Kingsway Financial Services (NYSE:KWY) Director Joseph Stilwell Sells 100,000 Shares

Kingsway Financial Services Inc (NYSE:KWY) Director Joseph Stilwell sold 100,000 shares of Kingsway Financial Services stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $10.00, for a total transaction of $1,000,000.00. Following the transaction, the director owned 267,018 shares of the company’s stock, valued at $2,670,180. This represents a 27.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kingsway Financial Services Stock Down 1.5%

Shares of NYSE:KWY traded down $0.15 during midday trading on Monday, hitting $9.79. 101,204 shares of the company’s stock were exchanged, compared to its average volume of 77,642. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.36 and a quick ratio of 1.36. Kingsway Financial Services Inc has a 12 month low of $8.41 and a 12 month high of $16.51. The company has a market cap of $283.22 million, a PE ratio of -32.63 and a beta of 0.24. The stock has a 50 day moving average price of $9.87 and a 200-day moving average price of $11.26.

Kingsway Financial Services (NYSE:KWY) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) EPS for the quarter. Kingsway Financial Services had a negative return on equity of 61.62% and a negative net margin of 6.69%.The company had revenue of $39.44 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Kingsway Financial Services from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Legal & General Group Plc increased 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 company’s stock valued at $27,000 after purchasing an additional 800 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Kingsway Financial Services by 220.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,809 shares of the company’s stock worth $52,000 after purchasing an additional 2,622 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Kingsway Financial Services by 143.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,141 shares of the company’s stock worth $61,000 after buying an additional 2,442 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Kingsway Financial Services by 17.2% in the 2nd quarter. Osaic Holdings Inc. now owns 6,925 shares of the company’s stock worth $94,000 after buying an additional 1,015 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Kingsway Financial Services by 36.5% during the fourth quarter. Bank of America Corp DE now owns 12,334 shares of the company’s stock valued at $103,000 after buying an additional 3,300 shares during the period. Institutional investors own 72.38% of the company’s stock.

About Kingsway Financial Services

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.