Kingsway Financial Services (NYSE:KWY) CEO Sells $51,500.00 in Stock

Kingsway Financial Services Inc (NYSE:KWY) CEO John Taylor Maloney Fitzgerald sold 5,000 shares of Kingsway Financial Services stock in a transaction that occurred 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 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 SEC, which is accessible through this link.

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

• On Thursday, April 30th, John Taylor Maloney Fitzgerald acquired 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 shares were acquired 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 shares were acquired 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 shares were acquired at an average price of $12.34 per share, with a total value of $2,492.68.

Kingsway Financial Services Stock Performance

NYSE KWY traded up $0.01 on Thursday, hitting $10.25. 64,871 shares of the company’s stock traded hands, compared to its average volume of 81,818. Kingsway Financial Services Inc has a 1-year low of $9.84 and a 1-year high of $16.80.

Kingsway Financial Services (NYSE:KWY) last announced its quarterly 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.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Kingsway Financial Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its holdings in 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 acquiring an additional 800 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Kingsway Financial Services by 220.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,809 shares of the company’s stock worth $52,000 after acquiring an additional 2,622 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Kingsway Financial Services by 143.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,141 shares of the company’s stock worth $61,000 after acquiring an additional 2,442 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Kingsway Financial Services by 17.2% in the 2nd quarter. Osaic Holdings Inc. now owns 6,925 shares of the company’s stock worth $94,000 after acquiring an additional 1,015 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Kingsway Financial Services by 170.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,093 shares of the company’s stock worth $133,000 after acquiring an additional 5,728 shares in the last quarter.

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.