Breaking: Is Buying Kingsway Financial Services Inc. (USA) Here a Winning Strategy?

Breaking: Is Buying Kingsway Financial Services Inc. (USA) Here a Winning Strategy?

The stock of Kingsway Financial Services Inc. (USA) (NYSE:KFS) hit a new 52-week high and has $6.30 target or 5.00% above today’s $6.00 share price. The 7 months bullish chart indicates low risk for the $127.98M company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $6.30 price target is reached, the company will be worth $6.40 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. About 19,742 shares traded hands or 0.38% up from the average. Kingsway Financial Services Inc. (USA) (NYSE:KFS) has risen 28.32% since April 26, 2016 and is uptrending. It has outperformed by 23.06% the S&P500.

Analysts await Kingsway Financial Services Inc. (USA) (NYSE:KFS) to report earnings on February, 2.

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 increased to 2.5 in 2016 Q2. Its up 1.50, from 1 in 2016Q1. The ratio increased, as 2 funds sold all Kingsway Financial Services Inc. (USA) shares owned while 3 reduced positions. 2 funds bought stakes while 3 increased positions. They now own 530,745 shares or 9.48% less from 586,332 shares in 2016Q1.
Bradley Foster And Sargent Ct holds 0.02% or 65,038 shares in its portfolio. Toronto Dominion Savings Bank last reported 0% of its portfolio in the stock. Deutsche Retail Bank Ag accumulated 0% or 10,610 shares. Gluskin Sheff And Assocs Incorporated holds 0.09% of its portfolio in Kingsway Financial Services Inc. (USA) (NYSE:KFS) for 200,000 shares. Royal Commercial Bank Of Canada last reported 0% of its portfolio in the stock. Walleye Trading Ltd Limited Liability Company reported 600 shares or 0% of all its holdings. Renaissance Technologies Ltd Llc holds 0% or 155,770 shares in its portfolio. Css Lc Il, a Illinois-based fund reported 97,119 shares. Bankshares Of Montreal Can reported 250 shares or 0% of all its holdings. Morgan Stanley holds 0% of its portfolio in Kingsway Financial Services Inc. (USA) (NYSE:KFS) for 100 shares. Moreover, Tower Cap Ltd Co (Trc) has 0% invested in Kingsway Financial Services Inc. (USA) (NYSE:KFS) for 1,000 shares.

Insider Transactions: Since May 31, 2016, the stock had 77 insider purchases, and 0 sales for $14.01 million net activity. Schaevitz Gary bought $144,756 worth of Kingsway Financial Services Inc. (USA) (NYSE:KFS) on Monday, November 21. $2,082 worth of Kingsway Financial Services Inc. (USA) (NYSE:KFS) shares were bought by SWETS LARRY G JR. $382 worth of shares were bought by Fitzgerald John Taylor Maloney on Tuesday, August 2. $706 worth of Kingsway Financial Services Inc. (USA) (NYSE:KFS) was bought by BAQAR HASSAN on Friday, July 15. On Friday, July 15 Hickey William August Jr bought $1,498 worth of the stock or 280 shares. Shares for $961,566 were bought by STILWELL JOSEPH on Wednesday, June 1.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment