Joseph Stilwell Sells 19,229 Shares of Kingsway Financial Services (NYSE:KFS) Stock

Kingsway Financial Services, Inc. (NYSE:KFS) (TSE:KFS) Director Joseph Stilwell sold 19,229 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $12.80, for a total transaction of $246,131.20. Following the transaction, the director directly owned 300,000 shares of the company’s stock, valued at $3,840,000. This represents a 6.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Joseph Stilwell also recently made the following trade(s):

• On Tuesday, December 16th, Joseph Stilwell sold 10,429 shares of Kingsway Financial Services stock. The stock was sold at an average price of $12.80, for a total value of $133,491.20.
• On Monday, December 15th, Joseph Stilwell sold 34,269 shares of Kingsway Financial Services stock. The stock was sold at an average price of $12.80, for a total value of $438,643.20.
• On Thursday, December 11th, Joseph Stilwell sold 67,500 shares of Kingsway Financial Services stock. The shares were sold at an average price of $12.80, for a total value of $864,000.00.
• On Tuesday, December 9th, Joseph Stilwell sold 20,000 shares of Kingsway Financial Services stock. The shares were sold at an average price of $12.80, for a total value of $256,000.00.
• On Monday, December 8th, Joseph Stilwell sold 35,000 shares of Kingsway Financial Services stock. The stock was sold at an average price of $12.82, for a total value of $448,700.00.

Kingsway Financial Services Trading Up 1.3%

NYSE KFS opened at $13.80 on Wednesday. Kingsway Financial Services, Inc. has a 12 month low of $7.06 and a 12 month high of $16.80. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.74. The stock’s fifty day moving average price is $13.30 and its 200-day moving average price is $13.99. The stock has a market cap of $399.50 million, a P/E ratio of -38.32 and a beta of 0.32.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last announced its quarterly earnings results on Thursday, November 6th. The insurance provider reported ($0.10) earnings per share (EPS) for the quarter. Kingsway Financial Services had a negative return on equity of 76.94% and a negative net margin of 8.55%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsway Financial Services in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Kingsway Financial Services

A number of hedge funds have recently bought and sold shares of KFS. Bank of America Corp DE boosted its holdings 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 valued at $103,000 after acquiring an additional 3,300 shares during the last quarter. Nuveen LLC bought a new position in Kingsway Financial Services during the first quarter valued at approximately $139,000. Goldman Sachs Group Inc. boosted its holdings in Kingsway Financial Services by 11.2% in the first quarter. Goldman Sachs Group Inc. now owns 102,386 shares of the insurance provider’s stock worth $811,000 after purchasing an additional 10,350 shares during the last quarter. Jane Street Group LLC purchased a new stake in Kingsway Financial Services in the first quarter worth approximately $149,000. Finally, Nisa Investment Advisors LLC bought a new stake in Kingsway Financial Services in the 2nd quarter worth approximately $26,000. Hedge funds and other institutional investors own 72.38% of the company’s stock.

Kingsway Financial Services Company Profile

Kingsway Financial Services, Inc (NYSE: KFS) is a specialty finance company focused on the acquisition, origination and servicing of residential mortgage loans and related assets in the United States. Through strategic portfolio purchases and direct origination channels, Kingsway builds a diversified mix of mortgage assets, including prime, non-QM and other specialty loan products.

The company’s principal activities include investing in and managing mortgage servicing rights (MSRs), holding mortgage loans for investment, and acquiring residential mortgage-backed securities (RMBS).