Kingsway Financial Services (NYSE:KFS) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Kingsway Financial Services, Inc. (NYSE:KFS) (TSE:KFS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.94 and traded as high as $15.29. Kingsway Financial Services shares last traded at $14.63, with a volume of 43,645 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on KFS shares. Wall Street Zen raised shares of Kingsway Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsway Financial Services in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Kingsway Financial Services Stock Down 2.5%

The company has a debt-to-equity ratio of 0.72, a current ratio of 0.54 and a quick ratio of 0.54. The company’s 50 day simple moving average is $14.51 and its 200 day simple moving average is $12.94.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last posted its quarterly earnings data on Thursday, August 7th. The insurance provider reported ($0.13) EPS for the quarter. Kingsway Financial Services had a negative net margin of 4.46% and a negative return on equity of 40.69%.

Insider Buying and Selling

In other news, Director Joseph Stilwell sold 48,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $14.47, for a total transaction of $694,560.00. Following the completion of the sale, the director owned 457,181 shares in the company, valued at $6,615,409.07. This trade represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders have bought 1,198 shares of company stock valued at $17,515 and have sold 239,429 shares valued at $3,409,173. Company insiders own 53.83% of the company’s stock.

Institutional Investors Weigh In On Kingsway Financial Services

Large investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. increased its stake in shares of Kingsway Financial Services by 110.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,851 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 972 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Kingsway Financial Services during the 2nd quarter worth approximately $26,000. Legal & General Group Plc increased its stake in shares of Kingsway Financial Services by 66.2% during the 2nd quarter. Legal & General Group Plc now owns 2,009 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 800 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Kingsway Financial Services during the 2nd quarter worth approximately $42,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Kingsway Financial Services by 220.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,809 shares of the insurance provider’s stock worth $52,000 after purchasing an additional 2,622 shares during the last quarter. Hedge funds and other institutional investors own 72.38% of the company’s stock.

Kingsway Financial Services Company Profile

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.