CNFR - Conifer Holdings Inc Stock Price, Fair Value and News

0.97USD0.00 (0.00%)Market Closed

Market Summary

USD0.970.00

Market Closed

0.00%

CNFR Stock Price

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CNFR RSI Chart

CNFR Valuation

Market Cap

11.9M

Price/Earnings (Trailing)

-2.96

Price/Sales (Trailing)

0.08

EV/EBITDA

-1.15

Price/Free Cashflow

-0.89

CNFR Price/Sales (Trailing)

CNFR Profitability

EBT Margin

-18.10%

Return on Equity

-149.98%

Return on Assets

-1.39%

Free Cashflow Yield

-112.95%

CNFR Fundamentals

CNFR Revenue

Revenue (TTM)

141.7M

Rev. Growth (Yr)

462.39%

Rev. Growth (Qtr)

12.64%

CNFR Earnings

Earnings (TTM)

-4.3M

Earnings Growth (Yr)

-77.68%

Earnings Growth (Qtr)

42.9%

Breaking Down CNFR Revenue

Last 7 days

7.8%

Last 30 days

-11.8%

Last 90 days

-25.9%

Trailing 12 Months

-41.2%

How does CNFR drawdown profile look like?

CNFR Financial Health

Debt/Equity

8.67

Debt/Cashflow

-0.53

CNFR Investor Care

Shares Dilution (1Y)

0.06%

Diluted EPS (TTM)

-2.12

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	100.4M	102.6M	106.4M	141.7M
2022	113.1M	116.6M	119.3M	101.2M
2021	105.4M	110.3M	115.2M	116.0M
2020	103.7M	103.9M	104.8M	103.2M
2019	107.0M	104.2M	102.9M	103.2M
2018	114.2M	113.7M	112.1M	109.2M
2017	109.4M	112.5M	114.1M	114.7M
2016	94.5M	97.5M	101.8M	104.7M
2015	69.1M	76.4M	84.1M	86.5M
2014	0	44.3M	55.6M	67.0M
2013	0	0	0	32.9M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Conifer Holdings Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Dec 20, 2023	hakala jeffrey anthony	bought	6,000,000	6,000	1,000	-
Dec 20, 2023	hakala gerald w	bought	6,000,000	6,000	1,000	-
May 03, 2023	meloche harold j	sold (taxes)	-1,045	1.54	-679	cfo, treasurer
Mar 24, 2023	petcoff james g	bought	302,000	1.51	200,000	executive chairman and co-ceo
Dec 30, 2022	petcoff james g	sold	-300,000	1.5	-200,000	executive chairman and co-ceo
Nov 29, 2022	petcoff james g	bought	6,938	1.6433	4,222	executive chairman and co-ceo
Nov 23, 2022	petcoff james g	bought	47,400	1.58	30,000	executive chairman and co-ceo
Aug 10, 2022	hakala jeffrey anthony	bought	3,000,000	2.00	1,500,000	-
Aug 10, 2022	petcoff nicholas j	bought	200,000	2.00	100,000	co-ceo
Aug 10, 2022	clarkston ventures, llc	bought	3,000,000	2.00	1,500,000	-

Which funds bought or sold CNFR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Mar 11, 2024	VANGUARD GROUP INC	added	5.18	196	34,469	-%
Feb 14, 2024	BANK OF AMERICA CORP /DE/	new	-	2.00	2.00	-%
Feb 14, 2024	Lakeshore Financial Planning, Inc.	unchanged	-	-514	11,219	0.01%
Feb 14, 2024	Clarkston Capital Partners, LLC	sold off	-100	-16,383	-	-%
Feb 14, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	unchanged	-	-2,860	13,650	-%
Feb 13, 2024	BlackRock Inc.	sold off	-100	-958	-	-%
Feb 13, 2024	MORGAN STANLEY	reduced	-68.21	-1,333	582	-%
Feb 13, 2024	Tower Research Capital LLC (TRC)	reduced	-13.89	-1,625	7,590	-%
Feb 13, 2024	GEODE CAPITAL MANAGEMENT, LLC	unchanged	-	-4,556	21,745	-%

Are Funds Buying or Selling CNFR?

