Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) Director Douglas Levine purchased 19,000 shares of the stock in a transaction dated Tuesday, March 19th. The stock was acquired at an average price of $2.15 per share, for a total transaction of $40,850.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of KFS stock traded up $0.09 during trading hours on Thursday, hitting $2.40. The company’s stock had a trading volume of 56,178 shares, compared to its average volume of 37,303. Kingsway Financial Services Inc. has a twelve month low of $1.82 and a twelve month high of $4.69. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 8.83.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Stilwell Value LLC lifted its stake in shares of Kingsway Financial Services by 13.5% during the fourth quarter. Stilwell Value LLC now owns 4,902,516 shares of the insurance provider’s stock valued at $14,070,000 after buying an additional 583,614 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of Kingsway Financial Services during the fourth quarter valued at approximately $626,000. Belpointe Asset Management LLC lifted its stake in shares of Kingsway Financial Services by 13.0% during the third quarter. Belpointe Asset Management LLC now owns 115,296 shares of the insurance provider’s stock valued at $323,000 after buying an additional 13,300 shares during the period. Finally, Actinver Wealth Management Inc. purchased a new position in shares of Kingsway Financial Services during the fourth quarter valued at approximately $233,000. 24.54% of the stock is currently owned by institutional investors and hedge funds.
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Kingsway Financial Services Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through three segments: Insurance Underwriting, Extended Warranty, and Leased Real Estate. The Insurance Underwriting segment offers various automobile insurance products, including liability insurance that covers claims against its insured's responsible for automobile accidents; accident benefit policies or personal injury protection policies that provide coverage for loss of income, medical, and rehabilitation expenses for insured persons who are injured in an automobile accident; and physical damage policies, which cover damages to an insured automobile arising from a collision with another object, as well as from other risks, such as fire or theft.
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