Kingsway Financial Services (NYSE:KFS) Stock Passes Above 200 Day Moving Average of $8.11

Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.11 and traded as high as $8.74. Kingsway Financial Services shares last traded at $8.63, with a volume of 43,146 shares traded.

Kingsway Financial Services Trading Up 2.4 %

The firm’s fifty day moving average price is $8.57 and its two-hundred day moving average price is $8.11. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.58 and a quick ratio of 0.58.

Insider Buying and Selling at Kingsway Financial Services

In related news, Director Joseph Stilwell sold 7,300 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $8.76, for a total value of $63,948.00. Following the completion of the transaction, the director now directly owns 648,797 shares of the company’s stock, valued at $5,683,461.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired a total of 1,910 shares of company stock worth $16,254 over the last three months. Company insiders own 56.40% of the company’s stock.

Institutional Investors Weigh In On Kingsway Financial Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in KFS. Royal Bank of Canada raised its position in Kingsway Financial Services by 12.5% in the 4th quarter. Royal Bank of Canada now owns 13,957 shares of the insurance provider’s stock worth $117,000 after purchasing an additional 1,548 shares during the period. Nuveen Asset Management LLC boosted its stake in Kingsway Financial Services by 25.5% in the fourth quarter. Nuveen Asset Management LLC now owns 15,529 shares of the insurance provider’s stock valued at $130,000 after acquiring an additional 3,155 shares in the last quarter. California State Teachers Retirement System acquired a new stake in shares of Kingsway Financial Services during the second quarter worth $29,000. First Trust Advisors LP lifted its stake in shares of Kingsway Financial Services by 7.3% during the fourth quarter. First Trust Advisors LP now owns 53,644 shares of the insurance provider’s stock worth $451,000 after buying an additional 3,669 shares during the period. Finally, Citigroup Inc. acquired a new stake in shares of Kingsway Financial Services during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 72.38% 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.