Are funds buying CNFR calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CNFR

No. of Funds

Unveiling Conifer Holdings Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Dec 22, 2023	petcoff james g	28.1%	3,437,647	SC 13D/A
Apr 12, 2023	petcoff james g	32.5%	3,996,968	SC 13D/A
Feb 17, 2023	petcoff james g	30.4%	3,237,647	SC 13D/A
Aug 24, 2022	clarkston ventures, llc	29.76%	3,635,769	SC 13D/A
Feb 09, 2022	aegis financial corp	4.89%	474,519	SC 13G/A
Feb 09, 2022	petcoff james g	27.3%	2,650,420	SC 13D/A
Feb 11, 2021	petcoff james g	27.10%	2,623,989	SC 13D/A
Jan 22, 2021	aegis financial corp	5.62%	543,685	SC 13G/A
Feb 13, 2020	petcoff james g	27.10%	2,600,043	SC 13D/A
Feb 10, 2020	aegis financial corp	8.35%	800,258	SC 13G/A

Recent SEC filings of Conifer Holdings Inc

View All Filings

Date Filed	Form Type	Document
Apr 09, 2024	8-K	Current Report
Apr 09, 2024	8-K	Current Report
Apr 01, 2024	10-K	Annual Report
Mar 22, 2024	8-K	Current Report
Jan 24, 2024	3	Insider Trading
Jan 17, 2024	8-K	Current Report

Peers (Alternatives to Conifer Holdings Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ARGO	1.0T	1.3B	-2.55%	3152.72%	-4.8K	761.86	-10.27%	-34.69%
AJG	51.3B	10.1B	-3.58%	14.29%	52.91	5.1	17.79%	-12.97%
AIG	51.1B	46.8B	-2.09%	47.18%	14.02	1.09	-14.05%	-64.38%
TRV	48.9B	42.9B	-5.35%	20.38%	15.57	1.14	13.52%	12.15%
AFL	48.6B	18.7B	-0.62%	28.14%	10.44	2.6	-2.30%	5.45%
ACGL	34.9B	13.6B	2.42%	28.38%	7.85	2.56	41.83%	201.02%
AFG	10.8B	7.8B	-3.33%	8.21%	12.73	1.39	11.18%	-5.12%
MID-CAP
UNM	10.0B	12.4B	-2.20%	29.55%	7.75	0.8	3.35%	-8.77%
AIZ	9.2B	11.1B	-2.47%	51.84%	14.32	0.83	9.21%	132.28%
LNC	4.9B	11.6B	-4.15%	40.05%	-6.46	0.42	-38.09%	-155.38%
AEL	4.4B	2.8B	-0.21%	50.85%	21.12	1.57	100.59%	-89.04%
SMALL-CAP
BRP	1.6B	1.2B	-3.50%	9.50%	-18.22	1.35	24.25%	-115.79%
AMSF	974.4M	306.9M	3.35%	-3.65%	15.69	3.18	4.11%	11.70%
AMBC	657.1M	269.0M	-4.02%	-5.70%	146.03	2.44	-46.68%	-99.14%
AAME	39.0M	186.8M	-31.29%	-16.04%	-227.89	0.21	-0.56%	-111.21%

