Kingsway Financial Services Inc (NYSE:KWY – Get Free Report) Director Joshua Horowitz acquired 1,300 shares of Kingsway Financial Services stock in a transaction dated Tuesday, August 18th. The stock was bought at an average price of $9.75 per share, with a total value of $12,675.00. Following the completion of the purchase, the director directly owned 373,300 shares in the company, valued at $3,639,675. This represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Joshua Horowitz also recently made the following trade(s):
- On Thursday, August 20th, Joshua Horowitz bought 769 shares of Kingsway Financial Services stock. The stock was bought at an average cost of $9.89 per share, for a total transaction of $7,605.41.
- On Wednesday, August 19th, Joshua Horowitz bought 7,034 shares of Kingsway Financial Services stock. The shares were bought at an average price of $9.84 per share, for a total transaction of $69,214.56.
- On Friday, May 29th, Joshua Horowitz purchased 3,800 shares of Kingsway Financial Services stock. The shares were bought at an average cost of $9.91 per share, with a total value of $37,658.00.
- On Thursday, May 28th, Joshua Horowitz purchased 700 shares of Kingsway Financial Services stock. The shares were bought at an average cost of $9.95 per share, with a total value of $6,965.00.
Kingsway Financial Services Stock Performance
KWY traded up $0.21 during midday trading on Thursday, reaching $10.10. The company had a trading volume of 120,633 shares, compared to its average volume of 77,508. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 4.39. The business has a 50-day moving average of $9.84 and a two-hundred day moving average of $11.20. The company has a market cap of $292.19 million, a P/E ratio of -33.67 and a beta of 0.24. Kingsway Financial Services Inc has a 1 year low of $8.41 and a 1 year high of $16.51.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of Kingsway Financial Services from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on Kingsway Financial Services
Institutional Investors Weigh In On Kingsway Financial Services
A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings 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 acquiring an additional 3,300 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Kingsway Financial Services by 11.2% in the first quarter. Goldman Sachs Group Inc. now owns 102,386 shares of the company’s stock worth $811,000 after acquiring an additional 10,350 shares during the period. Jane Street Group LLC bought a new position in shares of Kingsway Financial Services in the first quarter worth about $149,000. Geode Capital Management LLC grew its position in shares of Kingsway Financial Services by 20.2% during the second quarter. Geode Capital Management LLC now owns 426,836 shares of the company’s stock worth $5,780,000 after purchasing an additional 71,720 shares in the last quarter. Finally, Legal & General Group Plc grew 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. Hedge funds and other 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.
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