Dimensional Fund Advisors LP Purchases 11,315 Shares of Kingsway Financial Services Inc. (NYSE:KFS)

Dimensional Fund Advisors LP lifted its position in shares of Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,411 shares of the insurance provider’s stock after purchasing an additional 11,315 shares during the period. Dimensional Fund Advisors LP owned 0.32% of Kingsway Financial Services worth $748,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in KFS. Barclays PLC lifted its position in shares of Kingsway Financial Services by 325.5% during the third quarter. Barclays PLC now owns 18,269 shares of the insurance provider’s stock valued at $150,000 after purchasing an additional 13,975 shares in the last quarter. JPMorgan Chase & Co. raised its position in Kingsway Financial Services by 368.2% in the third quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider’s stock worth $236,000 after acquiring an additional 22,438 shares during the period. Private Advisor Group LLC bought a new stake in Kingsway Financial Services in the fourth quarter worth about $102,000. Bard Associates Inc. raised its position in Kingsway Financial Services by 2.8% in the fourth quarter. Bard Associates Inc. now owns 296,059 shares of the insurance provider’s stock worth $2,478,000 after acquiring an additional 7,946 shares during the period. Finally, Wells Fargo & Company MN raised its position in Kingsway Financial Services by 50.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,937 shares of the insurance provider’s stock worth $50,000 after acquiring an additional 1,980 shares during the period. 72.38% of the stock is owned by institutional investors.

Kingsway Financial Services Trading Down 1.3%

KFS opened at $10.33 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average price of $8.24 and a 200-day moving average price of $8.30. Kingsway Financial Services Inc. has a twelve month low of $7.06 and a twelve month high of $10.75.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last posted its earnings results on Thursday, May 8th. The insurance provider reported ($0.13) earnings per share for the quarter. Kingsway Financial Services had a negative return on equity of 7.83% and a negative net margin of 3.63%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Kingsway Financial Services from a “hold” rating to a “sell” rating in a research report on Monday, May 12th.

Insider Transactions at Kingsway Financial Services

In related news, Director Joseph Stilwell sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $8.00, for a total transaction of $8,000,000.00. Following the sale, the director now owns 498,937 shares of the company’s stock, valued at approximately $3,991,496. This represents a 66.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 53.83% of the company’s stock.

About Kingsway Financial Services

Kingsway Financial Services Inc, through its subsidiaries, engages in the extended warranty and business services in the United States. The company operates through two segments, Extended Warranty and Kingsway Search Xcelerator. The Extended Warranty segment markets, sells, and administers vehicle service agreements and related products for new and used automobiles, motorcycles, and ATVs.