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

0
1474
ASTR Stock
ASTR Stock

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


Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report

Sponsored


Read More

LEAVE A REPLY

Please enter your comment!
Please enter your name here