Kingsway Financial Services (NYSE:KFS) Downgraded to Sell Rating by StockNews.com

StockNews.com cut shares of Kingsway Financial Services (NYSE:KFS) (TSE:KFS) from a hold rating to a sell rating in a research report released on Monday morning.

Kingsway Financial Services Stock Performance

KFS opened at $9.34 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.41 and a current ratio of 0.41. Kingsway Financial Services has a 1-year low of $7.06 and a 1-year high of $9.58. The firm has a 50-day moving average price of $8.13 and a two-hundred day moving average price of $8.28.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last posted its quarterly earnings data on Thursday, May 8th. The insurance provider reported ($0.13) earnings per share for the quarter. Kingsway Financial Services had a negative net margin of 3.63% and a negative return on equity of 7.83%.

Insider Transactions at Kingsway Financial Services

In other news, Director Joseph Stilwell sold 1,000,000 shares of Kingsway Financial Services stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $8.00, for a total transaction of $8,000,000.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 53.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kingsway Financial Services

Institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its position in shares of Kingsway Financial Services by 50.0% during the 4th quarter. Wells Fargo & Company MN now owns 5,937 shares of the insurance provider’s stock worth $50,000 after buying an additional 1,980 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Kingsway Financial Services during the 4th quarter worth approximately $102,000. Bank of America Corp DE grew its position in shares of Kingsway Financial Services by 36.5% during the 4th quarter. Bank of America Corp DE now owns 12,334 shares of the insurance provider’s stock worth $103,000 after buying an additional 3,300 shares during the period. Townsquare Capital LLC acquired a new stake in shares of Kingsway Financial Services during the 4th quarter worth approximately $108,000. Finally, Virtu Financial LLC acquired a new stake in shares of Kingsway Financial Services during the 1st quarter worth approximately $132,000. Institutional investors and hedge funds 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.