Boenning & Scattergood analyst Robert Farnam maintained a Buy rating on Conifer Holdings (CNFR) today and set a price target of $6.50. The company’s shares closed yesterday at $4.35.
According to TipRanks.com, Farnam is a 1-star analyst with an average return of -3.4% and a 38.6% success rate. Farnam covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, 1347 Property Insurance Holdings Inc, and Selective Insurance Group.
Currently, the analyst consensus on Conifer Holdings is a Moderate Buy with an average price target of $6.50.
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Based on Conifer Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $3.55 million. In comparison, last year the company had a net profit of $221K.
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Conifer Holdings, Inc. engages in the sale of property and casualty insurance products. It operates through the Commercial and Personal Lines business segment. The Commercial Lines segment offers coverage for property, liability, automobile, and miscellaneous coverage.
