Insider Selling: Kingsway Financial Services (NYSE:KFS) Director Sells 35,000 Shares of Stock

by · The Cerbat Gem

Kingsway Financial Services, Inc. (NYSE:KFS – Get Free Report) (TSE:KFS) Director Joseph Stilwell sold 35,000 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $12.82, for a total transaction of $448,700.00. Following the sale, the director directly owned 666,904 shares of the company’s stock, valued at $8,549,709.28. This represents a 4.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $12.80, for a total value of $256,000.00.
  • On Wednesday, September 17th, Joseph Stilwell sold 48,000 shares of Kingsway Financial Services stock. The stock was 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 Down 0.0%

KFS traded down $0.01 during trading hours on Wednesday, hitting $12.65. 91,930 shares of the company’s stock were exchanged, compared to its average volume of 63,127. The stock’s 50-day moving average is $13.85 and its two-hundred day moving average is $13.99. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.74. Kingsway Financial Services, Inc. has a 1-year low of $7.06 and a 1-year high of $16.80. The stock has a market cap of $366.20 million, a price-to-earnings ratio of -35.13 and a beta of 0.32.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Read Our Latest Research Report on KFS

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KFS. Mirabella Financial Services LLP grew its position in shares of Kingsway Financial Services by 13.2% in the third quarter. Mirabella Financial Services LLP now owns 2,189,905 shares of the insurance provider’s stock valued at $32,016,000 after purchasing an additional 255,319 shares during the last quarter. Alliancebernstein L.P. increased its position in Kingsway Financial Services by 17.2% during the third quarter. Alliancebernstein L.P. now owns 14,960 shares of the insurance provider’s stock worth $219,000 after acquiring an additional 2,200 shares during the period. BNP Paribas Financial Markets boosted its holdings in Kingsway Financial Services by 143.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,141 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 2,442 shares during the period. Russell Investments Group Ltd. raised its position in shares of Kingsway Financial Services by 170.2% in the third quarter. Russell Investments Group Ltd. now owns 9,093 shares of the insurance provider’s stock valued at $133,000 after buying an additional 5,728 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Kingsway Financial Services by 12.5% during the third quarter. Vanguard Group Inc. now owns 948,838 shares of the insurance provider’s stock worth $13,872,000 after buying an additional 105,080 shares in the last quarter. 72.38% of the stock is owned by institutional investors.

Kingsway Financial Services Company Profile

(Get Free Report)

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.

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