Insider Selling: Kingsway Financial Services (NYSE:KFS) Director Sells 25,000 Shares of Stock

Key Points

• Director Joseph Stilwell of Kingsway Financial Services sold 25,000 shares at an average price of $14.41, totaling $360,250, reducing his ownership by 5.11%.
• The company reported a negative earnings per share of ($0.13) in its latest quarterly results, alongside a negative net margin of 4.46%.
• Analysts at Wall Street Zen upgraded Kingsway Financial Services from a "sell" rating to a "hold" rating as of August 9th.

Kingsway Financial Services, Inc. (NYSE:KFS - Get Free Report) TSE: KFS Director Joseph Stilwell sold 25,000 shares of Kingsway Financial Services stock in a transaction on Monday, September 8th. The stock was sold at an average price of $14.41, for a total transaction of $360,250.00. Following the completion of the sale, the director owned 464,342 shares of the company's stock, valued at approximately $6,691,168.22. This trade represents a 5.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, August 22nd, Joseph Stilwell sold 75,000 shares of Kingsway Financial Services stock. The stock was 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 stock was 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 stock was 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 stock was 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 during midday trading on Monday, reaching $14.29. The company had a trading volume of 37,596 shares, compared to its average volume of 68,762. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.72. The stock's fifty day moving average price is $14.20 and its 200-day moving average price is $11.58. Kingsway Financial Services, Inc. has a one year low of $7.06 and a one year high of $16.80.

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

Institutional Trading of Kingsway Financial Services

Several institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its holdings in shares of Kingsway Financial Services by 66.2% during the second quarter. Legal & General Group Plc now owns 2,009 shares of the insurance provider's stock valued at $27,000 after acquiring an additional 800 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of Kingsway Financial Services by 110.6% during the second quarter. Ameritas Investment Partners Inc. now owns 1,851 shares of the insurance provider's stock valued at $25,000 after acquiring an additional 972 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Kingsway Financial Services by 17.2% during the second quarter. Osaic Holdings Inc. now owns 6,925 shares of the insurance provider's stock valued at $94,000 after acquiring an additional 1,015 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Kingsway Financial Services by 9.5% during the first quarter. Private Advisor Group LLC now owns 13,362 shares of the insurance provider's stock valued at $106,000 after acquiring an additional 1,154 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Kingsway Financial Services by 4.8% during the second quarter. Bank of America Corp DE now owns 34,992 shares of the insurance provider's stock valued at $474,000 after acquiring an additional 1,592 shares during the period. Institutional investors own 72.38% of the company's stock.

Wall Street Analyst Weigh In

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

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.