Kingsway Financial Services (NYSE:KFS) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Kingsway Financial Services shares have recently crossed above its 200-day moving average, trading at $14.01 after reaching a high of $14.17.
• Wall Street analysts upgraded Kingsway from a sell rating to a hold rating on August 9th.
• Insider activity was highlighted, with Director Joseph Stilwell selling over 128,000 shares and insiders collectively selling more stock than they bought in the last quarter.

Kingsway Financial Services, Inc. (NYSE:KFS - Get Free Report) TSE: KFS shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.91 and traded as high as $14.17. Kingsway Financial Services shares last traded at $14.01, with a volume of 49,469 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Kingsway Financial Services from a "sell" rating to a "hold" rating in a report on Saturday, August 9th.

Kingsway Financial Services Stock Down 0.8%

The company's 50 day moving average price is $14.26 and its two-hundred day moving average price is $11.09. 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 posted its quarterly 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 Transactions at Kingsway Financial Services

In related news, Director Joseph Stilwell sold 128,243 shares of Kingsway Financial Services stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $14.03, for a total transaction of $1,799,249.29. Following the transaction, the director directly owned 487,713 shares of the company's stock, valued at $6,842,613.39. This trade represents a 20.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders have purchased 873 shares of company stock worth $12,495 and have sold 307,650 shares worth $4,324,007. 54.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kingsway Financial Services

Several institutional investors have recently bought and sold shares of the business. Mirabella Financial Services LLP increased 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 buying an additional 182,496 shares during the period. Greenhaven Road Investment Management L.P. increased 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 buying an additional 554,891 shares during the period. Geode Capital Management LLC increased 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 buying an additional 71,720 shares during the period. Northern Trust Corp increased its holdings in 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 period. Finally, Goldman Sachs Group Inc. increased 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 buying an additional 10,350 shares during the period. 72.38% of the stock is owned by hedge funds and other 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.