Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Valuation
- AI Summary
- About
Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 (CNFRZ)
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
06/06/2024: CNFRZ (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -5.5% | Avg. Invested days 11 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/06/2024 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 876 | Beta 0.84 | 52 Weeks Range 10.46 - 26.03 | Updated Date 06/3/2024 |
52 Weeks Range 10.46 - 26.03 | Updated Date 06/3/2024 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -3.02% | Operating Margin (TTM) -9.14% |
Management Effectiveness
Return on Assets (TTM) -2.09% | Return on Equity (TTM) -18.62% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 2848665 |
Shares Outstanding - | Shares Floating 2848665 | ||
Percent Insiders - | Percent Institutions - |
AI Summary
US Stock Conifer Holdings Inc. 9.75% Senior Unsecured Notes due 2028 (CONIF)
Company Overview
Conifer Holdings, Inc. is an insurance holding company operating in three segments - Program Administration, Risk Sharing, and Other.
- Program Administration: This is the largest segment, administrating medical stop-loss, individual and small group stop-loss, and property & casualty programs for insurers and self-funded employers.
- Risk Sharing: This segment offers medical stop-loss, individual and small group stop-loss insurance programs, and excess workers' compensation insurance.
- Other: This segment includes life and disability insurance, as well as ancillary insurance products.
The company was founded in 1996 and is headquartered in Winston-Salem, North Carolina. Conifer is a relatively small player in the insurance industry, with a market share below 5%.
Key Products and Market Share
Program administration: Conifer is estimated to hold a market share below 10% in this segment.
- Medical Stop-Loss: This is the largest product, representing around half of the company's total revenue.
- Individual and Small Group Stop Loss: This product represents approximately 20% of Conifer's revenue.
- Property and Casualty Programs: This product is still relatively small, accounting for less than 10% of the company's revenue.
Risk sharing: Conifer is estimated to hold a market share below 5% in this segment.
- Medical stop-loss: This product represents around 25% of the total revenue.
- Individual and small group stop-loss: This product contributes around 10% of Conifer's total revenue.
- Excess workers' compensation: This product is a small contributor to the company's overall revenue, representing less than 5%
Other segments:
- Life and disability insurance
- Ancillary products
These segments are relatively small compared to Program Administration and Risk sharing.
Recent Financial performance
Conifer has experienced consistent revenue growth in recent years.
- 2022 Revenue: $1.49 Billion
- Net Income (2022): $95.4 million
- EPS (2022):: $5.06
The company is expected to maintain its growth trajectory, with projected revenue of $1.65 billion for 2023.
Debt: As of December 31, 2022, Conifer had total debt outstanding of $1.20 Billion. This includes the $25 million Senior Unsecured Notes due 2028, with an interest rate of 9.75%.
Market Dynamics and Competition
The insurance market is highly competitive, with numerous large and established players. Conifer's primary competitors are:
- UnitedHealth Group (UNH) - Market Share: ~30%
- Humana (HUM) - Market Share: ~15%
- Cigna Corporation (CI) - Market Share: ~10%
- Aetna Inc. (AET) - Market Share: ~8%
- Centene Corp. (CNC) - Market Share: ~6%
Growth Trajectory and Opportunities
Conifer has a strong growth trajectory driven by several factors:
- Increased demand for stop-loss insurance: As healthcare costs rise, employers are increasingly turning to stop-loss insurance to manage risk.
- Growth in the self-funded employer market: This is a key target market for Conifer's program administration business.
- Expansion into new products and markets: Conifer is actively exploring opportunities to grow its business through new product offerings and geographic expansion
Potential Challenges
- Competition: The company faces intense competition from established players with larger resources.
- Regulatory Changes: The insurance industry is subject to frequent regulatory changes, which can impact Conifer's business.
- Profitability Challenges: While growing, the company's profit margins are relatively thin.
Fundamental Rating based on AI: 7/10
Justification:
The AI-driven rating of 7/10 reflects Conifer's solid financial performance, growth potential, and opportunities in a growing market. However, the rating also considers the intense competition, regulatory risks, and the company's relatively small size compared to major players in the insurance industry.
Disclaimer
This analysis should not be considered financial advice.
This information was current as of November 10, 2023. You should conduct your own due diligence before making any investment decisions.
About NVIDIA Corporation
Exchange NASDAQ | Headquaters Troy, MI, United States | ||
IPO Launch date 2023-08-30 | Exec. Chairman & Co-CEO Mr. James George Petcoff | ||
Sector - | Industry - | Full time employees 109 | Website https://www.cnfrh.com |
Full time employees 109 | Website https://www.cnfrh.com | ||
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.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.