Sandler O’Neill Sticks to Its Hold Rating for Conifer Holdings (CNFR)


In a report released today, Paul Newsome from Sandler O’Neill reiterated a Hold rating on Conifer Holdings (NASDAQ: CNFR), with a price target of $7. The company’s shares closed yesterday at $6.45.

According to TipRanks.com, Newsome is a 4-star analyst with an average return of 10.3% and a 74.6% success rate. Newsome covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Cincinnati Financial Corp.

Currently, the analyst consensus on Conifer Holdings is a Moderate Buy with an average price target of $7.33.

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Based on Conifer Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $213K. In comparison, last year the company had a GAAP net loss of $1.07 million.

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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.

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