Insider Selling: Kingsway Financial Services (NYSE:KFS) Director Sells $864,000.00 in Stock

by · The Markets Daily

Kingsway Financial Services, Inc. (NYSE:KFS – Get Free Report) (TSE:KFS) Director Joseph Stilwell sold 67,500 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $12.80, for a total value of $864,000.00. Following the sale, the director owned 579,404 shares of the company’s stock, valued at approximately $7,416,371.20. The trade was a 10.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $12.80, for a total value of $133,491.20.
  • On Monday, December 15th, Joseph Stilwell sold 34,269 shares of Kingsway Financial Services stock. The shares were sold at an average price of $12.80, for a total value of $438,643.20.
  • 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 value 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 Performance

Shares of KFS stock opened at $12.28 on Thursday. The firm has a 50 day moving average of $13.61 and a 200-day moving average of $13.98. The company has a market cap of $355.43 million, a price-to-earnings ratio of -34.10 and a beta of 0.32. 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 52 week low of $7.06 and a 52 week high of $16.80.

Kingsway Financial Services (NYSE:KFS – Get Free Report) (TSE:KFS) last issued 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%.

Analyst Upgrades and Downgrades

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

Get Our Latest Analysis on KFS

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KFS. Rhumbline Advisers grew its holdings in Kingsway Financial Services by 2.9% during the third quarter. Rhumbline Advisers now owns 26,495 shares of the insurance provider’s stock worth $387,000 after buying an additional 741 shares in the last quarter. Legal & General Group Plc lifted its stake in Kingsway Financial Services by 66.2% during the 2nd quarter. Legal & General Group Plc now owns 2,009 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 800 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Kingsway Financial Services by 110.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,851 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 972 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Kingsway Financial Services by 17.2% during the 2nd quarter. Osaic Holdings Inc. now owns 6,925 shares of the insurance provider’s stock worth $94,000 after acquiring an additional 1,015 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Kingsway Financial Services by 4.8% in the 2nd quarter. Bank of America Corp DE now owns 34,992 shares of the insurance provider’s stock worth $474,000 after acquiring an additional 1,592 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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