Joseph Stilwell Sells 48,000 Shares of Kingsway Financial Services (NYSE:KFS) 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 transaction of $694,560.00. Following the transaction, the director owned 457,181 shares of the company's stock, valued at $6,615,409.07. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 stock was sold at an average price of $14.40, for a total transaction of $288,000.00.
• On Monday, September 8th, Joseph Stilwell sold 25,000 shares of Kingsway Financial Services stock. The stock was 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 stock was 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 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 value of $1,799,249.29.

Kingsway Financial Services Price Performance

Kingsway Financial Services stock traded down $0.06 during midday trading on Friday, hitting $14.47. 423,590 shares of the company were exchanged, compared to its average volume of 63,527. The company's fifty day moving average price is $14.17 and its 200-day moving average price is $11.71. Kingsway Financial Services, Inc. has a fifty-two week low of $7.06 and a fifty-two week high of $16.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.54 and a current ratio of 0.54.

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

Analysts Set New Price Targets

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.

Institutional Trading of Kingsway Financial Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mirabella Financial Services LLP lifted its holdings in shares of Kingsway Financial Services by 10.4% in the 2nd quarter. Mirabella Financial Services LLP now owns 1,934,586 shares of the insurance provider's stock worth $26,194,000 after purchasing an additional 182,496 shares during the last quarter. Greenhaven Road Investment Management L.P. grew its position in Kingsway Financial Services by 73.4% in the 2nd quarter. Greenhaven Road Investment Management L.P. now owns 1,310,536 shares of the insurance provider's stock worth $17,745,000 after purchasing an additional 554,891 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Kingsway Financial Services by 20.2% during the second quarter. Geode Capital Management LLC now owns 426,836 shares of the insurance provider's stock valued at $5,780,000 after buying an additional 71,720 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Kingsway Financial Services by 9.8% during the fourth quarter. Northern Trust Corp now owns 141,751 shares of the insurance provider's stock valued at $1,186,000 after buying an additional 12,691 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Kingsway Financial Services by 11.2% during the first quarter. Goldman Sachs Group Inc. now owns 102,386 shares of the insurance provider's stock valued at $811,000 after purchasing an additional 10,350 shares during the period. 72.38% of the stock is currently owned by institutional investors and hedge funds.

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.