Kingsway Financial Services (NYSE:KFS) Director Sells $864,000.00 in Stock

Kingsway Financial Services, Inc. (NYSE:KFS) (TSE:KFS) Director Joseph Stilwell sold 67,500 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $12.80, for a total value of $864,000.00. Following the transaction, the director directly owned 579,404 shares in the company, valued at $7,416,371.20. This trade represents a 10.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Joseph Stilwell also recently made the following trade(s):

• On Tuesday, December 9th, Joseph Stilwell sold 20,000 shares of Kingsway Financial Services stock. The stock was sold at an average price of $12.80, for a total transaction of $256,000.00.
• On Monday, December 8th, Joseph Stilwell sold 35,000 shares of Kingsway Financial Services stock. The stock was sold at an average price of $12.82, for a total transaction of $448,700.00.
• On Wednesday, September 17th, Joseph Stilwell sold 48,000 shares of Kingsway Financial Services stock. The shares were sold at an average price of $14.47, for a total transaction of $694,560.00.
• On Tuesday, September 16th, Joseph Stilwell sold 20,000 shares of Kingsway Financial Services stock. The shares were sold at an average price of $14.40, for a total transaction of $288,000.00.

Kingsway Financial Services Trading Up 0.6%

Shares of NYSE:KFS traded up $0.07 during trading on Monday, reaching $12.80. The stock had a trading volume of 77,853 shares, compared to its average volume of 63,814. Kingsway Financial Services, Inc. has a 52 week low of $7.06 and a 52 week high of $16.80. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.39 and a current ratio of 0.39. The firm’s fifty day moving average is $13.74 and its 200 day moving average is $14.00. The stock has a market cap of $370.72 million, a price-to-earnings ratio of -35.56 and a beta of 0.32.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last issued its quarterly earnings data on Thursday, November 6th. The insurance provider reported ($0.10) earnings per share (EPS) for the quarter. Kingsway Financial Services had a negative net margin of 8.55% and a negative return on equity of 76.94%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsway Financial Services in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Kingsway Financial Services

Large investors have recently made changes to their positions in the company. Mirabella Financial Services LLP increased its stake in Kingsway Financial Services by 13.2% in the 3rd quarter. Mirabella Financial Services LLP now owns 2,189,905 shares of the insurance provider’s stock worth $32,016,000 after buying an additional 255,319 shares in the last quarter. Greenhaven Road Investment Management L.P. boosted its stake in Kingsway Financial Services by 73.4% during the second quarter. Greenhaven Road Investment Management L.P. now owns 1,310,536 shares of the insurance provider’s stock valued at $17,745,000 after buying an additional 554,891 shares during the last quarter. Vanguard Group Inc. grew its holdings in Kingsway Financial Services by 12.5% during the 3rd quarter. Vanguard Group Inc. now owns 948,838 shares of the insurance provider’s stock valued at $13,872,000 after buying an additional 105,080 shares in the last quarter. Geode Capital Management LLC raised its stake in Kingsway Financial Services by 20.2% during the second quarter. Geode Capital Management LLC now owns 426,836 shares of the insurance provider’s stock valued at $5,780,000 after purchasing an additional 71,720 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Kingsway Financial Services by 11.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 102,386 shares of the insurance provider’s stock worth $811,000 after buying an additional 10,350 shares during the last quarter. 72.38% of the stock is currently owned by institutional investors.

About Kingsway Financial Services

Kingsway Financial Services Inc, through its subsidiaries, engages in the extended warranty and business services in the United States. The company operates through two segments, Extended Warranty and Kingsway Search Xcelerator. The Extended Warranty segment markets, sells, and administers vehicle service agreements and related products for new and used automobiles, motorcycles, and ATVs.