Kingsway Financial Services Inc. (NYSE:KFS) Director Sells $8,000,000.00 in Stock

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) Director Joseph Stilwell sold 1,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $8.00, for a total value of $8,000,000.00. Following the transaction, the director now owns 498,937 shares in the company, valued at $3,991,496. The trade was a 66.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Kingsway Financial Services Stock Performance

Shares of NYSE KFS traded up $0.03 during trading on Thursday, hitting $7.99. 42,190 shares of the company were exchanged, compared to its average volume of 51,394. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.41 and a quick ratio of 0.41. Kingsway Financial Services Inc. has a 1 year low of $7.06 and a 1 year high of $9.58. The firm’s fifty day moving average price is $7.84 and its 200 day moving average price is $8.30.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Kingsway Financial Services

A number of institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its holdings in Kingsway Financial Services by 50.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,937 shares of the insurance provider’s stock valued at $50,000 after buying an additional 1,980 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Kingsway Financial Services by 36.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,526 shares of the insurance provider’s stock worth $54,000 after acquiring an additional 1,742 shares during the period. Private Advisor Group LLC purchased a new position in Kingsway Financial Services in the 4th quarter valued at approximately $102,000. Bank of America Corp DE raised its holdings in Kingsway Financial Services by 36.5% during the fourth quarter. Bank of America Corp DE now owns 12,334 shares of the insurance provider’s stock worth $103,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Townsquare Capital LLC purchased a new stake in Kingsway Financial Services during the fourth quarter worth $108,000. Hedge funds and other institutional investors own 72.38% of the company’s stock.

Kingsway Financial Services Company Profile

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.