Kingsway Financial Services (NYSE:KFS) Director Sells $288,000.00 in Stock

Key Points

• Joseph Stilwell, a director at Kingsway Financial Services, sold 20,000 shares of the company's stock on September 16th for a total of $288,000, reducing his ownership by 4.15%.
• In addition to the recent sale, Stilwell had multiple transactions recently totaling over $2.4 million in stock sales, which raises concerns about insider selling activities.
• Kingsway Financial's stock price has been volatile, with a 1-year low of $7.06 and a high of $16.80, and its current share price is $14.55.

Kingsway Financial Services, Inc. (NYSE:KFS - Get Free Report) TSE: KFS Director Joseph Stilwell sold 20,000 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $14.40, for a total transaction of $288,000.00. Following the completion of the transaction, the director directly owned 462,236 shares of the company's stock, valued at approximately $6,656,198.40. The trade was a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction of $694,560.00.
• On Monday, September 8th, Joseph Stilwell sold 25,000 shares of Kingsway Financial Services stock. The shares were sold at an average price of $14.41, for a total transaction of $360,250.00.
• On Friday, August 22nd, Joseph Stilwell sold 75,000 shares of Kingsway Financial Services stock. The shares were sold at an average price of $14.18, for a total transaction of $1,063,500.00.
• On Monday, August 18th, Joseph Stilwell sold 71,429 shares of Kingsway Financial Services stock. The shares were sold at an average price of $14.04, for a total transaction of $1,002,863.16.
• On Monday, June 30th, Joseph Stilwell sold 32,978 shares of Kingsway Financial Services stock. The shares were sold at an average price of $13.90, for a total transaction of $458,394.20.
• On Friday, June 27th, Joseph Stilwell sold 128,243 shares of Kingsway Financial Services stock. The shares were sold at an average price of $14.03, for a total transaction of $1,799,249.29.

Kingsway Financial Services Stock Performance

Shares of NYSE KFS traded down $0.06 on Monday, reaching $14.38. 67,407 shares of the company's stock traded hands, compared to its average volume of 74,927. Kingsway Financial Services, Inc. has a 12 month low of $7.06 and a 12 month high of $16.80. The business's 50 day simple moving average is $14.17 and its two-hundred day simple moving average is $11.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.54 and a quick ratio of 0.54.

Kingsway Financial Services (NYSE:KFS - Get Free Report) TSE: KFS last announced its earnings results on Thursday, August 7th. The insurance provider reported ($0.13) earnings per share for the quarter. Kingsway Financial Services had a negative net margin of 4.46% and a negative return on equity of 40.69%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Kingsway Financial Services from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th.

Institutional Investors Weigh In On Kingsway Financial Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in KFS. Citadel Advisors LLC purchased a new position in shares of Kingsway Financial Services during the 4th quarter worth $144,000. Greenhaven Road Investment Management L.P. boosted its stake in shares of Kingsway Financial Services by 47.9% during the 1st quarter. Greenhaven Road Investment Management L.P. now owns 755,645 shares of the insurance provider's stock worth $5,985,000 after acquiring an additional 244,585 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Kingsway Financial Services by 9.5% during the 1st quarter. Private Advisor Group LLC now owns 13,362 shares of the insurance provider's stock worth $106,000 after acquiring an additional 1,154 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Kingsway Financial Services by 9.8% during the 4th quarter. Northern Trust Corp now owns 141,751 shares of the insurance provider's stock worth $1,186,000 after acquiring an additional 12,691 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Kingsway Financial Services during the 1st quarter worth $139,000. Hedge funds and other institutional investors own 72.38% of the company's stock.

About Kingsway Financial Services

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.