Kingsway Financial Services - KFS Stock Forecast, Price & News

Kingsway Financial Services Inc., through its subsidiaries, engages in the extended warranty business services, asset management, and real estate businesses. The company operates through three segments: Extended Warranty, Leased Real Estate, 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. This segment also sells new home warranty products, as well as offers uninsured warrant administration services to homebuilders and homeowners; markets and distributes warranty products to manufacturers, distributors, and installers of heating, ventilation and air conditioning, standby generator, commercial LED lighting, and commercial refrigeration equipment; and provides equipment breakdown and maintenance support services to companies. The Leased Real Estate segment owns a parcel of real property consisting of approximately 192 acres located in the State of Texas. The Kingsway Search Xcelerator offers outsourced finance and human resources consulting services, including operational accounting, such as bookkeeping, accounting, financial reporting, and analysis and strategic finance services; technical accounting comprising initial public offerings, SEC reporting, and international consolidation services; human resources, workforce management, and compliance support services; and advisory services. The company offers its products and services through credit unions, dealers, homebuilders, and consumers. Kingsway Financial Services Inc. was incorporated in 1989 and is based in Itasca, Illinois.

Kingsway Financial Services Stock Performance

NYSE:KFS traded up $1.00 during trading on Friday, hitting $7.26. 59,744 shares of the company's stock were exchanged, compared to its average volume of 6,589. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 16.37. Kingsway Financial Services has a fifty-two week low of $4.85 and a fifty-two week high of $7.40. The stock's 50 day moving average price is $5.76 and its two-hundred day moving average price is $5.51.

Kingsway Financial Services (NYSE:KFS - Get Rating) (TSE:KFS) last posted its earnings results on Friday, May 6th. The insurance provider reported $0.06 earnings per share for the quarter. The firm had revenue of $26.12 million for the quarter. Kingsway Financial Services had a negative net margin of 4.83% and a positive return on equity of 218.79%.

Wall Street Analyst Weigh In

Separately, TheStreet raised Kingsway Financial Services from a "d+" rating to a "c" rating in a report on Wednesday, May 4th.

Insider Activity at Kingsway Financial Services

In other Kingsway Financial Services news, Director Gregory Paul Hannon acquired 34,600 shares of Kingsway Financial Services stock in a transaction that occurred on Thursday, June 23rd. The shares were bought at an average price of $5.31 per share, with a total value of $183,726.00. Following the completion of the purchase, the director now directly owns 2,560,146 shares in the company, valued at approximately $13,594,375.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Gregory Paul Hannon acquired 34,600 shares of the firm's stock in a transaction dated Thursday, June 23rd. The stock was bought at an average cost of $5.31 per share, for a total transaction of $183,726.00. Following the completion of the transaction, the director now directly owns 2,560,146 shares in the company, valued at approximately $13,594,375.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Oakmont Capital Inc bought 6,454 shares of the company's stock in a transaction that occurred on Friday, June 24th. The stock was purchased at an average price of $5.35 per share, for a total transaction of $34,528.90. Following the acquisition, the insider now owns 2,518,850 shares of the company's stock, valued at $13,475,847.50. The disclosure for this purchase can be found here. Insiders have bought a total of 166,422 shares of company stock valued at $906,267 in the last 90 days. 56.40% of the stock is owned by corporate insiders.