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

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Kingsway Financial Services, Inc. (NYSE:KFS) insiders have most recently took part in a trading activity. On Dec 1, 2017 Fitzgerald John Taylor Maloney, President and COO bought 326 shares having total worth of $1,669 at the price of $5.12 per share, following the transaction a total of 868,489 shares owned by Fitzgerald John Taylor Maloney. Before this latest buy, Fitzgerald John Taylor Maloney purchased KFS at 30 other times during the past twelve months, for a total investment of $69,803 at an average of $5.89 per share.

On the same day, Swets Larry G Jr, CEO bought 407 shares having total worth of $2,084 at the price of $5.12 per share, following the transaction a total of 2,088,592 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 $47,927 at an average of $5.98 per share.

On the same day, Hickey William August Jr, CFO and EVP bought 294 shares having total worth of $1,505 at the price of $5.12 per share, following the transaction a total of 303,162 shares owned by Hickey William August Jr. Before this latest buy, Hickey William August Jr purchased KFS at 23 other times during the past twelve months, for a total investment of $34,486 at an average of $5.98 per share.

On the same day, Baqar Hassan, Vice President bought 196 shares having total worth of $1,004 at the price of $5.12 per share, following the transaction a total of 151,916 shares owned by Baqar Hassan. Before this latest buy, Baqar Hassan purchased KFS at 16 other times during the past twelve months, for a total investment of $13,094 at an average of $5.91 per share.

The stock has experienced a total of 35 insider trades in the past three months. These trades include 35 buy trades. Furthermore, over the past 12 months , the stock was traded 149 times by insiders. an employee of the company was the buyer in 149 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 35 0 -17.38%
12 Month 149 0 -1.91%

Shares of Kingsway Financial Services, Inc. (NYSE:KFS) traded up 0.61% on Nov 30, 2017, hitting $5.08. 4,288 shares of the company’s stock traded hands. Kingsway Financial Services, Inc. has a 52 week low of $4.95 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 Oct 26, 2017. The company reported 0.00 earnings per share (EPS) for the quarter. During the same quarter in the previous year, the company posted 0.06 earnings per share. The company’s revenue for the quarter was down 100% on a year-over-year basis.

2017-10-26 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
earnings per share 0.00 -0.41 -0.43 0.06 -0.12 -0.05 -0.30 0.03 0.03 -0.44
Revenue(M) 0 44.92 52.79 45.83 38.18 38.56 39.14 29.03 42.74 46.8

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.