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

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

Kingsway Financial Services Price Performance

Shares of KFS stock traded down $0.05 during trading hours on Thursday, reaching $7.48. 14,269 shares of the company were exchanged, compared to its average volume of 47,025. Kingsway Financial Services has a fifty-two week low of $7.06 and a fifty-two week high of $9.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.41 and a quick ratio of 0.41. The stock’s fifty day moving average is $7.87 and its two-hundred day moving average is $8.31.

Institutional Investors Weigh In On Kingsway Financial Services

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in Kingsway Financial Services by 50.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,937 shares of the insurance provider’s stock valued at $50,000 after acquiring an additional 1,980 shares during the last quarter. BNP Paribas Financial Markets lifted its position in 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 purchasing an additional 1,742 shares during the period. Private Advisor Group LLC bought a new position in shares of Kingsway Financial Services in the 4th quarter valued at about $102,000. Bank of America Corp DE grew its position in shares of Kingsway Financial Services by 36.5% during the 4th quarter. Bank of America Corp DE now owns 12,334 shares of the insurance provider’s stock worth $103,000 after buying an additional 3,300 shares during the period. Finally, Townsquare Capital LLC bought a new stake in shares of Kingsway Financial Services during the fourth quarter worth approximately $108,000. 72.38% of the stock is owned by institutional investors and hedge funds.

About Kingsway Financial Services

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.