Joseph Stilwell Sells 34,269 Shares of Kingsway Financial Services (NYSE:KFS) Stock

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

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 transaction of $133,491.20.
• On Thursday, December 11th, Joseph Stilwell sold 67,500 shares of Kingsway Financial Services stock. The shares were 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 stock was sold at an average price of $12.82, for a total value of $448,700.00.

Kingsway Financial Services Stock Up 3.2%

Shares of NYSE:KFS opened at $12.69 on Friday. 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 company has a market capitalization of $367.50 million, a P/E ratio of -35.25 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 stock’s fifty day simple moving average is $13.57 and its 200-day simple moving average is $13.97.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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.com, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Kingsway Financial Services

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. raised its stake in Kingsway Financial Services by 110.6% during the second 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 during the period. Nisa Investment Advisors LLC acquired a new stake in shares of Kingsway Financial Services during the 2nd quarter worth $26,000. Legal & General Group Plc raised its position 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 worth $27,000 after buying an additional 800 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new position in Kingsway Financial Services in the second quarter valued at $42,000. Finally, Tower Research Capital LLC TRC grew its position in Kingsway Financial Services by 220.9% during the second quarter. Tower Research Capital LLC TRC now owns 3,809 shares of the insurance provider’s stock valued at $52,000 after acquiring an additional 2,622 shares during the period. 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.