Kingsway Financial Services (NYSE:KFS) Director Sells $694,560.00 in Stock

Key Points

• Joseph Stilwell, a director at Kingsway Financial Services, sold 48,000 shares at an average price of $14.47 on September 17th, totaling approximately $694,560, which decreased his position by 9.50%.
• Kingsway Financial Services' stock is currently trading at $14.55, reflecting a 1.3% increase, with institutional investors holding 72.38% of the stock.
• Wall Street analysts upgraded Kingsway Financial Services from a "sell" rating to a "hold" rating on August 9th, indicating a more favorable outlook on the company.

Kingsway Financial Services, Inc. (NYSE:KFS - Get Free Report) TSE: KFS Director Joseph Stilwell sold 48,000 shares of the firm's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $14.47, for a total value of $694,560.00. Following the completion of the sale, the director directly owned 457,181 shares in the company, valued at approximately $6,615,409.07. The trade was a 9.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, September 16th, Joseph Stilwell sold 20,000 shares of Kingsway Financial Services stock. The shares were sold at an average price of $14.40, for a total value of $288,000.00.
• 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 value 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 value 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 value 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 value 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 value of $1,799,249.29.

Kingsway Financial Services Trading Down 0.4%

Shares of Kingsway Financial Services stock traded down $0.06 during trading on Monday, hitting $14.38. 67,407 shares of the stock traded hands, compared to its average volume of 74,927. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.54 and a quick ratio of 0.54. The firm's fifty day moving average is $14.17 and its 200-day moving average is $11.77. Kingsway Financial Services, Inc. has a 52 week low of $7.06 and a 52 week high of $16.80.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded 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

A number of large investors have recently made changes to their positions in the business. Osaic Holdings Inc. grew its position in shares of Kingsway Financial Services by 17.2% in the 2nd quarter. Osaic Holdings Inc. now owns 6,925 shares of the insurance provider's stock worth $94,000 after buying an additional 1,015 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Kingsway Financial Services by 220.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,809 shares of the insurance provider's stock worth $52,000 after buying an additional 2,622 shares during the last quarter. Bank of America Corp DE grew its position in shares of Kingsway Financial Services by 4.8% in the 2nd quarter. Bank of America Corp DE now owns 34,992 shares of the insurance provider's stock worth $474,000 after buying an additional 1,592 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Kingsway Financial Services by 27.4% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,924 shares of the insurance provider's stock worth $134,000 after buying an additional 2,132 shares during the last quarter. Finally, 1060 Capital LLC bought a new stake in shares of Kingsway Financial Services in the 2nd quarter worth approximately $1,021,000. 72.38% of the stock is currently owned by 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.