Kingsway Financial Services (NYSE:KFS) Director Sells $438,643.20 in Stock

by · The Markets Daily

Kingsway Financial Services, Inc. (NYSE:KFS – Get Free Report) (TSE:KFS) Director Joseph Stilwell sold 34,269 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $12.80, for a total value of $438,643.20. Following the completion of the transaction, the director owned 545,135 shares in the company, valued at $6,977,728. The trade was a 5.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Joseph Stilwell also recently made the following trade(s):

  • On Tuesday, December 16th, Joseph Stilwell sold 10,429 shares of Kingsway Financial Services stock. The stock was sold at an average price of $12.80, for a total value of $133,491.20.
  • On Thursday, December 11th, Joseph Stilwell sold 67,500 shares of Kingsway Financial Services stock. The stock was sold at an average price of $12.80, for a total value of $864,000.00.
  • 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 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 transaction of $448,700.00.

Kingsway Financial Services Price Performance

KFS traded down $0.44 during trading on Wednesday, hitting $12.28. 65,835 shares of the company traded hands, compared to its average volume of 63,801. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.74. The company has a market cap of $355.48 million, a PE ratio of -34.10 and a beta of 0.32. The stock’s 50-day simple moving average is $13.67 and its two-hundred day simple moving average is $14.00. Kingsway Financial Services, Inc. has a 1 year low of $7.06 and a 1 year high of $16.80.

Kingsway Financial Services (NYSE:KFS – Get Free Report) (TSE:KFS) last released its quarterly earnings data 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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in Kingsway Financial Services by 36.5% during the 4th quarter. Bank of America Corp DE now owns 12,334 shares of the insurance provider’s stock valued at $103,000 after purchasing an additional 3,300 shares during the last quarter. Nuveen LLC purchased a new position in shares of Kingsway Financial Services during the first quarter valued at approximately $139,000. Goldman Sachs Group Inc. grew its stake in shares of Kingsway Financial Services by 11.2% during the first quarter. Goldman Sachs Group Inc. now owns 102,386 shares of the insurance provider’s stock valued at $811,000 after buying an additional 10,350 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Kingsway Financial Services in the first quarter worth approximately $149,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Kingsway Financial Services during the 2nd quarter worth approximately $26,000. Hedge funds and other institutional investors own 72.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsway Financial Services in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on Kingsway Financial Services

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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