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 Trading Up 2.2 %

Shares of KFS Stock opened at $7.59 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 9.67. The stock has a market cap of $183.18 million, a P/E ratio of -33.00 and a beta of -0.15. The stock has a 50 day simple moving average of $6.01 and a 200 day simple moving average of $5.61. Kingsway Financial Services has a 1 year low of $4.85 and a 1 year high of $8.18.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Kingsway Financial Services news, Director Gregory Paul Hannon bought 28,986 shares of the business's stock in a transaction on Thursday, June 30th. The stock was purchased at an average cost of $5.67 per share, for a total transaction of $164,350.62. Following the completion of the purchase, the director now directly owns 2,624,444 shares of the company's stock, valued at $14,880,597.48. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, Director Gregory Paul Hannon purchased 28,986 shares of the stock in a transaction dated Thursday, June 30th. The stock was bought at an average cost of $5.67 per share, for a total transaction of $164,350.62. Following the completion of the acquisition, the director now owns 2,624,444 shares of the company's stock, valued at $14,880,597.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Charles L. Frischer purchased 11,000 shares of the stock in a transaction dated Thursday, June 9th. The shares were bought at an average price of $5.35 per share, with a total value of $58,850.00. Following the completion of the acquisition, the director now directly owns 231,000 shares of the company's stock, valued at approximately $1,235,850. The disclosure for this purchase can be found here. Insiders acquired 165,758 shares of company stock worth $902,682 over the last three months. Insiders own 56.40% of the company's stock.