Insider Selling: Kingsway Financial Services (NYSE:KFS) Director Sells 67,500 Shares of Stock

Kingsway Financial Services, Inc. (NYSE:KFS) (TSE:KFS) Director Joseph Stilwell sold 67,500 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $12.80, for a total transaction of $864,000.00. Following the transaction, the director 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 hyperlink.

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 value 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 value of $694,560.00.
• On Tuesday, September 16th, Joseph Stilwell sold 20,000 shares of Kingsway Financial Services stock. The stock was sold at an average price of $14.40, for a total value of $288,000.00.

Kingsway Financial Services Stock Up 0.6%

Shares of KFS stock traded up $0.07 on Monday, hitting $12.80. The stock had a trading volume of 77,853 shares, compared to its average volume of 63,814. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average price of $13.74 and a 200 day moving average price of $14.00. Kingsway Financial Services, Inc. has a one year low of $7.06 and a one year high of $16.80. The company has a market cap of $370.72 million, a PE ratio of -35.56 and a beta of 0.32.

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

Institutional Investors Weigh In On Kingsway Financial Services

Several institutional investors have recently modified their holdings of KFS. Rhumbline Advisers boosted its position in shares of Kingsway Financial Services by 2.9% during the 3rd quarter. Rhumbline Advisers now owns 26,495 shares of the insurance provider’s stock worth $387,000 after acquiring an additional 741 shares in the last quarter. Legal & General Group Plc boosted its holdings in Kingsway Financial Services by 66.2% in the second quarter. Legal & General Group Plc now owns 2,009 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 800 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in Kingsway Financial Services by 110.6% in the second quarter. Ameritas Investment Partners Inc. now owns 1,851 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 972 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Kingsway Financial Services by 17.2% during the second quarter. Osaic Holdings Inc. now owns 6,925 shares of the insurance provider’s stock worth $94,000 after purchasing an additional 1,015 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Kingsway Financial Services by 4.8% during the 2nd quarter. Bank of America Corp DE now owns 34,992 shares of the insurance provider’s stock worth $474,000 after buying an additional 1,592 shares during the last quarter. 72.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.