Stilwell Value LLC Reduces Stake in Kingsway Financial Services Inc. (NYSE:KFS)

Stilwell Value LLC decreased its position in shares of Kingsway Financial Services Inc. (NYSE:KFS - Free Report) TSE: KFS by 8.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,700,527 shares of the insurance provider's stock after selling 625,000 shares during the quarter. Kingsway Financial Services makes up approximately 42.7% of Stilwell Value LLC's holdings, making the stock its largest holding. Stilwell Value LLC owned about 24.30% of Kingsway Financial Services worth $56,083,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Mirabella Financial Services LLP acquired a new stake in shares of Kingsway Financial Services during the 4th quarter worth approximately $13,392,000. Dimensional Fund Advisors LP raised its position in shares of Kingsway Financial Services by 14.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 89,411 shares of the insurance provider's stock valued at $748,000 after acquiring an additional 11,315 shares during the last quarter. Greenhaven Road Investment Management L.P. lifted its stake in shares of Kingsway Financial Services by 0.3% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 511,060 shares of the insurance provider's stock valued at $4,278,000 after purchasing an additional 1,769 shares during the period. Barclays PLC boosted its position in shares of Kingsway Financial Services by 10.2% in the 4th quarter. Barclays PLC now owns 20,126 shares of the insurance provider's stock worth $169,000 after purchasing an additional 1,857 shares during the last quarter. Finally, Townsquare Capital LLC acquired a new stake in shares of Kingsway Financial Services during the fourth quarter worth $108,000. 72.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Kingsway Financial Services from a "sell" rating to a "hold" rating in a research note on Thursday, March 20th.

Insider Activity at Kingsway Financial Services

In related news, Director Joseph Stilwell sold 1,000,000 shares of the business's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $8.00, for a total value of $8,000,000.00. Following the sale, the director now directly owns 498,937 shares of the company's stock, valued at approximately $3,991,496. The trade was a 66.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 945 shares of company stock worth $7,499 in the last quarter. Corporate insiders own 54.75% of the company's stock.

Kingsway Financial Services Stock Performance

NYSE KFS traded down $0.18 during trading on Friday, reaching $8.27. 24,827 shares of the stock traded hands, compared to its average volume of 54,174. Kingsway Financial Services Inc. has a fifty-two week low of $7.06 and a fifty-two week high of $9.58. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.20. The stock's 50-day moving average price is $7.83 and its 200 day moving average price is $8.29.

About Kingsway Financial Services

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.