Kingsway Financial Services (NYSE:KFS) Director Joseph Stilwell Sells 10,429 Shares

Kingsway Financial Services, Inc. (NYSE:KFS) (TSE:KFS) Director Joseph Stilwell sold 10,429 shares of Kingsway Financial Services stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $12.80, for a total transaction of $133,491.20. Following the completion of the transaction, the director directly owned 534,706 shares in the company, valued at approximately $6,844,236.80. The trade was a 1.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 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 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 shares were sold at an average price of $12.82, for a total value of $448,700.00.

Kingsway Financial Services Trading Down 3.4%

Shares of Kingsway Financial Services stock traded down $0.44 during midday trading on Wednesday, reaching $12.28. 65,835 shares of the company’s stock traded hands, compared to its average volume of 63,801. The stock has a 50 day moving average of $13.67 and a 200-day moving average of $14.00. Kingsway Financial Services, Inc. has a 12 month low of $7.06 and a 12 month high of $16.80. The company has a market cap of $355.48 million, a PE ratio of -34.10 and a beta of 0.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.39 and a current ratio of 0.39.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Kingsway Financial Services

Hedge funds have recently bought and sold shares of the stock. Greenhaven Road Investment Management L.P. raised its position in Kingsway Financial Services by 73.4% during the second quarter. Greenhaven Road Investment Management L.P. now owns 1,310,536 shares of the insurance provider’s stock worth $17,745,000 after acquiring an additional 554,891 shares during the last quarter. Mirabella Financial Services LLP increased its position in Kingsway Financial Services by 13.2% during the 3rd quarter. Mirabella Financial Services LLP now owns 2,189,905 shares of the insurance provider’s stock worth $32,016,000 after purchasing an additional 255,319 shares in the last quarter. Vanguard Group Inc. raised its stake in Kingsway Financial Services by 12.5% in the 3rd quarter. Vanguard Group Inc. now owns 948,838 shares of the insurance provider’s stock valued at $13,872,000 after purchasing an additional 105,080 shares during the last quarter. 1060 Capital LLC purchased a new position in Kingsway Financial Services in the 2nd quarter valued at about $1,021,000. Finally, Geode Capital Management LLC lifted its holdings in Kingsway Financial Services by 20.2% in the 2nd quarter. Geode Capital Management LLC now owns 426,836 shares of the insurance provider’s stock valued at $5,780,000 after purchasing an additional 71,720 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.