conifer insurance company provides customized insurance products for regional industry groups underserved by large national and international insurance companies. conifer’s core expertise lies in servicing businesses operating in the hospitality industry, providing restaurants, bars and taverns with comprehensive coverages supported by knowledgeable management, underwriting and claims handling. conifer insurance company is based in michigan, and offers both admitted and excess & surplus lines capabilities which vary by state.
Company profile
Ticker
CNFR
Exchange
Website
CEO
James Petcoff
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Conifer Insurance Company • Red Cedar Insurance Company • White Pine Insurance Company • VSRM, Inc. • Sycamore Specialty Underwriters, LLC ...
CNFR stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
26 Apr 24
DEF 14A
Definitive proxy
25 Apr 24
8-K
Regulation FD Disclosure
8 Apr 24
8-K
Conifer Holdings Reports 2023 Fourth Quarter and Year End Financial Results; Announces Strategic Shift to Production Based Revenue
8 Apr 24
10-K
2023 FY
Annual report
1 Apr 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
22 Mar 24
8-K
Conifer Holdings Names New Board Chair; Appoints New Director
17 Jan 24
UPLOAD
Letter from SEC
11 Jan 24
CORRESP
Correspondence with SEC
10 Jan 24
8-K
Entry into a Material Definitive Agreement
22 Dec 23
Transcripts
CNFR
Earnings call transcript
2023 Q4
5 Apr 24
CNFR
Earnings call transcript
2023 Q3
10 Nov 23
CNFR
Earnings call transcript
2023 Q2
10 Aug 23
CNFR
Earnings call transcript
2023 Q1
11 May 23
CNFR
Earnings call transcript
2022 Q4
9 Mar 23
CNFR
Earnings call transcript
2022 Q3
12 Nov 22
CNFR
Earnings call transcript
2022 Q2
11 Aug 22
CNFR
Earnings call transcript
2022 Q1
14 May 22
CNFR
Earnings call transcript
2022 Q1
12 May 22
CNFR
Earnings call transcript
2021 Q4
3 Mar 22
Latest ownership filings
3
James Grant Smith
24 Jan 24
SC 13D/A
PETCOFF JAMES G
22 Dec 23
4
Jeffrey Anthony Hakala
22 Dec 23
4
Gerald W Hakala
22 Dec 23
4
HAROLD J MELOCHE
5 May 23
SC 13D/A
PETCOFF JAMES G
12 Apr 23
4
JAMES G PETCOFF
27 Mar 23
SC 13D/A
PETCOFF JAMES G
17 Feb 23
4
JAMES G PETCOFF
3 Jan 23
4
JAMES G PETCOFF
1 Dec 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Operating income | |||||
Operating margin | |||||
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 14.36 mm | 14.36 mm | 14.36 mm | 14.36 mm | 14.36 mm | 14.36 mm |
Cash burn (monthly) | 1.47 mm | 1.75 mm | 1.87 mm | 2.29 mm | (no burn) | 2.26 mm |
Cash used (since last report) | 10.19 mm | 12.18 mm | 13.01 mm | 15.88 mm | n/a | 15.69 mm |
Cash remaining | 4.17 mm | 2.18 mm | 1.35 mm | -1.52 mm | n/a | -1.33 mm |
Runway (months of cash) | 2.8 | 1.2 | 0.7 | -0.7 | n/a | -0.6 |
Institutional ownership, Q3 2023
36.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 15 |
Opened positions | 4 |
Closed positions | 2 |
Increased positions | 2 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 995.72 mm |
Total shares | 4.49 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Clarkston Ventures | 3.64 mm | $0.00 |
Aegis Financial | 474.52 k | $545.84 mm |
Iat Reinsurance | 250.00 k | $287.58 mm |
Vanguard | 29.80 k | $34.27 mm |
Geode Capital Management | 20.71 k | $26.30 mm |
UBS UBS Group AG - Registered Shares | 19.79 k | $22.76 mm |
SkyOak Wealt | 17.50 k | $22.23 mm |
Bridgeway Capital Management | 13.00 k | $16.51 mm |
Clarkston Capital Partners | 12.90 k | $16.38 mm |
Lakeshore Financial Planning | 10.20 k | $11.73 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
20 Dec 23 | Gerald W Hakala | Series A Preferred Stock | Buy | Acquire P | Yes | No | 6000 | 1,000 | 6.00 mm | 1,000 |
20 Dec 23 | Jeffrey Anthony Hakala | Series A Preferred Stock | Buy | Acquire P | Yes | No | 6000 | 1,000 | 6.00 mm | 1,000 |
3 May 23 | Meloche Harold J | Common Stock | Payment of exercise | Dispose F | No | No | 1.54 | 679 | 1.05 k | 50,588 |
24 Mar 23 | Petcoff James G | Common Stock | Buy | Acquire P | No | No | 1.51 | 200,000 | 302.00 k | 680,275 |
News
Why Agenus Shares Are Trading Lower By Around 17%? Here Are Other Stocks Moving In Monday's Mid-Day Session
8 Apr 24
Conifer Holdings Q1 EPS $(1.59)
4 Apr 24
Conifer Announces Commercial Lines Capacity Partnership With Accelerant
4 Apr 24
Earnings Scheduled For April 4, 2024
4 Apr 24
Conifer Announces Strategic Partnership With Palomar Serving The Cannabis Industry
1 Apr 24
Press releases
Conifer Holdings Reports 2023 Fourth Quarter and Year End Financial Results; Announces Strategic Shift to Production Based Revenue
4 Apr 24
Conifer Announces Commercial Lines Capacity Partnership with Accelerant
4 Apr 24
Conifer Holdings Schedules Fourth Quarter 2023 Earnings Conference Call/Webcast for April 5, 2024
3 Apr 24
Conifer Announces Strategic Partnership with Palomar Serving the Cannabis Industry
1 Apr 24
AM Best Downgrades and Withdraws Credit Ratings of Conifer Holdings, Inc. and Subsidiaries
14 Mar 24