Kingsway Financial Services (NYSE:KFS) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Kingsway Financial Services' stock price has surpassed its 200-day moving average, trading at $14.03, up from a moving average of $11.16.
• Analysts have upgraded the stock rating from "sell" to "hold" as of August 9th, indicating a shift in market sentiment.
• Insider trading activity has shown significant selling, with Director Joseph Stilwell selling 128,243 shares recently, representing a 20.82% decrease in his ownership.

Kingsway Financial Services, Inc. (NYSE:KFS - Get Free Report) TSE: KFS crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.16 and traded as high as $14.50. Kingsway Financial Services shares last traded at $14.03, with a volume of 104,498 shares.

Analyst Ratings Changes

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

Kingsway Financial Services Stock Performance

The stock has a fifty day simple moving average of $14.30 and a two-hundred day simple moving average of $11.22. 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 issued its earnings results on Thursday, August 7th. The insurance provider reported ($0.13) earnings per share for the quarter. Kingsway Financial Services had a negative net margin of 4.46% and a negative return on equity of 40.69%.

Insider Buying and Selling at Kingsway Financial Services

In other Kingsway Financial Services news, Director Joseph Stilwell sold 75,000 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $14.18, for a total value of $1,063,500.00. Following the sale, the director owned 466,893 shares of the company's stock, valued at approximately $6,620,542.74. This trade represents a 13.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders acquired 1,219 shares of company stock valued at $17,509 and sold 307,650 shares valued at $4,324,007. Corporate insiders own 53.83% of the company's stock.

Institutional Investors Weigh In On Kingsway Financial Services

Hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. boosted its holdings in shares of Kingsway Financial Services by 110.6% during the 2nd 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 in the last quarter. Nisa Investment Advisors LLC bought a new stake in Kingsway Financial Services in the 2nd quarter valued at about $26,000. Legal & General Group Plc increased its position in Kingsway Financial Services by 66.2% in the 2nd quarter. Legal & General Group Plc now owns 2,009 shares of the insurance provider's stock valued at $27,000 after buying an additional 800 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in Kingsway Financial Services during the 2nd quarter valued at about $42,000. Finally, Tower Research Capital LLC TRC boosted its stake in Kingsway Financial Services by 220.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,809 shares of the insurance provider's stock valued at $52,000 after purchasing an additional 2,622 shares during the last quarter. Institutional investors and hedge funds own 72.38% of the company's stock.

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.