Kingsway Financial Services (NYSE:KFS) Raised to Hold at StockNews.com

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Kingsway Financial Services Price Performance

Shares of NYSE KFS opened at $7.86 on Thursday. Kingsway Financial Services has a 1-year low of $7.06 and a 1-year high of $9.58. The business’s fifty day moving average price is $7.86 and its two-hundred day moving average price is $8.30. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of KFS. Wells Fargo & Company MN boosted 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 in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Kingsway Financial Services by 36.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,526 shares of the insurance provider’s stock valued at $54,000 after purchasing an additional 1,742 shares during the period. Private Advisor Group LLC purchased a new stake in Kingsway Financial Services in the 4th quarter worth about $102,000. Bank of America Corp DE lifted its stake in Kingsway Financial Services by 36.5% in the 4th quarter. Bank of America Corp DE now owns 12,334 shares of the insurance provider’s stock worth $103,000 after acquiring an additional 3,300 shares in the last quarter. Finally, Townsquare Capital LLC purchased a new stake in Kingsway Financial Services in the 4th quarter worth about $108,000. Institutional investors own 72.38% of the company’s stock.

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.