Insider Trading Update: Kingsway Financial Services, Inc. (NYSE:KFS)

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Kingsway Financial Services, Inc. (NYSE:KFS) insiders have most recently took part in a trading activity. On Jun 30, 2016 Swets Larry G Jr, CEO and President bought 389 shares having total worth of $2,081 at the price of $5.35 per share, following the transaction a total of 2,068,934 shares owned by Swets Larry G Jr. Before this latest buy, Swets Larry G Jr purchased KFS at 23 other times during the past twelve months, for a total investment of $89,655 at an average of $4.79 per share.

On the same day, Hickey William August Jr, COO, CFO and EVP bought 280 shares having total worth of $1,498 at the price of $5.35 per share, following the transaction a total of 294,426 shares owned by Hickey William August Jr. Before this latest buy, Hickey William August Jr purchased KFS at 21 other times during the past twelve months, for a total investment of $31,494 at an average of $4.8 per share.

On the same day, Baqar Hassan, Vice President bought 132 shares having total worth of $706 at the price of $5.35 per share, following the transaction a total of 148,076 shares owned by Baqar Hassan. Before this latest buy, Baqar Hassan purchased KFS at 21 other times during the past twelve months, for a total investment of $14,881 at an average of $4.8 per share.

On the same day, Fitzgerald John Taylor Maloney, Executive Vice President bought 4,391 shares having total worth of $23,536 at the price of $5.36 per share, following the transaction a total of 277,123 shares owned by Fitzgerald John Taylor Maloney. Before this latest buy, Fitzgerald John Taylor Maloney purchased KFS at 33 other times during the past twelve months, for a total investment of $562,991 at an average of $4.96 per share.

The stock has experienced a total of 53 insider trades in the past three months. These trades include 53 buy trades. Furthermore, over the past 12 months , the stock was traded 112 times by insiders. an employee of the company was the buyer in 112 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 53 0 17.52%
12 Month 112 0 -6.53%

Shares of Kingsway Financial Services, Inc. (NYSE:KFS) traded up 1.92% on Jun 29, 2016, hitting $5.3. 11,800 shares of the company’s stock traded hands. Kingsway Financial Services, Inc. has a 52 week low of $3.72 and a 52 week high of $6.12. The company’s market cap is $116 million.

Kingsway Financial Services, Inc. (NYSE:KFS) last announced its earnings results on Feb 4, 2016. The company reported -0.12 earnings per share (EPS) for the quarter. The company had revenue of $38 million for the quarter During the same quarter in the previous year, the company posted 0.03 earnings per share. The company’s revenue for the quarter was down 11% on a year-over-year basis.

2016-02-04 2015-10-23 2015-07-29 2015-04-30 2015-03-13 2014-11-05 2014-08-08 2014-05-08 2014-03-31 2013-08-08
earnings per share -0.12 -0.05 -0.30 0.03 0.03 -0.44 -0.30 -0.10 -0.28 -0.74
Revenue(M) 38.18 38.56 39.14 29.03 42.74 46.8 50.6 49.17 42.46 43.9

Kingsway Financial Services, Inc., was incorporated under the Business Corporations Act (Ontario) on September 19, 1989. The Company is a holding company and through its subsidiaries, is involved in the property and casualty insurance business and conducts its business through two reportable segments namely Insurance Underwriting and Insurance Services. Insurance Underwriting and Insurance Services conduct their business and distribute their products in the United States and Puerto Rico. Insurance Underwriting mainly markets automobile insurance products which provide coverage in three major areas: liability, accident benefits and physical damage. Liability insurance provides coverage for claims against the Company’s insureds legally responsible for automobile accidents which have injured third-parties or caused property damage to third-parties. Accident benefit policies or personal injury protection policies provide coverage for loss of income, medical and rehabilitation expenses for insured persons who are injured in an automobile accident, regardless of fault. Physical damage policies cover damages to an insured automobile arising from a collision with another object or from other risks such as fire or theft. Insurance Underwriting’s products and services are marketed through approximately 5,500 independent agencies. Insurance Services segment include insurance services provided by the Company’s subsidiaries, Assigned Risk Solutions Ltd (ARS), Northeast Alliance Insurance Agency, LLC (‘NEA’) and IWS Acquisition Corporation (‘IWS’). ARS markets the same type of insurance products as Insurance Underwriting; however, ARS does not retain the risk of operating profit or loss related to the ultimate loss and loss adjustment expenses incurred on the underlying policies. IWS markets and administers vehicle service agreements and related products for new and used automobiles throughout the United States and Puerto Rico. A vehicle service agreement is an agreement between IWS and the vehicle purchaser under which IWS agrees to replace or repair, for a specific term, designated vehicle parts in the event of a mechanical breakdown. IWS serves as the administrator on all contracts it originates. The Company competes with large national insurance companies and smaller regional insurance companies which produce through independent agents. It also competes with insurance companies which sell policies directly to their customers. The Company is subject to state laws and regulations that require diversification of its investment portfolios and that limit the amount of investments in certain categories.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.