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

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

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

• On Thursday, April 30th, John Taylor Maloney Fitzgerald purchased 229 shares of Kingsway Financial Services stock. The shares were acquired 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 acquired at an average cost 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 acquired at an average cost of $10.71 per share, for a total transaction of $2,506.14.
• On Friday, February 27th, John Taylor Maloney Fitzgerald bought 202 shares of Kingsway Financial Services stock. The shares were acquired at an average price of $12.34 per share, for a total transaction of $2,492.68.

Kingsway Financial Services Stock Up 0.1%

Shares of Kingsway Financial Services stock opened at $10.25 on Friday. The stock’s 50-day moving average is $10.99 and its 200 day moving average is $12.90. Kingsway Financial Services Inc has a one year low of $9.84 and a one year high of $16.80. The firm has a market cap of $296.74 million, a price-to-earnings ratio of -25.62 and a beta of 0.27. The company has a debt-to-equity ratio of 3.56, a current ratio of 1.62 and a quick ratio of 1.62.

Kingsway Financial Services (NYSE:KWY) last issued its earnings results on Thursday, May 7th. The company reported ($0.10) earnings per share for the quarter. The business had revenue of $38.96 million during 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 shares of Kingsway Financial Services from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KWY. Legal & General Group Plc lifted its holdings in shares of Kingsway Financial Services by 66.2% in the 2nd 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. Tower Research Capital LLC TRC lifted its stake in shares of Kingsway Financial Services by 220.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,809 shares of the company’s stock valued at $52,000 after buying an additional 2,622 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Kingsway Financial Services by 143.7% during the third quarter. BNP Paribas Financial Markets now owns 4,141 shares of the company’s stock valued at $61,000 after buying an additional 2,442 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of Kingsway Financial Services by 17.2% during the second quarter. Osaic Holdings Inc. now owns 6,925 shares of the company’s stock valued at $94,000 after buying an additional 1,015 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of 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 worth $103,000 after acquiring an additional 3,300 shares in the last quarter. 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.