The stock of Kingsway Financial Services Inc. (USA) (NYSE:KFS) hit a new 52-week high and has $15.14 target or 161.00% above today’s $5.80 share price. The 7 months bullish chart indicates low risk for the $115.13 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $15.14 price target is reached, the company will be worth $185.36 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 2.65% or $0.15 on November 17, hitting $5.8. About 80,337 shares traded hands or 535.68% up from the average. Kingsway Financial Services Inc. (USA) (NYSE:KFS) has risen 19.70% since April 15, 2016 and is uptrending. It has outperformed by 15.08% the S&P500.
According to Zacks Investment Research, “Kingsway Financial is involved in the insuring of automobile risks for drivers who do not meet the criteria for coverage by standard automobile insurers. The Company currently operates through wholly-owned subsidiaries in Canada and the U.S.”
Insitutional Activity: The institutional sentiment is 1 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, as 2 funds sold all Kingsway Financial Services Inc. (USA) shares owned while 3 reduced positions. only 2 funds bought stakes while 3 increased positions. They now own 530,745 shares or 9.48% less from 586,332 shares in 2016Q1.
Toronto Dominion Comml Bank reported 82 shares or 0% of all its holdings. Tower Research Capital Limited Liability (Trc) owns 1,000 shares or 0% of their US portfolio. Gluskin Sheff & Associate last reported 0.09% of its portfolio in the stock. Walleye Trading Limited Liability Co accumulated 600 shares or 0% of the stock. Royal Bankshares Of Canada owns 176 shares or 0% of their US portfolio. Renaissance Ltd Company last reported 0% of its portfolio in the stock. National Bank & Trust Of Montreal Can last reported 250 shares in the company. Bradley Foster And Sargent Ct reported 65,038 shares or 0.02% of all its holdings. Morgan Stanley holds 100 shares or 0% of its portfolio. Css Ltd Co Il owns 97,119 shares or 0.03% of their US portfolio. Deutsche Bancshares Ag holds 0% of its portfolio in Kingsway Financial Services Inc. (USA) (NYSE:KFS) for 10,610 shares.
Insider Transactions: Since May 23, 2016, the stock had 87 insider buys, and 0 selling transactions for $14.93 million net activity. SWETS LARRY G JR had bought 369 shares worth $2,088 on Friday, October 14. 146 Kingsway Financial Services Inc. (USA) (NYSE:KFS) shares with value of $711 were bought by BAQAR HASSAN. Shares for $14,351 were bought by Fitzgerald John Taylor Maloney. On Friday, October 14 the insider Hickey William August Jr bought $1,494. On Wednesday, June 1 STILWELL JOSEPH bought $961,566 worth of the stock or 193,474 shares.
Another recent and important Kingsway Financial Services Inc. (USA) (NYSE:KFS) news was published by Marketwatch.com which published an article titled: “Kingsway Financial Services Inc. Requisitions Shareholder Meeting of Kobex …” on September 17, 2015.
KFS Company Profile
Kingsway Financial Services Inc., incorporated on September 19, 1989, is a holding company. The Firm operates as a merchant bank primarily engaged, through its subsidiaries, in the property and casualty insurance business. The Firm operates through Insurance Underwriting segment. The Company’s Insurance Underwriting segment provides non-standard automobile insurance to individuals who do not meet the criteria for coverage by standard automobile insurers. The Company’s Insurance Underwriting segment has its policy holders in approximately 10 states of the United States.
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