Kingsway Financial Services (NYSE:KWY) Director Joseph Stilwell Sells 100,000 Shares of Stock

Kingsway Financial Services Inc (NYSE:KWY) Director Joseph Stilwell sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $10.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the director directly owned 267,018 shares of the company’s stock, valued at $2,670,180. This represents a 27.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Kingsway Financial Services Trading Down 1.5%

NYSE KWY opened at $9.79 on Tuesday. The firm’s 50 day moving average price is $9.86 and its two-hundred day moving average price is $11.24. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.36 and a current ratio of 1.36. Kingsway Financial Services Inc has a twelve month low of $8.41 and a twelve month high of $16.51. The stock has a market cap of $283.22 million, a price-to-earnings ratio of -32.63 and a beta of 0.24.

Kingsway Financial Services (NYSE:KWY) last released its earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $39.44 million during the quarter. Kingsway Financial Services had a negative net margin of 6.69% and a negative return on equity of 61.62%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Kingsway Financial Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Kingsway Financial Services presently has an average rating of “Sell”.

Institutional Investors Weigh In On Kingsway Financial Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KWY. Rhumbline Advisers grew its holdings in shares of Kingsway Financial Services by 2.9% during the 3rd quarter. Rhumbline Advisers now owns 26,495 shares of the company’s stock valued at $387,000 after acquiring an additional 741 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Kingsway Financial Services by 66.2% in the second quarter. Legal & General Group Plc now owns 2,009 shares of the company’s stock worth $27,000 after acquiring an additional 800 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Kingsway Financial Services by 17.2% during the second quarter. Osaic Holdings Inc. now owns 6,925 shares of the company’s stock worth $94,000 after acquiring an additional 1,015 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Kingsway Financial Services by 9.8% during the fourth quarter. Deutsche Bank AG now owns 17,669 shares of the company’s stock worth $238,000 after acquiring an additional 1,581 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in Kingsway Financial Services by 4.8% during the second quarter. Bank of America Corp DE now owns 34,992 shares of the company’s stock valued at $474,000 after purchasing an additional 1,592 shares during the last quarter. Hedge funds and other institutional investors own 72.38% of the company’s stock.

About Kingsway Financial Services

Kingsway Financial Services Inc is a holding company that operates through a group of subsidiaries focused on extended warranty and specialty insurance-related services. The company’s businesses primarily provide administration, underwriting, and related support services for protection products offered through automotive, consumer, and other markets.

Kingsway has historically operated in the insurance and service contract space, with activities centered on helping businesses and consumers manage risk and protection coverage needs.