Kingsway Financial Services Inc. (NYSE:KFS) Director Joseph Stilwell Sells 1,000,000 Shares

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) Director Joseph Stilwell sold 1,000,000 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $8.00, for a total value of $8,000,000.00. Following the completion of the transaction, the director now directly owns 498,937 shares in the company, valued at approximately $3,991,496. This represents a 66.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Kingsway Financial Services Stock Up 0.4 %

Shares of NYSE:KFS opened at $7.99 on Friday. Kingsway Financial Services Inc. has a 12-month low of $7.06 and a 12-month high of $9.58. The stock has a 50 day moving average of $7.84 and a 200 day moving average of $8.30. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.20.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Kingsway Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, March 20th.

Hedge Funds Weigh In On Kingsway Financial Services

A number of hedge funds have recently modified their holdings of KFS. BNP Paribas Financial Markets lifted its stake in shares of Kingsway Financial Services by 36.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,526 shares of the insurance provider’s stock valued at $54,000 after buying an additional 1,742 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Kingsway Financial Services by 368.2% during the third quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider’s stock valued at $236,000 after acquiring an additional 22,438 shares during the period. Private Advisor Group LLC purchased a new position in shares of Kingsway Financial Services in the fourth quarter valued at about $102,000. State Street Corp boosted its stake in shares of Kingsway Financial Services by 4.8% in the third quarter. State Street Corp now owns 151,477 shares of the insurance provider’s stock worth $1,254,000 after acquiring an additional 6,877 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Kingsway Financial Services by 2.0% during the third quarter. Geode Capital Management LLC now owns 347,235 shares of the insurance provider’s stock worth $2,875,000 after purchasing an additional 6,941 shares in the last quarter. 72.38% of the stock is currently owned by institutional investors.

Kingsway Financial Services Company Profile

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.