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

Kingsway Financial Services, Inc. (NYSE:KFS) (TSE:KFS) Director Joseph Stilwell sold 35,000 shares of Kingsway Financial Services stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $12.82, for a total value of $448,700.00. Following the completion of the transaction, the director owned 666,904 shares in the company, valued at $8,549,709.28. This trade represents a 4.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 transaction of $256,000.00.
• 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 transaction 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 transaction of $288,000.00.

Kingsway Financial Services Trading Down 0.0%

NYSE:KFS opened at $12.65 on Thursday. The stock has a market capitalization of $366.20 million, a price-to-earnings ratio of -35.13 and a beta of 0.32. Kingsway Financial Services, Inc. has a 52 week low of $7.06 and a 52 week high of $16.80. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average of $13.82 and a 200 day moving average of $13.98.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last released its quarterly 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%.

Institutional Trading of Kingsway Financial Services

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in shares of Kingsway Financial Services by 36.5% in the 4th quarter. Bank of America Corp DE now owns 12,334 shares of the insurance provider’s stock valued at $103,000 after acquiring an additional 3,300 shares during the last quarter. Virtu Financial LLC purchased a new stake in Kingsway Financial Services in the first quarter valued at $132,000. Nuveen LLC acquired a new position in Kingsway Financial Services in the first quarter valued at approximately $139,000. Goldman Sachs Group Inc. boosted its stake in shares of Kingsway Financial Services by 11.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 102,386 shares of the insurance provider’s stock worth $811,000 after acquiring an additional 10,350 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Kingsway Financial Services during the first quarter worth approximately $149,000. 72.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

About Kingsway Financial Services

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.