Key Points
- Director Joseph Stilwell sold 34,269 shares on December 15 at an average of $12.80 (proceeds $438,643), and between December 8–16 sold a total of 167,198 shares for about $2.14 million, reducing his stake (after the Dec. 15 sale) to 545,135 shares (a 5.91% ownership decrease).
- Shares traded down about 1.8% to $12.48 on light volume; the company reported negative EPS and profitability (net margin -8.55%, ROE -76.94%), a market cap of ~$361M, and a one‑year range of $7.06–$16.80.
- Institutional investors hold roughly 72.38% of the stock while analyst coverage is unfavorable (average rating: "Sell", including a Weiss Ratings "sell (d-)").
Kingsway Financial Services, Inc. (NYSE:KFS - Get Free Report) (TSE:KFS) Director Joseph Stilwell sold 10,429 shares of Kingsway Financial Services stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $12.80, for a total transaction of $133,491.20. Following the completion of the sale, the director owned 534,706 shares of the company's stock, valued at $6,844,236.80. This trade represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Joseph Stilwell also recently made the following trade(s):
- On Monday, December 15th, Joseph Stilwell sold 34,269 shares of Kingsway Financial Services stock. The shares were sold at an average price of $12.80, for a total transaction of $438,643.20.
- On Thursday, December 11th, Joseph Stilwell sold 67,500 shares of Kingsway Financial Services stock. The stock was sold at an average price of $12.80, for a total transaction of $864,000.00.
- 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 Monday, December 8th, Joseph Stilwell sold 35,000 shares of Kingsway Financial Services stock. The shares were sold at an average price of $12.82, for a total value of $448,700.00.
Kingsway Financial Services Stock Performance
KFS traded up $0.18 on Thursday, reaching $12.48. 1,161 shares of the stock were exchanged, compared to its average volume of 63,538. 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 company's 50-day moving average price is $13.61 and its 200 day moving average price is $13.98. The firm has a market capitalization of $361.23 million, a PE ratio of -34.65 and a beta of 0.32. Kingsway Financial Services, Inc. has a fifty-two week low of $7.06 and a fifty-two week high of $16.80.
Kingsway Financial Services (NYSE:KFS - Get Free Report) (TSE:KFS) last announced 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%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of KFS. Mirabella Financial Services LLP boosted its position in Kingsway Financial Services by 13.2% in the 3rd quarter. Mirabella Financial Services LLP now owns 2,189,905 shares of the insurance provider's stock worth $32,016,000 after purchasing an additional 255,319 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Kingsway Financial Services by 17.2% in the 3rd quarter. Alliancebernstein L.P. now owns 14,960 shares of the insurance provider's stock valued at $219,000 after purchasing an additional 2,200 shares during the period. BNP Paribas Financial Markets boosted its holdings in Kingsway Financial Services by 143.7% during the third quarter. BNP Paribas Financial Markets now owns 4,141 shares of the insurance provider's stock worth $61,000 after buying an additional 2,442 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Kingsway Financial Services by 170.2% during the third quarter. Russell Investments Group Ltd. now owns 9,093 shares of the insurance provider's stock worth $133,000 after buying an additional 5,728 shares in the last quarter. Finally, Vanguard Group Inc. grew its position 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 valued at $13,872,000 after buying an additional 105,080 shares during the period. 72.38% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Kingsway Financial Services in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of "Sell".
Read Our Latest Research Report on Kingsway Financial Services
About Kingsway Financial Services
(
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.
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