Kingsway Financial Services (NYSE:KFS) Upgraded 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 report issued on Thursday.

Kingsway Financial Services Stock Up 6.1 %

Shares of KFS stock opened at $7.86 on Thursday. The stock’s 50 day simple moving average is $7.86 and its 200 day simple moving average is $8.30. 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 has a twelve month low of $7.06 and a twelve month high of $9.58.

Institutional Trading of Kingsway Financial Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC acquired a new stake in Kingsway Financial Services in the 4th quarter valued at approximately $410,000. Citadel Advisors LLC acquired a new stake in Kingsway Financial Services in the 4th quarter valued at approximately $144,000. Bank of America Corp DE grew its holdings 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 valued at $103,000 after buying an additional 3,300 shares during the last quarter. Northern Trust Corp grew its holdings in Kingsway Financial Services by 9.8% in the 4th quarter. Northern Trust Corp now owns 141,751 shares of the insurance provider’s stock valued at $1,186,000 after buying an additional 12,691 shares during the last quarter. Finally, Mirabella Financial Services LLP acquired a new stake in Kingsway Financial Services in the 4th quarter valued at approximately $13,392,000. Institutional investors and hedge funds 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.