John Taylor Maloney Fitzgerald Sells 5,000 Shares of Kingsway Financial Services (NYSE:KWY) Stock

Kingsway Financial Services Inc (NYSE:KWY) CEO John Taylor Maloney Fitzgerald sold 5,000 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $10.13, for a total value of $50,650.00. Following the completion of the sale, the chief executive officer owned 29,100 shares in the company, valued at approximately $294,783. The trade was a 14.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

John Taylor Maloney Fitzgerald also recently made the following trade(s):

• On Tuesday, May 19th, John Taylor Maloney Fitzgerald sold 5,000 shares of Kingsway Financial Services stock. The stock was sold at an average price of $10.30, for a total value of $51,500.00.
• On Thursday, April 30th, John Taylor Maloney Fitzgerald purchased 229 shares of Kingsway Financial Services stock. The shares were purchased at an average cost of $10.93 per share, for a total transaction of $2,502.97.
• On Wednesday, April 15th, John Taylor Maloney Fitzgerald purchased 211 shares of Kingsway Financial Services stock. The shares were purchased at an average cost of $11.85 per share, for a total transaction of $2,500.35.
• On Friday, March 13th, John Taylor Maloney Fitzgerald purchased 234 shares of Kingsway Financial Services stock. The shares were purchased at an average cost of $10.71 per share, for a total transaction of $2,506.14.
• On Friday, February 27th, John Taylor Maloney Fitzgerald purchased 202 shares of Kingsway Financial Services stock. The shares were purchased at an average cost of $12.34 per share, for a total transaction of $2,492.68.

Kingsway Financial Services Stock Down 1.7%

Shares of KWY traded down $0.17 during midday trading on Friday, reaching $10.06. 40,496 shares of the stock were exchanged, compared to its average volume of 81,396. Kingsway Financial Services Inc has a 52 week low of $9.84 and a 52 week high of $16.80. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.56. The company’s 50 day moving average is $10.99 and its two-hundred day moving average is $12.90. The company has a market capitalization of $291.24 million, a P/E ratio of -25.15 and a beta of 0.27.

Kingsway Financial Services (NYSE:KWY) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.10) earnings per share (EPS) for the quarter. Kingsway Financial Services had a negative return on equity of 72.50% and a negative net margin of 8.83%.The firm had revenue of $38.96 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Kingsway Financial Services from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Trading of Kingsway Financial Services

A number of institutional investors have recently modified their holdings of the company. Rhumbline Advisers boosted its holdings in shares of Kingsway Financial Services by 2.9% in the 3rd quarter. Rhumbline Advisers now owns 26,495 shares of the company’s stock valued at $387,000 after buying an additional 741 shares in the last quarter. Legal & General Group Plc increased its position in shares of Kingsway Financial Services by 66.2% during the second quarter. Legal & General Group Plc now owns 2,009 shares of the company’s stock worth $27,000 after purchasing an additional 800 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Kingsway Financial Services by 17.2% during the second quarter. Osaic Holdings Inc. now owns 6,925 shares of the company’s stock worth $94,000 after purchasing an additional 1,015 shares in the last quarter. Deutsche Bank AG increased its position in shares of Kingsway Financial Services by 9.8% during the fourth quarter. Deutsche Bank AG now owns 17,669 shares of the company’s stock worth $238,000 after purchasing an additional 1,581 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Kingsway Financial Services by 4.8% during the second quarter. Bank of America Corp DE now owns 34,992 shares of the company’s stock worth $474,000 after purchasing an additional 1,592 shares in the last quarter. 72.38% of the stock is currently owned by institutional investors.

Kingsway Financial Services Company Profile

Kingsway Financial Services Inc is a holding company that operates through a group of subsidiaries focused on extended warranty and specialty insurance-related services. The company’s businesses primarily provide administration, underwriting, and related support services for protection products offered through automotive, consumer, and other markets.

Kingsway has historically operated in the insurance and service contract space, with activities centered on helping businesses and consumers manage risk and protection coverage needs.