JPMorgan Chase & Co. Buys 22,438 Shares of Kingsway Financial Services Inc. (NYSE:KFS)

JPMorgan Chase & Co. increased its position in shares of Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) by 368.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,532 shares of the insurance provider’s stock after acquiring an additional 22,438 shares during the quarter. JPMorgan Chase & Co. owned about 0.10% of Kingsway Financial Services worth $236,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC grew its position in Kingsway Financial Services by 325.5% in the third quarter. Barclays PLC now owns 18,269 shares of the insurance provider’s stock valued at $150,000 after purchasing an additional 13,975 shares in the last quarter. Geode Capital Management LLC boosted its position in Kingsway Financial Services by 2.0% during the third quarter. Geode Capital Management LLC now owns 347,235 shares of the insurance provider’s stock valued at $2,875,000 after purchasing an additional 6,941 shares during the last quarter. State Street Corp boosted its holdings in shares of Kingsway Financial Services by 4.8% in the 3rd quarter. State Street Corp now owns 151,477 shares of the insurance provider’s stock valued at $1,254,000 after buying an additional 6,877 shares during the last quarter. Bard Associates Inc. increased its holdings in Kingsway Financial Services by 0.6% during the third quarter. Bard Associates Inc. now owns 288,113 shares of the insurance provider’s stock worth $2,386,000 after buying an additional 1,848 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Kingsway Financial Services by 36.4% during the third quarter. BNP Paribas Financial Markets now owns 6,526 shares of the insurance provider’s stock worth $54,000 after acquiring an additional 1,742 shares in the last quarter. Institutional investors and hedge funds own 72.38% of the company’s stock.

Insider Buying and Selling

In related news, Director Joseph Stilwell sold 365,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $8.43, for a total transaction of $3,076,950.00. Following the sale, the director now owns 593,743 shares of the company’s stock, valued at $5,005,253.49. This represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders bought 1,177 shares of company stock valued at $10,010. Insiders own 54.75% of the company’s stock.

Kingsway Financial Services Stock Performance

Shares of NYSE KFS opened at $8.12 on Friday. Kingsway Financial Services Inc. has a twelve month low of $7.60 and a twelve month high of $9.58. The business’s 50 day moving average price is $8.35 and its two-hundred day moving average price is $8.40. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.41 and a quick ratio of 0.41.

Kingsway Financial Services (NYSE:KFS) (TSE:KFS) last issued its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $0.10 earnings per share for the quarter. The company had revenue of $27.14 million for the quarter. Kingsway Financial Services had a negative net margin of 3.63% and a negative return on equity of 7.83%.

Kingsway Financial Services 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.