Conifer Holdings Inc News

Latest updates

Conifer Holdings Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	12.6%	42,972,500	38,150,000	36,013,000	24,579,000	7,641,000	34,401,000	33,782,000	25,366,000	25,718,000	31,770,000	30,228,000	28,247,000	24,933,500	26,872,000	25,300,000	26,053,000	26,609,000	25,962,000	25,082,000	25,550,000	26,289,500
Operating Expenses	-7.0%	4,095,000	4,403,000	5,114,000	4,279,000	5,779,000	4,380,000	4,470,000	4,160,000	3,741,000	4,077,000	4,342,000	4,349,000	4,027,000	4,537,000	4,859,000	5,045,000	4,622,000	4,297,000	4,340,000	4,323,000	4,407,000
EBITDA Margin	-60.2%	-0.16	-0.10	-0.09	-0.13	-0.17	-0.09	-0.09	0.03	0.01	0.05	0.06	0.03	0.03	-	-	-	-	-	-	-	-
Interest Expenses	-1.2%	845,000	855,000	820,000	686,000	755,000	778,000	727,000	711,000	698,000	701,000	732,000	721,000	740,000	723,000	731,000	731,000	727,000	720,000	725,000	710,000	810,000
Income Taxes	-	9,000	-	-	-	-9,401,000	-1,000	2,000	-41,000	17,000	-2,000	184,000	9,000	-7,000	-44,000	44,000	13,000	-122,000	-802,000	-	11,000	-
Earnings Before Taxes	-594.9%	-19,303,000	-2,778,000	-4,743,000	1,180,000	-7,290,000	-1,723,000	-8,490,000	-2,987,000	-996,000	-1,395,000	5,556,000	-4,875,000	2,845,000	309,000	1,370,000	-4,762,000	-3,317,000	-2,153,000	-2,876,000	-775,000	-4,829,500
EBT Margin	-41.2%	-0.18	-0.13	-0.12	-0.16	-0.20	-0.12	-0.12	0.00	-0.01	0.02	0.03	0.00	0.00	-	-	-	-	-	-	-	-
Net Income	100.0%	-	-2,706,000	-4,739,000	1,001,000	2,111,000	-1,523,000	-8,399,000	-2,870,000	-801,000	-1,209,000	5,552,000	-4,636,000	3,274,000	541,000	1,505,000	-4,725,000	-3,028,000	-1,230,000	-2,884,000	-680,000	-4,776,000
Net Income Margin	24.9%	-0.03	-0.04	-0.03	-0.07	-0.11	-0.11	-0.11	0.01	-0.01	0.03	0.04	0.01	-	-	-	-	-	-	-	-	-
Free Cashflow	-1863.6%	-12,663,000	718,000	4,571,000	-6,018,000	-26,383,000	1,383,000	-6,947,000	-8,527,000	7,343,000	2,472,000	-967,000	-3,513,000	6,039,000	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	6.3%	312	293	297	293	312	286	275	285	290	269	270	260	262	260	250	249	247	238	243	238	233
Cash Equivalents	-22.5%	11.00	14.00	19.00	22.00	28.00	35.00	13.00	8.00	10.00	8.00	5.00	4.00	8.00	8.00	5.00	8.00	7.00	31.00	20.00	10.00	11.00
Liabilities	9.7%	309	282	280	271	293	270	258	255	250	227	226	223	217	217	207	212	205	193	197	195	191
Long Term Debt	-0.8%	25.00	25.00	34.00	34.00	34.00	48.00	34.00	39.00	34.00	34.00	37.00	39.00	41.00	41.00	39.00	37.00	36.00	34.00	35.00	35.00	34.00
Shareholder's Equity	-75.5%	3.00	12.00	17.00	22.00	19.00	16.00	17.00	30.00	41.00	42.00	44.00	37.00	44.00	43.00	43.00	37.00	43.00	45.00	47.00	43.00	42.00
Retained Earnings	-29.0%	-86.68	-67.20	-64.50	-59.76	-60.76	-62.87	-61.35	-52.95	-50.08	-49.28	-48.07	-53.62	-48.98	-52.26	-52.80	-54.30	-49.58	-46.55	-45.32	-42.44	-41.76
Shares Outstanding	0%	12.00	12.00	12.00	12.00	12.00	11.00	10.00	10.00	10.00	10.00	10.00	10.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	-	-	5.00	-	-	-	10.00	-	-	-	-	-	-	-	21.00	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-1863.6%	-12,663	718	4,571	-6,018	-26,383	1,383	-6,947	-8,527	7,343	2,472	-967	-3,493	5,977	1,606	-8,616	4,015	8,017	7,567	1,977	-2,200	-9,497
Share Based Compensation	-2.3%	43.00	44.00	48.00	55.00	57.00	58.00	58.00	38.00	34.00	51.00	67.00	66.00	70.00	161	236	239	240	234	240	245	254
Cashflow From Investing	-0.3%	3,768	3,780	-7,352	-468	36,423	6,382	12,247	1,451	-3,936	371	3,213	1,729	-5,333	-1,143	3,272	-4,133	-33,405	3,933	3,130	1,329	798
Cashflow From Financing	163.6%	5,659	-8,902	-	-	-17,418	14,500	11.00	5,000	-1,001	-4.00	-2,007	-2,000	-1.00	2,275	2,056	754	1,998	-1,061	4,897	490	3,036
Buy Backs	-	-	-	3.00	-	1.00	-	-11.00	-	1.00	4.00	7.00	-	1.00	19.00	14.00	2.00	2.00	66.00	98.00	510	636

CNFR Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Revenue and Other Income

Gross earned premiums

$ 146,572

$ 135,401

Ceded earned premiums

(62,637)

(38,690)

Net earned premiums

83,935

96,711

Net investment income

5,526

3,043

Net realized investment gains (losses)

(20)

(1,505)

Change in fair value of equity securities

608

403

Gain from VSRM Transaction

8,810

Loss portfolio transfer risk fee

(5,400)

Gain from sale of renewal rights

2,335

Other gains (losses)

