Kingsway Financial Services (NYSE:KFS) Cut to Sell at StockNews.com

StockNews.com lowered shares of Kingsway Financial Services (NYSE:KFS) (TSE:KFS) from a hold rating to a sell rating in a research report released on Monday.

Kingsway Financial Services Price Performance

NYSE:KFS opened at $9.34 on Monday. The company has a 50-day moving average of $8.13 and a 200-day moving average of $8.28. Kingsway Financial Services has a 52 week low of $7.06 and a 52 week high of $9.58. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.20.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last released its quarterly earnings data on Thursday, May 8th. The insurance provider reported ($0.13) EPS for the quarter. Kingsway Financial Services had a negative return on equity of 7.83% and a negative net margin of 3.63%.

Insider Transactions at Kingsway Financial Services

In related news, 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 transaction of $8,000,000.00. Following the completion of the sale, the director now owns 498,937 shares in the company, valued at $3,991,496. This trade represents a 66.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 53.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Kingsway Financial Services

A number of hedge funds have recently made changes to their positions in KFS. Barclays PLC increased its position in shares of Kingsway Financial Services by 325.5% during the 3rd quarter. Barclays PLC now owns 18,269 shares of the insurance provider’s stock worth $150,000 after purchasing an additional 13,975 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Kingsway Financial Services by 368.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider’s stock worth $236,000 after purchasing an additional 22,438 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Kingsway Financial Services during the 4th quarter worth about $102,000. Bard Associates Inc. increased its position in shares of Kingsway Financial Services by 2.8% during the 4th quarter. Bard Associates Inc. now owns 296,059 shares of the insurance provider’s stock worth $2,478,000 after purchasing an additional 7,946 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Kingsway Financial Services by 50.0% during the 4th quarter. Wells Fargo & Company MN now owns 5,937 shares of the insurance provider’s stock worth $50,000 after purchasing an additional 1,980 shares in the last quarter. Institutional investors and hedge funds own 72.38% of the company’s stock.

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.