Kingsway Financial Services (NYSE:KFS) Director Sells $133,491.20 in Stock

by · The Markets Daily

Kingsway Financial Services, Inc. (NYSE:KFS – Get Free Report) (TSE:KFS) Director Joseph Stilwell sold 10,429 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $12.80, for a total transaction of $133,491.20. Following the completion of the sale, the director owned 534,706 shares in the company, valued at approximately $6,844,236.80. This trade represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Joseph Stilwell also recently made the following trade(s):

  • On Monday, December 15th, Joseph Stilwell sold 34,269 shares of Kingsway Financial Services stock. The shares were sold at an average price of $12.80, for a total transaction of $438,643.20.
  • On Thursday, December 11th, Joseph Stilwell sold 67,500 shares of Kingsway Financial Services stock. The shares were sold at an average price of $12.80, for a total transaction of $864,000.00.
  • On Tuesday, December 9th, Joseph Stilwell sold 20,000 shares of Kingsway Financial Services stock. The stock was sold at an average price of $12.80, for a total transaction of $256,000.00.
  • On Monday, December 8th, Joseph Stilwell sold 35,000 shares of Kingsway Financial Services stock. The stock was sold at an average price of $12.82, for a total transaction of $448,700.00.

Kingsway Financial Services Stock Up 0.9%

Kingsway Financial Services stock opened at $12.77 on Friday. The company has a market capitalization of $369.67 million, a PE ratio of -35.46 and a beta of 0.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.39 and a current ratio of 0.39. Kingsway Financial Services, Inc. has a fifty-two week low of $7.06 and a fifty-two week high of $16.80. The firm has a 50 day moving average price of $13.52 and a 200 day moving average price of $13.98.

Kingsway Financial Services (NYSE:KFS – Get Free Report) (TSE:KFS) last released its quarterly earnings results on Thursday, November 6th. The insurance provider reported ($0.10) EPS for the quarter. Kingsway Financial Services had a negative return on equity of 76.94% and a negative net margin of 8.55%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsway Financial Services in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Kingsway Financial Services presently has an average rating of “Sell”.

View Our Latest Research Report on KFS

Institutional Investors Weigh In On Kingsway Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers increased its holdings in Kingsway Financial Services by 2.9% in the third quarter. Rhumbline Advisers now owns 26,495 shares of the insurance provider’s stock valued at $387,000 after buying an additional 741 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Kingsway Financial Services by 66.2% during the 2nd quarter. Legal & General Group Plc now owns 2,009 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 800 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Kingsway Financial Services by 110.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,851 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 972 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Kingsway Financial Services by 17.2% during the second quarter. Osaic Holdings Inc. now owns 6,925 shares of the insurance provider’s stock worth $94,000 after purchasing an additional 1,015 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Kingsway Financial Services by 4.8% in the second quarter. Bank of America Corp DE now owns 34,992 shares of the insurance provider’s stock valued at $474,000 after purchasing an additional 1,592 shares in the last quarter. 72.38% of the stock is currently owned by institutional investors and hedge funds.

Kingsway Financial Services Company Profile

(Get Free Report)

Kingsway Financial Services, Inc (NYSE: KFS) is a specialty finance company focused on the acquisition, origination and servicing of residential mortgage loans and related assets in the United States. Through strategic portfolio purchases and direct origination channels, Kingsway builds a diversified mix of mortgage assets, including prime, non-QM and other specialty loan products.

The company’s principal activities include investing in and managing mortgage servicing rights (MSRs), holding mortgage loans for investment, and acquiring residential mortgage-backed securities (RMBS).

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