Insider Selling: Kingsway Financial Services, Inc. (NYSE:KFS) Director Sells 32,978 Shares of Stock

Kingsway Financial Services, Inc. (NYSE:KFS - Get Free Report) TSE: KFS Director Joseph Stilwell sold 32,978 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $13.90, for a total transaction of $458,394.20. Following the transaction, the director directly owned 481,817 shares in the company, valued at approximately $6,697,256.30. This represents a 6.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Joseph Stilwell also recently made the following trade(s):

• On Friday, June 27th, Joseph Stilwell sold 128,243 shares of Kingsway Financial Services stock. The stock was sold at an average price of $14.03, for a total value of $1,799,249.29.

Kingsway Financial Services Trading Up 3.9%

KFS traded up $0.53 on Tuesday, reaching $14.07. 70,991 shares of the company's stock were exchanged, compared to its average volume of 53,570. Kingsway Financial Services, Inc. has a twelve month low of $7.06 and a twelve month high of $14.38. The company's 50 day moving average is $11.46 and its 200-day moving average is $9.19. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.85.

Kingsway Financial Services (NYSE:KFS - Get Free Report) TSE: KFS last released its quarterly earnings data on Thursday, May 8th. The insurance provider reported ($0.13) earnings per share (EPS) for the quarter. Kingsway Financial Services had a negative return on equity of 37.05% and a negative net margin of 3.92%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Kingsway Financial Services from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in shares of Kingsway Financial Services by 50.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,937 shares of the insurance provider's stock worth $50,000 after buying an additional 1,980 shares during the period. Private Advisor Group LLC purchased a new position in Kingsway Financial Services in the 4th quarter worth approximately $102,000. Bank of America Corp DE boosted its holdings in Kingsway Financial Services by 36.5% in the 4th quarter. Bank of America Corp DE now owns 12,334 shares of the insurance provider's stock worth $103,000 after acquiring an additional 3,300 shares during the period. Townsquare Capital LLC acquired a new stake in Kingsway Financial Services in the fourth quarter valued at approximately $108,000. Finally, Virtu Financial LLC acquired a new position in shares of Kingsway Financial Services during the first quarter worth $132,000. 72.38% of the stock is owned by hedge funds and other institutional investors.

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.

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