Insider Selling: Kingsway Financial Services (NYSE:KWY) CEO Sells 5,000 Shares of Stock

Kingsway Financial Services Inc (NYSE:KWY) CEO John Taylor Maloney Fitzgerald sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $10.30, for a total transaction of $51,500.00. Following the sale, the chief executive officer directly owned 29,100 shares of the company’s stock, valued at $299,730. The trade was a 14.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

John Taylor Maloney Fitzgerald also recently made the following trade(s):

• On Thursday, April 30th, John Taylor Maloney Fitzgerald bought 229 shares of Kingsway Financial Services stock. The shares were acquired at an average cost of $10.93 per share, with a total value of $2,502.97.
• On Wednesday, April 15th, John Taylor Maloney Fitzgerald bought 211 shares of Kingsway Financial Services stock. The shares were acquired at an average cost of $11.85 per share, with a total value of $2,500.35.
• On Friday, March 13th, John Taylor Maloney Fitzgerald bought 234 shares of Kingsway Financial Services stock. The shares were acquired at an average cost of $10.71 per share, with a total value of $2,506.14.
• On Friday, February 27th, John Taylor Maloney Fitzgerald bought 202 shares of Kingsway Financial Services stock. The shares were acquired at an average cost of $12.34 per share, with a total value of $2,492.68.

Kingsway Financial Services Stock Up 0.1%

Shares of Kingsway Financial Services stock traded up $0.01 during trading hours on Thursday, reaching $10.25. 64,871 shares of the company’s stock were exchanged, compared to its average volume of 81,818. Kingsway Financial Services Inc has a 1 year low of $9.84 and a 1 year high of $16.80.

Kingsway Financial Services (NYSE:KWY) last released its earnings results on Thursday, May 7th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $38.96 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Kingsway Financial Services from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Mirabella Financial Services LLP lifted its position in Kingsway Financial Services by 13.2% in the third quarter. Mirabella Financial Services LLP now owns 2,189,905 shares of the company’s stock valued at $32,016,000 after buying an additional 255,319 shares during the last quarter. Greenhaven Road Investment Management L.P. lifted its position in Kingsway Financial Services by 43.8% in the fourth quarter. Greenhaven Road Investment Management L.P. now owns 1,884,529 shares of the company’s stock valued at $25,347,000 after buying an additional 573,993 shares during the last quarter. Capricorn Fund Managers Ltd acquired a new position in Kingsway Financial Services in the first quarter valued at about $18,616,000. Vanguard Group Inc. lifted its position in shares of Kingsway Financial Services by 12.5% during the third quarter. Vanguard Group Inc. now owns 948,838 shares of the company’s stock worth $13,872,000 after purchasing an additional 105,080 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Kingsway Financial Services by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 470,407 shares of the company’s stock worth $6,329,000 after purchasing an additional 10,143 shares in the last quarter.

Kingsway Financial Services Company Profile

Kingsway Financial Services Inc is a holding company that operates through a group of subsidiaries focused on extended warranty and specialty insurance-related services. The company’s businesses primarily provide administration, underwriting, and related support services for protection products offered through automotive, consumer, and other markets.

Kingsway has historically operated in the insurance and service contract space, with activities centered on helping businesses and consumers manage risk and protection coverage needs.