Kingsway Financial Services (NYSE:KFS) Lowered to Sell Rating by StockNews.com

Kingsway Financial Services (NYSE:KFS - Get Free Report) TSE: KFS was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Monday.

Kingsway Financial Services Price Performance

Kingsway Financial Services stock traded down $0.13 during midday trading on Monday, reaching $10.33. 116,585 shares of the stock were exchanged, compared to its average volume of 54,430. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.41 and a current ratio of 0.41. Kingsway Financial Services has a 52 week low of $7.06 and a 52 week high of $10.81. The company's fifty day moving average is $8.19 and its 200-day moving average is $8.29.

Kingsway Financial Services (NYSE:KFS - Get Free Report) TSE: KFS last released its quarterly earnings results on Thursday, May 8th. The insurance provider reported ($0.13) EPS for the quarter. Kingsway Financial Services had a negative return on equity of 7.83% and a negative net margin of 3.63%.

Insider Buying and Selling

In other news, Director Joseph Stilwell sold 1,000,000 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $8.00, for a total transaction of $8,000,000.00. Following the completion of the sale, the director now owns 498,937 shares of the company's stock, valued at approximately $3,991,496. This represents a 66.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 53.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kingsway Financial Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of Kingsway Financial Services by 325.5% in the third quarter. Barclays PLC now owns 18,269 shares of the insurance provider's stock valued at $150,000 after acquiring an additional 13,975 shares during the period. JPMorgan Chase & Co. increased its holdings in Kingsway Financial Services by 368.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider's stock valued at $236,000 after purchasing an additional 22,438 shares during the period. Private Advisor Group LLC purchased a new position in Kingsway Financial Services during the 4th quarter valued at about $102,000. Bard Associates Inc. raised its position in Kingsway Financial Services by 2.8% during the 4th quarter. Bard Associates Inc. now owns 296,059 shares of the insurance provider's stock valued at $2,478,000 after purchasing an additional 7,946 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Kingsway Financial Services by 50.0% in the 4th 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. 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.