Kingsway Financial Services Inc. (NYSE:KFS - Get Free Report) TSE: KFS shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.60 and traded as high as $13.33. Kingsway Financial Services shares last traded at $13.12, with a volume of 36,932 shares trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded shares of Kingsway Financial Services from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st.
Read Our Latest Research Report on KFS
Kingsway Financial Services Stock Up 1.8%
The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.20. The company has a fifty day moving average of $9.58 and a 200-day moving average of $8.62.
Kingsway Financial Services (NYSE:KFS - Get Free Report) TSE: KFS last announced its quarterly earnings results on Thursday, May 8th. The insurance provider reported ($0.13) EPS for the quarter. Kingsway Financial Services had a negative net margin of 3.63% and a negative return on equity of 7.83%.
Insider Transactions at Kingsway Financial Services
In related news, Director Joseph Stilwell sold 1,000,000 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $8.00, for a total value of $8,000,000.00. Following the completion of the sale, the director now directly owns 498,937 shares in the company, valued at approximately $3,991,496. The trade was a 66.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 53.83% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Kingsway Financial Services
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mirabella Financial Services LLP bought a new stake in shares of Kingsway Financial Services during the 4th quarter worth $13,392,000. Greenhaven Road Investment Management L.P. lifted its position in Kingsway Financial Services by 47.9% during the 1st quarter. Greenhaven Road Investment Management L.P. now owns 755,645 shares of the insurance provider's stock worth $5,985,000 after acquiring an additional 244,585 shares during the last quarter. Bridgeway Capital Management LLC acquired a new stake in shares of Kingsway Financial Services in the fourth quarter valued at about $410,000. Jane Street Group LLC acquired a new stake in shares of Kingsway Financial Services in the first quarter valued at about $149,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Kingsway Financial Services by 63.4% in the fourth quarter. JPMorgan Chase & Co. now owns 46,627 shares of the insurance provider's stock worth $390,000 after purchasing an additional 18,095 shares during the period. Institutional investors and hedge funds own 72.38% of the company's stock.
Kingsway Financial Services Company Profile
(
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.
Featured Stories
Before you consider Kingsway Financial Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kingsway Financial Services wasn't on the list.
While Kingsway Financial Services currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
