Kingsway Financial Services Inc. (NYSE:KFS - Get Free Report) (TSE:KFS) Director Joseph Stilwell sold 1,000,000 shares of Kingsway Financial Services stock in a transaction dated 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 completion of the sale, the director now directly owns 498,937 shares in the company, valued at $3,991,496. This trade represents a 66.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Kingsway Financial Services Stock Performance
Shares of Kingsway Financial Services stock opened at $7.99 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average price of $7.84 and a 200-day moving average price of $8.30. Kingsway Financial Services Inc. has a one year low of $7.06 and a one year high of $9.58.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted 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 last quarter. JPMorgan Chase & Co. raised its position in Kingsway Financial Services by 368.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider's stock worth $236,000 after purchasing an additional 22,438 shares during the period. Private Advisor Group LLC purchased a new position in shares of Kingsway Financial Services during the fourth quarter valued at approximately $102,000. State Street Corp grew its stake in shares of Kingsway Financial Services by 4.8% during the third quarter. State Street Corp now owns 151,477 shares of the insurance provider's stock valued at $1,254,000 after buying an additional 6,877 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Kingsway Financial Services by 2.0% in the third quarter. Geode Capital Management LLC now owns 347,235 shares of the insurance provider's stock worth $2,875,000 after buying an additional 6,941 shares during the period. Institutional investors own 72.38% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Kingsway Financial Services from a "sell" rating to a "hold" rating in a research note on Thursday, March 20th.
Check Out Our Latest Report on KFS
Kingsway Financial Services Company Profile
(
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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.
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