Kingsway Financial Services (NYSE:KFS) Downgraded to Buy at StockNews.com

StockNews.com cut shares of Kingsway Financial Services (NYSE:KFS – Get Rating) (TSE:KFS) from a strong-buy rating to a buy rating in a report published on Monday.

Separately, TheStreet raised Kingsway Financial Services from a c+ rating to a b- rating in a research note on Wednesday, December 7th.

Kingsway Financial Services Stock Performance

KFS stock opened at $8.92 on Monday. The business’s fifty day moving average is $8.78 and its 200-day moving average is $7.62. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.21. The company has a market cap of $223.45 million, a P/E ratio of 6.81 and a beta of -0.26. Kingsway Financial Services has a twelve month low of $5.13 and a twelve month high of $10.60.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Stilwell Value LLC raised its stake in Kingsway Financial Services by 3.0% during the 2nd quarter. Stilwell Value LLC now owns 7,613,272 shares of the insurance provider’s stock worth $43,396,000 after buying an additional 221,808 shares during the period. Vanguard Group Inc. raised its stake in Kingsway Financial Services by 17.1% during the 1st quarter. Vanguard Group Inc. now owns 547,719 shares of the insurance provider’s stock worth $3,012,000 after buying an additional 79,836 shares during the period. Renaissance Technologies LLC raised its stake in Kingsway Financial Services by 4.7% during the 2nd quarter. Renaissance Technologies LLC now owns 400,998 shares of the insurance provider’s stock worth $2,286,000 after buying an additional 18,183 shares during the period. Belpointe Asset Management LLC raised its stake in Kingsway Financial Services by 155.6% during the 4th quarter. Belpointe Asset Management LLC now owns 238,691 shares of the insurance provider’s stock worth $1,893,000 after buying an additional 145,293 shares during the period. Finally, State Street Corp raised its stake in Kingsway Financial Services by 55.2% during the 2nd quarter. State Street Corp now owns 32,521 shares of the insurance provider’s stock worth $185,000 after buying an additional 11,572 shares during the period. Institutional investors and hedge funds own 68.99% of the company’s stock.

About Kingsway Financial Services

(Get Rating)

Kingsway Financial Services, Inc operates as a holding company. The firm engages in the provision of financial services. It operates through the following segments: Extended Warranty and Leased Real Estate. The Extended Warranty segment provides after-market vehicle protection services distributed by credit unions.