Belpointe Asset Management LLC Sells 2,600 Shares of Kingsway Financial Services Inc. (NYSE:KFS)

Belpointe Asset Management LLC reduced its holdings in Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 411,893 shares of the insurance provider’s stock after selling 2,600 shares during the period. Belpointe Asset Management LLC owned approximately 1.49% of Kingsway Financial Services worth $3,415,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KFS. BNP Paribas Financial Markets raised its position in shares of Kingsway Financial Services by 36.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,526 shares of the insurance provider’s stock valued at $54,000 after acquiring an additional 1,742 shares during the last quarter. State Street Corp grew its stake in shares of Kingsway Financial Services by 4.8% during the third quarter. State Street Corp now owns 151,477 shares of the insurance provider’s stock worth $1,254,000 after purchasing an additional 6,877 shares during the period. Barclays PLC increased its holdings 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 during the last quarter. Geode Capital Management LLC lifted its stake in 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 valued at $2,875,000 after buying an additional 6,941 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Kingsway Financial Services by 368.2% during the third quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider’s stock worth $236,000 after buying an additional 22,438 shares during the last quarter. 72.38% of the stock is owned by institutional investors.

Insider Transactions at Kingsway Financial Services

In related news, Director Joseph Stilwell sold 1,000,000 shares of the firm’s 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 owns 498,937 shares of the company’s stock, valued at approximately $3,991,496. This trade represents a 66.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have bought a total of 1,246 shares of company stock valued at $9,997 over the last three months. 54.75% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Kingsway Financial Services Stock Performance

Shares of NYSE KFS opened at $7.83 on Monday. Kingsway Financial Services Inc. has a 52-week low of $7.06 and a 52-week high of $9.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a 50 day moving average price of $7.80 and a 200 day moving average price of $8.30.

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.