Separately, Zacks Investment Research lowered shares of Conifer from a buy rating to a hold rating in a research note on Monday, November 25th.
Shares of NASDAQ:CNFR opened at $3.86 on Wednesday. The business’s 50 day moving average is $3.79 and its 200 day moving average is $3.74. Conifer has a 12-month low of $3.06 and a 12-month high of $5.10. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.74.
In other Conifer news, CEO James G. Petcoff purchased 222,222 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were acquired at an average cost of $4.50 per share, for a total transaction of $999,999.00. Following the completion of the acquisition, the chief executive officer now owns 2,628,885 shares of the company’s stock, valued at approximately $11,829,982.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nicholas J. Petcoff purchased 55,555 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were acquired at an average price of $4.50 per share, for a total transaction of $249,997.50. Following the completion of the acquisition, the executive vice president now directly owns 170,314 shares of the company’s stock, valued at approximately $766,413. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 895,897 shares of company stock worth $4,031,537. 47.50% of the stock is owned by corporate insiders.
Conifer Company Profile
Conifer Holdings, Inc, an insurance holding company, offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, commercial multi-peril, liquor liability, and automobile policies. It 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, such as companies that provide security guard services, security alarm products and services, and private investigative services.
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