What made Conifer Holding Inc’s (CNFR) shares spike in the premarket session?

Conifer Holding Inc (CNFR) stock surged dramatically in the premarket session today. Despite the stock’s recent rally, it should be noted that there were no recent stories regarding the company that could have precipitated such a move. As a result, it might be necessary to mention a momentous event on November 11, 2020, when the company announced results for the third quarter ended September 30, 2020.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Third Quarter 2020 Financial Highlights (compared to the prior-year period) Company’s Gross written premium surged 10.2% to $29.8 million. Its Commercial Lines gross written premium rose 9.1% to $27.3 million. Personal lines gross written premium spiked 23.6% to $2.5 million. The company recorded Commercial Lines combined ratio of 114.2%, while its Personal Lines combined ratio was 68.1%. Meanwhile, its Book value per share of $4.40 as of September 30, 2020, in contrast to $4.51 as of June 30, 2020, and $3.81 on March 31, 2020

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

Read More

Most Popular

Related posts