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Kingsway Financial Services, Inc. (NYSE:KFS – Get Free Report) (TSE:KFS) Director Joseph Stilwell sold 75,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $14.18, for a total value of $1,063,500.00. Following the sale, the director owned 466,893 shares in the company, valued at approximately $6,620,542.74. This trade represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Joseph Stilwell also recently made the following trade(s):
- On Monday, August 18th, Joseph Stilwell sold 71,429 shares of Kingsway Financial Services stock. The stock was sold at an average price of $14.04, for a total value of $1,002,863.16.
- On Monday, June 30th, Joseph Stilwell sold 32,978 shares of Kingsway Financial Services stock. The stock was sold at an average price of $13.90, for a total value of $458,394.20.
- On Friday, June 27th, Joseph Stilwell sold 128,243 shares of Kingsway Financial Services stock. The stock was sold at an average price of $14.03, for a total value of $1,799,249.29.
Kingsway Financial Services Trading Up 0.4%
NYSE:KFS opened at $14.07 on Wednesday. The stock’s fifty day moving average price is $14.24 and its two-hundred day moving average price is $10.93. 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 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.72.
Kingsway Financial Services (NYSE:KFS – Get Free Report) (TSE:KFS) last posted its quarterly earnings data on Thursday, August 7th. The insurance provider reported ($0.13) earnings per share (EPS) for the quarter. Kingsway Financial Services had a negative return on equity of 40.69% and a negative net margin of 4.46%.
Analyst Ratings Changes
Separately, Wall Street Zen raised Kingsway Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, August 9th.
Get Our Latest Analysis on KFS
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Legal & General Group Plc lifted its stake in shares of Kingsway Financial Services by 66.2% in the 2nd quarter. Legal & General Group Plc now owns 2,009 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 800 shares during the period. Ameritas Investment Partners Inc. increased 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 purchasing an additional 972 shares in the last quarter. Private Advisor Group LLC increased its holdings in Kingsway Financial Services by 9.5% during the 1st quarter. Private Advisor Group LLC now owns 13,362 shares of the insurance provider’s stock worth $106,000 after purchasing an additional 1,154 shares in the last quarter. Bank of America Corp DE increased its holdings in Kingsway Financial Services by 4.8% during the 2nd quarter. Bank of America Corp DE now owns 34,992 shares of the insurance provider’s stock worth $474,000 after purchasing an additional 1,592 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Kingsway Financial Services by 10.2% in the 4th quarter. Barclays PLC now owns 20,126 shares of the insurance provider’s stock valued at $169,000 after acquiring an additional 1,857 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.
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