Key Points
- Joseph Stilwell sold 20,000 shares on Dec. 9 at $12.80 for $256,000 and has sold additional blocks on Dec. 8 and in September—about $1.69 million of stock in total—leaving him with 646,904 shares (a 3.0% ownership decline).
- Kingsway reported weak results (Q3 EPS -$0.10, ROE -76.94%), trades around $12.65 (below its 50- and 200-day averages), and carries an average analyst rating of Sell (Weiss reaffirmed a "sell (d-)").
Kingsway Financial Services, Inc. (NYSE:KFS - Get Free Report) (TSE:KFS) Director Joseph Stilwell sold 20,000 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $12.80, for a total transaction of $256,000.00. Following the completion of the sale, the director owned 646,904 shares in the company, valued at $8,280,371.20. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Joseph Stilwell also recently made the following trade(s):
- 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 transaction of $448,700.00.
- On Wednesday, September 17th, Joseph Stilwell sold 48,000 shares of Kingsway Financial Services stock. The stock was sold at an average price of $14.47, for a total value 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 value of $288,000.00.
Kingsway Financial Services Trading Down 0.0%
NYSE:KFS opened at $12.65 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.39 and a quick ratio of 0.39. The business's 50-day simple moving average is $13.82 and its 200-day simple moving average is $13.98. Kingsway Financial Services, Inc. has a fifty-two week low of $7.06 and a fifty-two week high of $16.80. The stock has a market capitalization of $366.20 million, a PE ratio of -35.13 and a beta of 0.32.
Kingsway Financial Services (NYSE:KFS - Get Free Report) (TSE:KFS) last issued its quarterly earnings data 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%.
Analyst Ratings Changes
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Kingsway Financial Services in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Kingsway Financial Services currently has an average rating of "Sell".
Get Our Latest Stock Analysis on Kingsway Financial Services
Institutional Investors Weigh In On Kingsway Financial Services
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mirabella Financial Services LLP lifted 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 buying an additional 255,319 shares in the last quarter. Greenhaven Road Investment Management L.P. increased its position in shares of Kingsway Financial Services by 73.4% in the second quarter. Greenhaven Road Investment Management L.P. now owns 1,310,536 shares of the insurance provider's stock valued at $17,745,000 after acquiring an additional 554,891 shares during the last quarter. Vanguard Group Inc. raised its holdings in Kingsway Financial Services by 12.5% during the third quarter. Vanguard Group Inc. now owns 948,838 shares of the insurance provider's stock worth $13,872,000 after acquiring an additional 105,080 shares in the last quarter. Geode Capital Management LLC boosted its position in Kingsway Financial Services by 20.2% during the second 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 during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Kingsway Financial Services by 11.2% in the first quarter. Goldman Sachs Group Inc. now owns 102,386 shares of the insurance provider's stock valued at $811,000 after purchasing an additional 10,350 shares in the last quarter. 72.38% of the stock is currently owned by institutional investors and hedge funds.
Kingsway Financial Services Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
