John Taylor Maloney Fitzgerald Sells 5,000 Shares of Kingsway Financial Services (NYSE:KWY) Stock

Kingsway Financial Services Inc (NYSE:KWY) CEO John Taylor Maloney Fitzgerald sold 5,000 shares of Kingsway Financial Services stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $10.30, for a total value of $51,500.00. Following the completion of the sale, the chief executive officer owned 29,100 shares of the company’s stock, valued at approximately $299,730. The trade was a 14.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

John Taylor Maloney Fitzgerald also recently made the following trade(s):

• On Thursday, May 21st, John Taylor Maloney Fitzgerald sold 5,000 shares of Kingsway Financial Services stock. The stock was sold at an average price of $10.13, for a total value of $50,650.00.
• On Thursday, April 30th, John Taylor Maloney Fitzgerald acquired 229 shares of Kingsway Financial Services stock. The stock was purchased at an average price of $10.93 per share, with a total value of $2,502.97.
• On Wednesday, April 15th, John Taylor Maloney Fitzgerald acquired 211 shares of Kingsway Financial Services stock. The stock was purchased at an average price of $11.85 per share, with a total value of $2,500.35.
• On Friday, March 13th, John Taylor Maloney Fitzgerald acquired 234 shares of Kingsway Financial Services stock. The stock was purchased at an average price of $10.71 per share, with a total value of $2,506.14.
• On Friday, February 27th, John Taylor Maloney Fitzgerald acquired 202 shares of Kingsway Financial Services stock. The stock was purchased at an average price of $12.34 per share, with a total value of $2,492.68.

Kingsway Financial Services Price Performance

Shares of KWY stock opened at $10.06 on Friday. The firm has a market cap of $291.24 million, a price-to-earnings ratio of -25.15 and a beta of 0.27. Kingsway Financial Services Inc has a 12 month low of $9.84 and a 12 month high of $16.80. The stock has a 50-day moving average price of $10.96 and a 200 day moving average price of $12.88. 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 (NYSE:KWY) last posted its earnings results on Thursday, May 7th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $38.96 million for the quarter. Kingsway Financial Services had a negative return on equity of 72.50% and a negative net margin of 8.83%.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Kingsway Financial Services from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Kingsway Financial Services

Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in Kingsway Financial Services by 6.7% in the 1st quarter. Bank of America Corp DE now owns 46,605 shares of the company’s stock valued at $486,000 after acquiring an additional 2,923 shares in the last quarter. Waverly Advisors LLC bought a new stake in Kingsway Financial Services in the 1st quarter valued at approximately $1,304,000. Renaissance Technologies LLC lifted its stake in Kingsway Financial Services by 22.3% in the 1st quarter. Renaissance Technologies LLC now owns 319,670 shares of the company’s stock valued at $3,334,000 after acquiring an additional 58,290 shares in the last quarter. Capricorn Fund Managers Ltd bought a new stake in Kingsway Financial Services in the 1st quarter valued at approximately $18,616,000. Finally, Invesco Ltd. lifted its stake in Kingsway Financial Services by 10.7% in the 4th quarter. Invesco Ltd. now owns 19,839 shares of the company’s stock valued at $267,000 after acquiring an additional 1,916 shares in the last quarter. Institutional investors own 72.38% of the company’s stock.

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.