Conifer Holdings, Inc. (NASDAQ:CNFR – Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.08 and traded as low as $1.03. Conifer shares last traded at $1.51, with a volume of 582,411 shares.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Conifer in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Get Our Latest Research Report on CNFR
Conifer Trading Up 27.2%
Conifer (NASDAQ:CNFR – Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The insurance provider reported ($0.60) earnings per share for the quarter. The business had revenue of $16.02 million during the quarter. Conifer had a negative return on equity of 123.82% and a net margin of 48.57%.
Institutional Trading of Conifer
A hedge fund recently bought a new stake in Conifer stock. Citadel Advisors LLC acquired a new position in Conifer Holdings, Inc. (NASDAQ:CNFR – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 22,412 shares of the insurance provider’s stock, valued at approximately $26,000. Citadel Advisors LLC owned 0.18% of Conifer at the end of the most recent reporting period. 34.88% of the stock is currently owned by institutional investors.
About Conifer
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.
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