Kingsway Financial Services (NYSE:KFS) Upgraded at StockNews.com

StockNews.com upgraded shares of Kingsway Financial Services (NYSE:KFS) (TSE:KFS) from a sell rating to a hold rating in a research report report published on Thursday morning.

Kingsway Financial Services Stock Up 6.1 %

NYSE KFS opened at $7.86 on Thursday. The company’s 50-day moving average price is $7.86 and its 200-day moving average price is $8.31. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.41 and a current ratio of 0.41. Kingsway Financial Services has a 12 month low of $7.06 and a 12 month high of $9.58.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mirabella Financial Services LLP bought a new stake in shares of Kingsway Financial Services in the 4th quarter valued at about $13,392,000. Bridgeway Capital Management LLC bought a new stake in shares of Kingsway Financial Services in the 4th quarter valued at about $410,000. JPMorgan Chase & Co. raised its position in shares of Kingsway Financial Services by 368.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,532 shares of the insurance provider’s stock valued at $236,000 after purchasing an additional 22,438 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Kingsway Financial Services in the 4th quarter valued at approximately $144,000. Finally, Barclays PLC raised its position in shares of Kingsway Financial Services by 325.5% in the 3rd 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. 72.38% of the stock is currently owned by institutional investors.

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.