Kingsway Financial Services Inc (NYSE:KWY – Get Free Report) Director Joshua Horowitz purchased 3,800 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were purchased at an average price of $9.91 per share, with a total value of $37,658.00. Following the purchase, the director directly owned 372,000 shares in the company, valued at $3,686,520. This trade represents a 1.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Joshua Horowitz also recently made the following trade(s):
- On Thursday, May 28th, Joshua Horowitz acquired 700 shares of Kingsway Financial Services stock. The shares were bought at an average cost of $9.95 per share, for a total transaction of $6,965.00.
Kingsway Financial Services Price Performance
KWY traded up $0.02 during trading on Monday, reaching $10.01. 62,226 shares of the company were exchanged, compared to its average volume of 81,846. The company’s 50-day moving average is $10.88 and its two-hundred day moving average is $12.76. The company has a market cap of $289.79 million, a price-to-earnings ratio of -25.02 and a beta of 0.24. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.56. Kingsway Financial Services Inc has a 12-month low of $9.80 and a 12-month high of $16.80.
Hedge Funds Weigh In On Kingsway Financial Services
Institutional investors have recently modified their holdings of the company. 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 grew its position in 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 acquiring an additional 2,622 shares during the last quarter. BNP Paribas Financial Markets grew its position in Kingsway Financial Services by 143.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,141 shares of the company’s stock worth $61,000 after acquiring an additional 2,442 shares during the last quarter. Osaic Holdings Inc. grew its position in Kingsway Financial Services by 17.2% during the 2nd quarter. Osaic Holdings Inc. now owns 6,925 shares of the company’s stock worth $94,000 after acquiring 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 4th quarter. Bank of America Corp DE now owns 12,334 shares of the company’s stock worth $103,000 after acquiring an additional 3,300 shares during the last quarter. 72.38% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, Weiss Ratings raised Kingsway Financial Services from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on KWY
Kingsway Financial Services Company Profile
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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