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

Shares of KFS Stock opened at $7.43 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 9.67. Kingsway Financial Services has a 12-month low of $4.85 and a 12-month high of $8.18. The business's 50 day moving average is $5.97 and its two-hundred day moving average is $5.59.

Analyst Ratings Changes

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

Insider Activity at Kingsway Financial Services

In related news, major shareholder Oakmont Capital Inc acquired 9,699 shares of the firm's stock in a transaction on Wednesday, June 22nd. The shares were acquired at an average cost of $5.29 per share, with a total value of $51,307.71. Following the completion of the acquisition, the insider now directly owns 2,477,736 shares in the company, valued at approximately $13,107,223.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Kingsway Financial Services news, Director Gregory Paul Hannon purchased 28,986 shares of the firm's stock in a transaction dated Thursday, June 30th. The shares were purchased at an average cost of $5.67 per share, with a total value of $164,350.62. Following the completion of the purchase, the director now owns 2,624,444 shares in the company, valued at approximately $14,880,597.48. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Oakmont Capital Inc purchased 9,699 shares of the stock in a transaction that occurred on Wednesday, June 22nd. The shares were acquired at an average price of $5.29 per share, for a total transaction of $51,307.71. Following the completion of the transaction, the insider now directly owns 2,477,736 shares of the company's stock, valued at approximately $13,107,223.44. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 166,422 shares of company stock valued at $906,267. 56.40% of the stock is owned by company insiders.