ:CNFR) released its quarterly earnings data on Tuesday, May, 14th. The insurance provider reported $0.02 earnings per share (EPS) for the quarter. The insurance provider earned $23.08 million during the quarter. Conifer had a negative trailing twelve-month return on equity of 335.82% and a net margin of 34.76%.

When did Conifer IPO?

Conifer (CNFR) raised $37 million in an initial public offering (IPO) on Thursday, August 13th 2015. The company issued 3,100,000 shares at $11.00-$13.00 per share. BMO Capital Markets and Raymond James acted as the underwriters for the IPO and Sandler O'Neill+Partners and William Blair were co-managers.

How do I buy shares of Conifer?

Shares of CNFR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Conifer own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Conifer investors own include Cisco Systems (CSCO), Meta Platforms (META), Becton, Dickinson and Company (BDX), NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA) and Walt Disney (DIS).

Company Calendar

• Last Earnings: 5/14/2024
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Fire, marine, & casualty insurance
• Sub-Industry: Insurance
• Current Symbol: NASDAQ:CNFR
• CUSIP: N/A
• CIK: 1502292
• Web: www.cnfrh.com
• Phone: (248) 559-0840
• Fax: 248-559-0870
• Employees: 150
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $2.42
• Trailing P/E Ratio: 0.49
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-25,900,000.00
• Net Margins: 34.76%
• Pretax Margin: -33.74%
• Return on Equity: -335.82%
• Return on Assets: -9.84%

Debt

• Debt-to-Equity Ratio: 0.34
• Current Ratio: 0.66
• Quick Ratio: 0.66

Sales & Book Value

• Annual Sales: $74.82 million
• Price / Sales: 0.19
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $4.01 per share
• Price / Book: 0.30

Miscellaneous

• Outstanding Shares: 12,223,000
• Free Float: 3,618,000
• Market Cap: $14.55 million
• Optionable: Not Optionable
• Beta: 0.63