Agency commission income

5,680

1,414

Other income

694

1,354

Total revenue and other income

98,758

104,889

Expenses

Losses and loss adjustment expenses, net

82,413

81,440

Policy acquisition costs

20,892

22,179

Operating expenses

17,891

18,789

Interest expense

3,206

2,971

Total expenses

124,402

125,379

Income (loss) before income taxes

(25,644)

(20,490)

Equity earnings (losses) in Affiliate, net of tax

(251)

368

Income tax expense (benefit)

(9,441)

Net income (loss)

(25,904)

(10,681)

Preferred stock dividends

Net income (loss) allocable to common shareholders

$ (25,885)

$ (10,681)

Earnings (loss) per common share, basic

$ (2.12)

$ (1)

Earnings (loss) per common share, diluted

$ (2.12)

$ (1)

Weighted average common shares outstanding, basic

^[1]

12,220,511

10,692,090

Weighted average common shares outstanding, diluted

^[1]

12,220,511

10,692,090

[1]

The preferred shares that may be convertible into a total of 4,000,000 common shares were anti-dilutive and thus did not impact the diluted earnings per share calculation. There were no unvested restricted stock units as of December 31, 2023. The non-vested shares of the restricted stock units and stock options were anti-dilutive as of December 31, 2022. Therefore, the non-vested shares are excluded from earnings (loss) per share for the years ended December 31, 2022.

CNFR Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investment securities:
Debt securities, at fair value (amortized cost of $135,370 and $127,119, respectively)	$ 122,113	$ 110,201
Equity securities, at fair value (cost of $2,385 and $1,905, respectively)	2,354	1,267
Short-term investments, at fair value	20,838	25,929
Total investments	145,305	137,397
Cash and cash equivalents	11,125	28,035
Premiums and agents' balances receivable, net	29,369	21,802
Reinsurance recoverables on unpaid losses	70,807	82,651
Reinsurance recoverables on paid losses	12,619	6,653
Prepaid reinsurance premiums	28,908	16,399
Deferred policy acquisition costs	6,285	10,290
Other assets	6,339	7,862
Total assets	311,804	312,350
Liabilities:
Unpaid losses and loss adjustment expenses	174,612	165,539
Unearned premiums	65,150	67,887
Reinsurance premium payable	246	6,144
Debt	25,061	33,876
Funds held under reinsurance agreements	24,550	11,084
Premiums payable to other insureds	13,986
Accounts payable and accrued expenses	5,310	8,870
Total liabilities	308,915	293,400
Commitments and contingencies	0	0
Shareholders' equity:
Preferred stock, no par value (10,000,000 shares authorized; 1,000 and 0 issued and outstanding, respectively)	6,000	0
Common stock, no par value (100,000,000 shares authorized; 12,222,881 and 12,215,849 issued and outstanding, respectively)	98,100	97,913
Accumulated deficit	(86,683)	(60,760)
Accumulated other comprehensive income (loss)	(14,528)	(18,203)
Total shareholders' equity	2,889	18,950
Total liabilities and shareholders' equity	311,804	312,350
Affiliated Entity
Investment securities:
Receivable from Affiliate	$ 1,047	$ 1,261

About Conifer Holdings Inc

Conifer Holdings, Inc., an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling 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, including companies that provide security guard services, security alarm products and services, and private investigative services. The company also 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 approximately 4,900 independent agents in 50 states in the United States. The company was incorporated in 2009 and is headquartered in Troy, Michigan.

CEO	Mr. James George Petcoff
WEBSITE	cnfrh.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	109

Conifer Holdings Inc Frequently Asked Questions

What is the ticker symbol for Conifer Holdings Inc? What does CNFR stand for in stocks?

CNFR is the stock ticker symbol of Conifer Holdings Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Conifer Holdings Inc (CNFR)?

As of Wed Apr 24 2024, market cap of Conifer Holdings Inc is 11.86 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CNFR stock?

You can check CNFR's fair value in chart for subscribers.

What is the fair value of CNFR stock?

You can check CNFR's fair value in chart for subscribers. The fair value of Conifer Holdings Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Conifer Holdings Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CNFR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Conifer Holdings Inc a good stock to buy?

The fair value guage provides a quick view whether CNFR is over valued or under valued. Whether Conifer Holdings Inc is cheap or expensive depends on the assumptions which impact Conifer Holdings Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CNFR.

What is Conifer Holdings Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 24 2024, CNFR's PE ratio (Price to Earnings) is -2.96 and Price to Sales (PS) ratio is 0.08. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CNFR PE ratio will change depending on the future growth rate expectations of investors.