Kingsway Financial Services (NYSE:KFS) Stock Price Crosses Above the 200-Day Moving Average of $5.46


Shares of Kingsway Financial Services Inc. (NYSE:KFS – Get Rating) (TSE:KFS) rose above their 200-day moving average during Monday’s trading. The stock has a 200-day moving average of $5.46 and is trading as low as $6.10. Kingsway Financial Services shares last traded at $6.05, with a volume of 1,400 shares traded.

Analysts set new price targets

Separately, TheStreet upgraded Kingsway Financial Services from a ‘d+’ rating to a ‘c’ rating in a research report on Wednesday May 4.

Kingsway Financial Services Price Performance

The company has a fifty-day moving average price of $5.59 and a two-hundred-day moving average price of $5.46. The stock has a market capitalization of $146.02 million, a P/E ratio of -43.21 and a beta of -0.19. The company has a debt ratio of 16.37, a quick ratio of 0.21 and a current ratio of 0.21.

Kingsway Financial Services (NYSE:KFS – Get Rating) (TSE:KFS) last released its quarterly results on Friday, May 6. The insurance provider reported earnings per share of $0.06 for the quarter. The company had revenue of $26.12 million for the quarter. Kingsway Financial Services posted a positive return on equity of 161.76% and a negative net margin of 3.02%.

Insider Trading at Kingsway Financial Services

In other Kingsway Financial Services news, Director Gregory Paul Hannon purchased 34,600 shares of the company in a trade on Thursday, June 23. The shares were acquired at an average price of $5.31 per share, for a total transaction of $183,726.00. Following the purchase, the director now owns 2,560,146 shares of the company, valued at approximately $13,594,375.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Separately, director Gregory Paul Hannon acquired 34,600 shares of the company in a transaction on Thursday, June 23. The shares were acquired at an average price of $5.31 per share, with a total value of $183,726.00. Following the acquisition, the director now directly owns 2,560,146 shares of the company, valued at $13,594,375.26. The purchase was disclosed in a legal filing with the SEC, accessible via this link. Additionally, director Joseph Stilwell acquired 10,000 shares of the company in a transaction on Monday, June 6. The shares were purchased at an average cost of $5.40 per share, with a total value of $54,000.00. Following the acquisition, the administrator now directly owns 4,992,648 shares of the company, valued at $26,960,299.20. Disclosure of this purchase can be found here. Insiders have purchased 165,858 shares of the company worth $902,697 over the past three months. Company insiders own 56.40% of the company’s shares.

Kingsway Financial Services Institutional Trading

Several institutional investors have recently increased or reduced their stake in the company. State Street Corp increased its position in Kingsway Financial Services shares by 48.1% during the first quarter. State Street Corp now owns 20,949 shares of the insurance provider worth $115,000 after acquiring an additional 6,801 shares during the period. Vanguard Group Inc. increased its position in Kingsway Financial Services shares by 17.1% during the first quarter. Vanguard Group Inc. now owns 547,719 shares of the insurance provider worth $3,012,000 after acquiring an additional 79,836 shares during the period. Finally, Stilwell Value LLC increased its position in Kingsway Financial Services shares by 2.4% during the first quarter. Stilwell Value LLC now owns 7,391,464 shares of the insurance provider worth $40,653,000 after acquiring an additional 172,494 shares during the period. Institutional investors hold 74.59% of the company’s shares.

Kingsway Financial Services Company Profile

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Kingsway Financial Services Inc, through its subsidiaries, is engaged in commercial extended warranty services, asset management and real estate. The Company operates through three segments: Extended Warranty, Leased Real Estate and Kingsway Search Xcelerator. The Extended Warranty segment markets, sells and administers vehicle service contracts and related products for new and used automobiles, motorcycles and ATVs.

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