Kingsway Financial Services (NYSE:KFS - Get Free Report) TSE: KFS's stock had its "sell (d-)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.
Separately, Wall Street Zen upgraded shares of Kingsway Financial Services from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Kingsway Financial Services has a consensus rating of "Sell".
View Our Latest Analysis on Kingsway Financial Services
Kingsway Financial Services Stock Performance
NYSE KFS opened at $15.09 on Wednesday. Kingsway Financial Services has a 1 year low of $7.06 and a 1 year high of $16.80. The business's fifty day moving average is $14.21 and its two-hundred day moving average is $12.34. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.72.
Kingsway Financial Services (NYSE:KFS - Get Free Report) TSE: KFS last posted its quarterly earnings data on Thursday, August 7th. The insurance provider reported ($0.13) earnings per share for the quarter. Kingsway Financial Services had a negative return on equity of 40.69% and a negative net margin of 4.46%.
Insider Transactions at Kingsway Financial Services
In related news, Director Joseph Stilwell sold 48,000 shares of the company's stock in a transaction on 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. This represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have acquired 1,385 shares of company stock valued at $20,000 and have sold 239,429 shares valued at $3,409,173. Corporate insiders own 53.83% of the company's stock.
Institutional Investors Weigh In On Kingsway Financial Services
A number of hedge funds have recently bought and sold shares of the company. Mirabella Financial Services LLP boosted its holdings in Kingsway Financial Services by 10.4% during the second quarter. Mirabella Financial Services LLP now owns 1,934,586 shares of the insurance provider's stock valued at $26,194,000 after acquiring an additional 182,496 shares during the period. Greenhaven Road Investment Management L.P. boosted its holdings in Kingsway Financial Services by 73.4% during the second quarter. Greenhaven Road Investment Management L.P. now owns 1,310,536 shares of the insurance provider's stock valued at $17,745,000 after acquiring an additional 554,891 shares during the period. Geode Capital Management LLC boosted its holdings in 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 acquiring an additional 71,720 shares during the period. Goldman Sachs Group Inc. boosted its holdings in 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 acquiring an additional 10,350 shares during the period. Finally, 1060 Capital LLC bought a new stake in Kingsway Financial Services during the second quarter valued at about $1,021,000. 72.38% of the stock is currently owned by institutional investors.
About Kingsway Financial Services
(
Get Free Report)
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.
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