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 released on Thursday morning.

Kingsway Financial Services Price Performance

Shares of Kingsway Financial Services stock opened at $7.48 on Thursday. The business has a 50-day simple moving average of $7.87 and a 200 day simple moving average of $8.31. Kingsway Financial Services has a one year low of $7.06 and a one year high of $9.58. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.20.

Hedge Funds Weigh In On Kingsway Financial Services

Large investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in Kingsway Financial Services by 50.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,937 shares of the insurance provider’s stock worth $50,000 after buying an additional 1,980 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of 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. Private Advisor Group LLC acquired a new stake in shares of Kingsway Financial Services in the 4th quarter worth about $102,000. Bank of America Corp DE boosted its stake in 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 valued at $103,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Townsquare Capital LLC bought a new stake in Kingsway Financial Services during the 4th quarter worth approximately $108,000. 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.