Revenue Update on Kingsway Financial Services (USA)(NYSE:KFS)

Kingsway Financial Services (USA)(NYSE:KFS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 22, 2016. Earnings per share were $-0.09.

Kingsway Financial Services (USA) (KFS) made into the market gainers list on Thursdays trading session with the shares advancing 0.55% or 0.03 points. Due to strong positive momentum, the stock ended at $5.48, which is also near the day’s high of $5.5306. The stock began the session at $5.4 and the volume stood at 48,407 shares. The 52-week high of the shares is $5.7386 and the 52 week low is $3.65. The company has a current market capitalization of $109 M and it has 1,98,55,906 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 20, 2016, John Taylor Maloney Fitzgerald (Executive Vice President) purchased 3,727 shares at $5.24 per share price.Also, On Jul 18, 2016, Larry G Jr Swets (CEO) purchased 390 shares at $5.35 per share price.On Jul 18, 2016, Hassan Baqar (Vice President) purchased 132 shares at $5.35 per share price, according to the Form-4 filing with the securities and exchange commission.

Kingsway Financial Services Inc. (Kingsway) is a holding company. Kingsway operates as a merchant bank primarily engaged through its subsidiaries in the property and casualty insurance business. The Company operates through two segments. The Insurance Underwriting segment provides non-standard automobile insurance to individuals who do not meet the criteria for coverage by standard automobile insurers. The Insurance Services segment includes the operations of its subsidiaries such as IWS Acquisition Corporation (IWS) and Trinity Warranty Solutions LLC (Trinity). As of December 31 2014 the Insurance Underwriting segment conducted business in 15 states of the United States. Its property and casualty insurance business operations are conducted primarily through its subsidiaries such as Mendota Insurance Company Mendakota Insurance Company Universal Casualty Company Kingsway Amigo Insurance Company and Kingsway Reinsurance Corporation.

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