Recent Insider Trading: Kingsway Financial Services, Inc. $KFS

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Kingsway Financial Services, Inc. (NYSE:KFS) insider have most recently took part in a trading activity. On Aug 25, 2017 Fitzgerald John Taylor Maloney, President and COO bought 108 shares having total worth of $605 at the price of $5.6 per share, following the transaction a total of 858,696 shares owned by Fitzgerald John Taylor Maloney. Before this latest buy, Fitzgerald John Taylor Maloney purchased KFS at 25 other times during the past twelve months, for a total investment of $21,812 at an average of $5.92 per share.

The stock has experienced a total of 38 insider trades in the past three months. These trades include 38 buy trades. Furthermore, over the past 12 months , the stock was traded 134 times by insiders. an employee of the company was the buyer in 134 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 38 0 -1.67%
12 Month 134 0 31.26%

Shares of Kingsway Financial Services, Inc. (NYSE:KFS) traded up 0.99% on Aug 24, 2017, hitting $5.61. 25,705 shares of the company’s stock traded hands. Kingsway Financial Services, Inc. has a 52 week low of $4.27 and a 52 week high of $6.5. The company’s market cap is $126 million.

Kingsway Financial Services, Inc. (NYSE:KFS) last announced its earnings results on Aug 7, 2017. The company reported -0.41 earnings per share (EPS) for the quarter. The company had revenue of $45 million for the quarter During the same quarter in the previous year, the company posted -0.09 earnings per share. The company’s revenue for the quarter was up 9% on a year-over-year basis.

2017-08-07 2017-03-08 2016-10-21 2016-02-04 2015-10-23 2015-07-29 2015-04-30 2015-03-13 2014-11-05 2014-08-08
earnings per share -0.41 -0.43 0.06 -0.12 -0.05 -0.30 0.03 0.03 -0.44 -0.30
Revenue(M) 44.92 52.79 45.83 38.18 38.56 39.14 29.03 42.74 46.8 50.6

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.