Key Points
- Kingsway Financial Services CEO John Taylor Maloney Fitzgerald sold 5,000 shares on May 21 at an average price of $10.13, totaling $50,650. After the sale, he held 29,100 shares, a 14.66% reduction in his position.
- The CEO also sold another 5,000 shares on May 19, while recent insider activity earlier in the year included several small share purchases in February, March, April, and late April.
- The stock has been under pressure, opening at $10.06 versus a 52-week range of $9.84 to $16.80, and analysts currently have a Sell consensus rating following a recent downgrade by Weiss Ratings.
Kingsway Financial Services Inc (NYSE:KWY - Get Free Report) CEO John Taylor Maloney Fitzgerald sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $10.13, for a total value of $50,650.00. Following the completion of the sale, the chief executive officer owned 29,100 shares in the company, valued at $294,783. This represents a 14.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
John Taylor Maloney Fitzgerald also recently made the following trade(s):
- On Tuesday, May 19th, John Taylor Maloney Fitzgerald sold 5,000 shares of Kingsway Financial Services stock. The shares were sold at an average price of $10.30, for a total value of $51,500.00.
- On Thursday, April 30th, John Taylor Maloney Fitzgerald acquired 229 shares of Kingsway Financial Services stock. The stock was acquired at an average price of $10.93 per share, for a total transaction of $2,502.97.
- On Wednesday, April 15th, John Taylor Maloney Fitzgerald acquired 211 shares of Kingsway Financial Services stock. The stock was acquired at an average price of $11.85 per share, for a total transaction of $2,500.35.
- On Friday, March 13th, John Taylor Maloney Fitzgerald acquired 234 shares of Kingsway Financial Services stock. The stock was acquired at an average price of $10.71 per share, for a total transaction of $2,506.14.
- On Friday, February 27th, John Taylor Maloney Fitzgerald acquired 202 shares of Kingsway Financial Services stock. The stock was acquired at an average price of $12.34 per share, for a total transaction of $2,492.68.
Kingsway Financial Services Price Performance
NYSE:KWY opened at $10.06 on Friday. Kingsway Financial Services Inc has a 12-month low of $9.84 and a 12-month high of $16.80. The stock's 50 day moving average price is $10.96 and its two-hundred day moving average price is $12.88. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.56. The firm has a market capitalization of $291.24 million, a price-to-earnings ratio of -25.15 and a beta of 0.27.
Kingsway Financial Services (NYSE:KWY - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($0.10) EPS for the quarter. Kingsway Financial Services had a negative net margin of 8.83% and a negative return on equity of 72.50%. The firm had revenue of $38.96 million during the quarter.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded Kingsway Financial Services from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Kingsway Financial Services currently has a consensus rating of "Sell".
Check Out Our Latest Report on KWY
Hedge Funds Weigh In On Kingsway Financial Services
Institutional investors and hedge funds have recently made changes to their positions in the company. Mirabella Financial Services LLP grew its position in Kingsway Financial Services by 13.2% during the third quarter. Mirabella Financial Services LLP now owns 2,189,905 shares of the company's stock worth $32,016,000 after buying an additional 255,319 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in Kingsway Financial Services during the third quarter worth approximately $277,000. Bank of America Corp DE grew its position in Kingsway Financial Services by 36.5% during the fourth quarter. Bank of America Corp DE now owns 12,334 shares of the company's stock worth $103,000 after buying an additional 3,300 shares in the last quarter. Osaic Holdings Inc. grew its position in Kingsway Financial Services by 17.2% during the second quarter. Osaic Holdings Inc. now owns 6,925 shares of the company's stock worth $94,000 after buying an additional 1,015 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Kingsway Financial Services by 143.7% during the third quarter. BNP Paribas Financial Markets now owns 4,141 shares of the company's stock worth $61,000 after buying an additional 2,442 shares in the last quarter. Institutional investors and hedge funds own 72.38% of the company's stock.
Kingsway Financial Services Company Profile
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Get Free Report)
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.
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