Stilwell Value LLC Has $56.08 Million Holdings in Kingsway Financial Services Inc. (NYSE:KFS)

Stilwell Value LLC cut its position in shares of Kingsway Financial Services Inc. (NYSE:KFS - Free Report) TSE: KFS by 8.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,700,527 shares of the insurance provider's stock after selling 625,000 shares during the quarter. Kingsway Financial Services comprises 42.7% of Stilwell Value LLC's investment portfolio, making the stock its biggest holding. Stilwell Value LLC owned approximately 24.30% of Kingsway Financial Services worth $56,083,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Greenhaven Road Investment Management L.P. lifted its holdings in shares of Kingsway Financial Services by 0.3% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 511,060 shares of the insurance provider's stock valued at $4,278,000 after purchasing an additional 1,769 shares during the last quarter. Barclays PLC increased its position in Kingsway Financial Services by 10.2% during the 4th quarter. Barclays PLC now owns 20,126 shares of the insurance provider's stock valued at $169,000 after buying an additional 1,857 shares in the last quarter. Wells Fargo & Company MN raised its stake in Kingsway Financial Services by 50.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,937 shares of the insurance provider's stock valued at $50,000 after buying an additional 1,980 shares during the last quarter. State Street Corp boosted its holdings in Kingsway Financial Services by 4.8% in the third quarter. State Street Corp now owns 151,477 shares of the insurance provider's stock worth $1,254,000 after acquiring an additional 6,877 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Kingsway Financial Services by 2.0% in the third quarter. Geode Capital Management LLC now owns 347,235 shares of the insurance provider's stock worth $2,875,000 after acquiring an additional 6,941 shares during the last quarter. 72.38% of the stock is currently owned by institutional investors.

Kingsway Financial Services Stock Up 0.2 %

Shares of Kingsway Financial Services stock opened at $8.07 on Monday. The company has a 50-day simple moving average of $7.80 and a two-hundred day simple moving average of $8.29. Kingsway Financial Services Inc. has a 52-week low of $7.06 and a 52-week high of $9.58. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.20.

Insider Activity at Kingsway Financial Services

In other Kingsway Financial Services news, Director Joseph Stilwell sold 1,000,000 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $8.00, for a total transaction of $8,000,000.00. Following the sale, the director now directly owns 498,937 shares in the company, valued at approximately $3,991,496. This trade represents a 66.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders bought 945 shares of company stock valued at $7,499 over the last 90 days. Corporate insiders own 54.75% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Kingsway Financial Services from a "sell" rating to a "hold" rating in a research report on Thursday, March 20th.

Kingsway Financial Services Company Profile

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.

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